Sec 13.4 MC Costs in the Short Run and in the Long Run
Sec 13.4 MC Costs in the Short Run and in the Long Run
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时间：2019-09-21
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1、1. Oneassumptionthatdistinguishesshort-runcostanalysisfromlong-runcostanalysisforaprofit-maximizingfirmisthatintheshortrun, a. outputisnotvariable. b. thenumberofworkersusedtoproducethefirm'sproductisfixed. c. thesizeofthefactoryisfixed. d. therearenofixedcosts.ANSWER: cDI
3、es. b. timehorizonunderconsideration. c. pricethefirmchargesforoutput. d. explicitbutnotimplicitcosts.ANSWER: bDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.020-Classifyafirm'scostsasfixedorvariable.TOPICS: ProducertheoryProductioncostsLongrunShortrunKEYWORDS: BLOOM'S
4、:ComprehensionCUSTOM ID: 002.13.4-MC-MANK083. Whenafactoryisoperatingintheshortrun, a. itcannotaltervariablecosts. b. totalcostandvariablecostareusuallythesame. c. averagefixedcostrisesasoutputincreases. d. itcannotadjustthequantityoffixedinputs.ANSWER: dDIFFICULTY: Mode
5、rateLEARNING OBJECTIVES: ECON.MANK.020-Classifyafirm'scostsasfixedorvariable.TOPICS: ProducertheoryProductioncostsShortrunKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 003.13.4-MC-MANK084. Thelengthoftheshortrun a. isdifferentfordifferenttypesoffirms.CopyrightCengageLearnin
6、g.PoweredbyCognero.Page 26 b. canneverexceed3years. c. canneverexceed1year. d. isalwayslessthan6months.ANSWER: aDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.020-Classifyafirm'scostsasfixedorvariable.TOPICS: ProducertheoryProductioncostsShortrunKEYWORDS: BLOOM'S:Compr
7、ehensionCUSTOM ID: 004.13.4-MC-MANK085. Howlongdoesittakeafirmtogofromtheshortruntothelongrun? a. sixmonths b. oneyear c. twoyears d. Itdependsonthenatureofthefirm.ANSWER: dDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.020-Classifyafirm'scostsasfixedorvariable.TOPICS:
