麦圭根《管理经济学》英文版题库Chapter11PriceandOutputDeteWord文件下载.docx
《麦圭根《管理经济学》英文版题库Chapter11PriceandOutputDeteWord文件下载.docx》由会员分享，可在线阅读，更多相关《麦圭根《管理经济学》英文版题库Chapter11PriceandOutputDeteWord文件下载.docx（19页珍藏版）》请在冰豆网上搜索。
$82.50
ANSWER:
c
POINTS:
1
DIFFICULTY:
Challenging
QUESTION
TYPE:
HAS
VARIABLES:
False
NATIONAL
STANDARDS:
UnitedStates-BPRPOG:
Analysis
TOPICS:
TheOptimalMarkup,ContributionMargin,andContributionMarginPercentage
KEYWORDS:
BLOOM’S:
DATE
CREATED:
6/21/20168:
45AM
MODIFIED:
2.
Land’sEndestimatesademandcurveforturtlenecksweaterstobe:
LogQ=.41+2.3LogY-3LogP
whereQisquantity,Pisprice,andYisameasureonnationalincome.
Ifthemarginalcostofimportedturtlenecksweatersis$9.00.
（HINT:
P（1+1/E）=MC）.
Theoptimalmonopolypricewouldbe:
P=$13.50
P=$26.50
P=$27.50
P=$34.50
P=$56.22
a
Moderate
PriceandOutputDeterminationforaMonopolist
3.
Decliningcostindustries
haveupwardrisingACcurves.
haveupwardrisingdemandcurves.
have∩-shapedtotalcosts.
havediseconomiesofscale.
havemarginalcostcurvesbelowtheiraveragecostcurve.
e
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
SourcesofMarketPowerforaMonopolist
Comprehension
4.
AmonopolistsellerofIrishceramicsfacesthefollowingdemandfunctionforitsproduct:
P=62-3Q.
Thefixedcostis$10andthevariablecostperunitis$2.
WhatisthemaximizingQUANTITYforthismonopoly?
MRistwiceassteepastheinversedemandcurve:
MR=62–6Q.（Pickclosestanswer）
Q=10
Q=15
Q=22
Q=37
Q=41
5.
GloboPublicSupplyhas$1,000,000inassets.
Itsdemandcurveis:
P=206-.20•Qanditstotalcostfunctionis:
TC=20,000+6•QwhereTCexcludesthecostofcapital.
IfGloboPublicSupplyisUNREGULATED,findGlobo'
soptimalprice.
$206
$106
$56
$6
$3
b
6.
Amonopolistfacesthefollowingdemandcurve:
P=12-.3Qwithmarginalcostsof$3.
WhatisthemonopolisticPRICE?
P=$5.50
P=$6.50
P=$7.50
P=$8.50
P=$9.50
6/21/20169:
15AM
7.
Innaturalmonopoly,ACcontinuouslydeclinesduetoeconomiesindistributionorinproduction,whichtendstofoundinindustrieswhichfaceincreasingreturnstoscale.
Ifpriceweresetequaltomarginalcost,then:
pricewouldequalaveragecost.
pricewouldexceedaveragecost.
pricewouldbebelowaveragecost.
pricewouldbeattheprofitmaximizinglevelfornaturalmonopoly
alloftheabove
MonopolyDefined
8.
Theprofit-maximizingmonopolist,facedwithanegative-slopingdemandcurve,willalwaysproduce:
atanoutputgreaterthantheoutputwhereaveragecostsareminimized
atanoutputshortofthatoutputwhereaveragecostsareminimized
atanoutputequaltoindustryoutputunderpurecompetition
aandc
noneoftheabove
9.
Inthecaseofpuremonopoly:
onefirmisthesoleproducerofagoodorservicewhichhasnoclosesubstitutes
thefirm'
sprofitismaximizedatthepriceandoutputcombinationwheremarginalcostequalsmarginalrevenue
thedemandcurveisalwayselastic
aandbonly
a,b,andc
d
Easy
Analytic
10.
Amonopolywillalwaysproducelessthanapurelycompetitiveindustry,ceterisparibus.
true
false
11.
Thedemandcurvefacingthefirmin____isthesameastheindustrydemandcurve.
purecompetition
monopolisticcompetition
oligopoly
puremonopoly
Knowledge
12.
Whenthecrosselasticityofdemandbetweenoneproductandallotherproductsislow,oneisgenerallyreferringtoa（n）____situation.
monopoly
substitution
13.
Ofthefollowing,whichisnotaneconomicrationaleforpublicutilityregulation?
productionprocessexhibitingincreasingreturnstoscale
constantcostindustry
avoidanceofduplicationoffacilities
protectionofconsumersfrompricediscrimination
TheEconomicRationaleforRegulation
14.
Thepracticebytelephonecompaniesofcharginglowerlong-distanceratesatnightthanduringthedayisanexampleof:
invertedblockpricing
second-degreepricediscrimination
peak-loadpricing
first-degreepricediscrimination
15.
Intheelectricpowerindustry,residentialcustomershaverelatively____demandforelectricitycomparedwithlargeindustrialusers.
Butcontrarytopricediscrimination,largeindustrialusersgenerallyarecharged____rates.
similar,similar
elastic,lower
elastic,higher
inelastic,lower
inelastic,higher
RegulatedMonopolies
16.
Whichofthefollowingisasourceofmarketpowerfor
升级会员 