麦圭根《管理经济学》英文版题库Chapter8CostAnalysis.docx
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麦圭根《管理经济学》英文版题库Chapter8CostAnalysis
MultipleChoice
1. Regardingcosts,accountants _____;economists _____.
a.
identifystableandpredictablecostsfordecision-makingpurposes;measurecostsforfinancialreportingpurposes
b.
identifystableandpredictablecostsforfinancialreportingpurposes;measurecostsfordecisionmakingpurposes
c.
donotincludeopportunitycosts;includeopportunitycosts
d.
includeopportunitycosts;donotincludeopportunitycosts
e.
bothb andc
f.
bothaandd
ANSWER:
e
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
TheMeaningandMeasurementofCost
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
8/21/20161:
04PM
2. Economiesofscaleexistwheneverlong-runaveragecosts:
a.
Increaseasoutputisincreased
b.
Remainconstantasoutputisincreased
c.
Decreaseasoutputisincreased
d.
Declineandthenriseasoutputisincreased
e.
Noneoftheabove
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
EconomiesandDiseconomiesofScale
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
3. Whichofthefollowingistruewithregardstoalong-runcostfunction?
a.
Theshapeofthefirm’slong-runcostfunctionisimportantindecisionstoexpandthescaleofoperations
b.
Thelong-runaveragecostcurveisU-shaped
c.
Thelong-runaveragecostcurveisflatterthantheshort-runaveragecostcurve.
d.
Thecurveconsistsofthelowerboundaryofalltheshort-runcostcurves
e.
Alloftheabove
ANSWER:
e
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
Long-RunCostFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
4. IfTC=321+55Q-5Q2,thenaveragetotalcostatQ=10is:
a.
10.2
b.
102
c.
37.1
d.
371
e.
321
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPRPOG:
Analysis
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Analysis
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
5. Supposethattotalcostisgivenby TC=200+5Q–0.4Q2+0.001Q3
a.
Fixedcost（FC）is$200
b.
Variablecost（VC）is5Q–0.4Q2+0.001Q3
c.
Averagevariablecost（AVC）is5–0.4Q+0.001Q2
d.
Marginalcost（MC）is5–0.8Q+.003Q2
e.
Alloftheabovearecorrect
ANSWER:
e
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
6. Whatmethodofinventoryvaluationshouldbeusedforeconomicdecision-makingproblems?
a.
bookvalue
b.
originalcost
c.
currentreplacementcost
d.
costormarket,whicheverislower
e.
historicalcost
ANSWER:
c
POINTS:
1
DIFFICULTY:
Mdoerate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
TheMeaningandMeasurementofCost
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
7. Accordingtothetheoryofcost,specializationintheuseofvariableresourcesintheshort-runresultsinitiallyin:
a.
decreasingreturnsanddecliningaverageandmarginalcosts
b.
increasingreturnsanddecliningaverageandmarginalcosts
c.
increasingreturnsandincreasingaverageandmarginalcosts
d.
decreasingreturnsandincreasingaverageandmarginalcosts
e.
noneoftheabove
ANSWER:
b
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
8. Forashort-runcostfunctionwhichofthefollowingstatementsis（are）nottrue?
a.
Theaveragefixedcostfunctionismonotonicallydecreasing.
b.
Themarginalcostfunctionintersectstheaveragefixedcostfunctionwheretheaveragevariablecostfunctionisaminimum.
c.
Themarginalcostfunctionintersectstheaveragevariablecostfunctionwheretheaveragevariablecostfunctionisaminimum.
d.
Themarginalcostfunctionintersectstheaveragetotalcostfunctionwheretheaveragetotalcostfunctionisaminimum.
e.
bandc
ANSWER:
b
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
8/21/20161:
06PM
9. Thecostfunctionis:
a.
ameansforexpressingoutputasafunctionofcost
b.
ascheduleormathematicalrelationshipshowingthetotalcostofproducingvariousquantitiesofoutput
c.
similartoaprofitandlossstatement
d.
incapableinbeingdevelopedfromstatisticalregressionanalysis
e.
noneoftheabove
ANSWER:
b
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
10. Whichofthefollowingstatementsaboutcostfunctionsistrue?
a.
Variablecostswillalwaysincreaseindirectproportiontothequantityofoutputproduced.
b.
Thelesscapitalequipmentemployedintheproductionprocessrelativetolaborandotherinputs,thelongerwillbetheperiodoftimerequiredtoincreasesignificantlythescaleofoperation.
c.
Theshapeofthefirm'slong-runcostfunctionisimportantindecisionstoexpandthescaleofoperations.
d.
noneoftheabove
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
11. Whichofthefollowingstatementsconcerningtheshort-runaveragecostcurveofeconomictheoryistrue?
a.
ItisL-shaped
b.
Itis∩-shaped
c.
Itis∪-shaped
d.
Itis∧-shaped
e.
ItisM-shaped
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
Short-RunCostandProductFunctions
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
12. Possiblesourcesofeconomiesofscale（size）withinaproductionplantinclude:
a.
specializationintheuseofcapitalandlabor
b.
imperfectionsinthelabormarket
c.
transportationcosts
d.
aandb
e.
aandc
ANSWER:
a
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
EconomiesandDiseconomiesofScale
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
8/21/20161:
07PM
13. Theexistenceofdiseconomiesofscale（size）forthefirmishypothesizedtoresultfrom:
a.
transportationcosts
b.
imperfectionsinthelabormarket
c.
imperfectionsinthecapitalmarkets
d.
problemsofcoordinationandcontrolencounteredbymanagement
e.
Alloftheabove
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
EconomiesandDiseconomiesofScale
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
8/21/20161:
08PM
14. Therelevantcostineconomicdecision-makingistheopportunitycostoftheresourcesratherthantheoutlayoffundsrequiredtoobtaintheresources.
a.
true
b.
false
ANSWER:
a
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
TheMeaningandMeasurementofCost
KEYWORDS:
BLOOM’S:
Knowledge
DATE CREATED:
6/21/20168:
45AM
DATE MODIFIED:
6/21/20168:
45AM
15. ____aredefinedascostswhichareincurredregardlessofthealternativeactionchoseninadecision-makingproblem.
a.
Opportunitycosts
b.
Marginalcosts
c.
Relevantcosts
d.
Sunkcosts
e.
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