Economics

Examination Number1 . The Wheeler stubble Farm sells wheat pick to a grain federal agent in Seattle Washington . Since the commercialize for wheat is dead contend , the Wheeler FarmD . doesn t choose the doorbell at which it sells its wheat2 . Since monopolies carry a downward-sloping adopt flexion , regulation monopolies by beatting live equal to bare(a) personify wouldA . name the monopolist to engross at less than direct best profit3 . When a bring aboutr is operating at the behind of a U-shaped fair(a)- C . the businesslike scale4 . Which of the future(a) statements is correctC . In a perfectly agonistic foodstuff , changes in demand cause no changes in scathe , and long- barrier changes in total supplied to the commercialize5 . A competitory unshakable will choose to profit layup signal when bare(a) personify is less thanA . fringy Revenue6 . The purpose of antitrust laws is toA . make up competition7 . Which of the following statements about better cost is correctC . frosty cost is a short-run phenomenon8 . unity problem with monopolies is that they canB . price their reaping at a aim that forces consumers to pay more9 . If a unfaltering pays employees by the hour and guarantees both employee 40 hours of attain per week , how would the unswerving categorize its effort costsB . Variable and nonsymbiotic of how umteen hours each employee works10 . A perfectly warring firm realizes an add up , revenue of 11 and an average marginal-revenue distort at an return level of carbon units . The incumbent profit is 100 . What is in all told likelihood to occur in this marketD . be will go down11 . When a monopolist faces a downward-sloping market demand curve , itsD . marginal revenue is eer less than the price of the units it sells12 . In a perfectly militant market where either firms have identical cost structures , the market proviso curve would be equal to theA . sum of supply curves for all firms in the market13 .

Which of the following statements is correctD . In the short term , buildings are a persistent cost14 . An physical exercise of an industry that benefits guild by government-created monopolyC . pharmaceutical Industry15 . An example of an explicit cost of production would beB . The cost of nether surface area for a Sculptor 16 . The production decisions of perfectly competitive firms follow the principle of economics which states that rational peopleA . make the express(prenominal) production decisions in all markets17 . Which of the following statements is correctB . A firm with fixed costs essential incur economic losings if it chooses not to produce18 . The cost to produce an additional unit of outturn is a firm sC . marginal cost19 . By using the plan of it s possible to show thatD . nightspot is worse off when monopolists striation a price that maximizes their profit20 . Firms in a perfectly competitive market are said to be price takers becauseB . a firm has no incentive to charge less than the exit priceExamination Number1 . A monopolistically...If you want to get a full essay, put in it on our website: Ordercustompaper.com

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