BANK ID 54588 TYPE MULTIPLE CHOICE CORRECT As a manufacturer increases output

Bank id 54588 type multiple choice correct as a

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QUESTION:13[QUESTION BANK ID:54588]TYPE:MULTIPLE CHOICECORRECTAs a manufacturer increases output, which of the following costs should decrease? << HIDE ANSWERS AAverage total costBAverage fixed costCMarginal costDAverage variable cost QUESTION:14 [QUESTION BANK ID: 110594] TYPE: MULTIPLE CHOICE CORRECT
How much of a good will consumers who wish to maximize their net benefit (value less cost) purchase? << HIDE ANSWERS QUESTION:15[QUESTION BANK ID:130030]TYPE:MULTIPLE CHOICECORRECTIf the market for a certain product experiences an increase in demand, which of the following results is expected to occur? << HIDE ANSWERS QUESTION:16[QUESTION BANK ID:41576]TYPE:MULTIPLE CHOICECORRECTWhat is the definition of market equilibrium? << HIDE ANSWERS
QUESTION:17[QUESTION BANK ID:89965]TYPE:MULTIPLE CHOICECORRECTA brewery is considering two potential production investments. Option A costs an initial $2 million and will involve constant marginal cost of $5 Option B costs an initial $4 million and will involve constant marginal cost of $3 In order to make the calculations simple, assume that the annual capital cost is 10% of the total investment. At what production quantity per year would the brewery be indifferent between these two investment opportunities? << HIDE ANSWERS A20,000B100,000C200,000D150,000 QUESTION:18[QUESTION BANK ID:62803]TYPE:MULTIPLE CHOICECORRECTA pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil. At some production levels, its average variable costs are less than $1.50, but there is no production level where its average total cost is equal or less than $1.50. What would be your recommendation to the pencil manufacturer. << HIDE ANSWERS

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