AP 微观经济学市场结构部分20 道精华题目(傅莹老师) Questions 1-2 refer to the graph below 1
If the firm produces 10 units of output, its economic profits will equal (2012,第 8题,AP 微观, Answer: B) (A) 0 (B) $50 (C) $100 (D) $150 (E) $200 2
Which of the following is most likely to occur if the firm increases production beyond 10 units
(2012,第 9 题,AP 微观, Answer: C) (A) Consumers would be willing to purchase more than 10 units at the price of $20 per unit (B) The firm would definitely experience a loss
(C) The firm would have to lower its price to sell more than 10 units
(D) The firm’s average cost of production would initially increase
(E) The firm’s profits would increase
Which of the following statements about a constant-cost perfectly competitive industry in long-run equilibrium must be true
(2012, 第