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1、Figure14-9Inthefigurebelow,panel(a)depictsthelinearmarginalcostofafirminacompetitivemarket,andpanel(b)depictsthelinearmarketsupplycurveforamarketwithafixednumberofidenticalfirms.1. RefertoFigure14-9.Ifthereare300identicalfirmsinthismarket,whatlevelofoutputwillbesuppliedtoth
2、emarketwhenpriceis$1.00? a. 300 b. 6,000 c. 30,000 d. 60,000ANSWER: cDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.153-Givenagraphofacompetitivefirm’smarginalcostcurve,derivethefirm’ssupplycurveforthatgood.TOPICS: PerfectcompetitionKEYWORDS: BLOOM'S:ApplicationCUS
3、TOM ID: 001.14.3-MC-MANK082. RefertoFigure14-9.Ifthereare300identicalfirmsinthismarket,whatlevelofoutputwillbesuppliedtothemarketwhenpriceis$2.00? a. 300 b. 6,000 c. 30,000 d. 60,000ANSWER: dDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.153-Givenagraphofacompetitiv
4、efirm’smarginalcostcurve,derivethefirm’ssupplycurveforthatgood.TOPICS: PerfectcompetitionKEYWORDS: BLOOM'S:ApplicationCUSTOM ID: 002.14.3-MC-MANK083. RefertoFigure14-9.Ifthereare400identicalfirmsinthismarket,whatlevelofoutputwillbesuppliedtothemarketwhenpriceis$2.00? a.
5、10,000CopyrightCengageLearning.PoweredbyCognero.Page 39 b. 20,000 c. 40,000 d. 80,000ANSWER: dDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.153-Givenagraphofacompetitivefirm’smarginalcostcurve,derivethefirm’ssupplycurveforthatgood.TOPICS: PerfectcompetitionKEYWORDS
6、: BLOOM'S:ApplicationCUSTOM ID: 003.14.3-MC-MANK084. RefertoFigure14-9.Ifthereare600identicalfirmsinthismarket,whatisthevalueofQ1? a. 6,000 b. 12,000 c. 60,000 d. 120,000ANSWER: cDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.153-Givenagraphofacompetitivefirm’smarg
7、inalcostcurve,derivethefirm’ssupplycurveforthatgood.TOPICS: PerfectcompetitionKEYWORDS: BLOOM'S:ApplicationCUSTOM ID: 004.14.3-MC-MANK085. RefertoFigure14-9.Ifthereare100identicalfirmsinthismarket,whatisthevalueofQ2? a. 10,000 b. 20,000 c. 40,000 d. 80,000ANSWER: bDIFFI
8、CULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.153-Givenagraphofacompetitivefirm’
