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. 3. Which of the following statements about a constant-cost perfectly competitive industry in long-run equilibrium must be true? . (2012, 第 10 题，AP 微观, Answer: A) (A) An increase in demand will cause no change in the long-run equilibrium price. (B) An increase in demand will cause no change in the long-run equilibrium quantity. (C) The long-run supply curve is upward sloping. (D) The long-run supply curve is perfectly inelastic. (E) The total cost of production remains the same as output increases. 4. In which of the following market structures do firms recognize their mutual interdependence? (2012,第11 题，AP 微观, Answer: A) (A) Oligopoly (B) Monopoly (C) Perfect competition (D) Unregulated natural monopoly (E) Monopsony 5. Assume that a profit-maximizing firm is perfectly competitive in both the output and the factor Markets and is at its long-run equilibrium. The firm’s output is 100 units, its total revenue is $600.00, and the fixed cost of production is $50.00. Based on this information, which ...
