题目内容
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[主观题]
If a firm is able to charge a higher price for its output, all else equal, the value of the marginal product of labor will decrease to offset the higher price
提问人：网友flyfish1231
发布时间：2022-01-07
题目内容
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更多“If a firm is able to charge a …”相关的问题
第2题
A firm has market power if it can
A、maximize profits
B、minimize costs.
C、influence the market price of the good it sells.
D、hire as many workers as it needs at the prevailing wage rate
第3题
A book store that has market power can
A、influence the market price for the books it sells.
B、minimize costs more efficiently than its competitors.
C、reduce its advertising budget more so than its competitors.
D、ignore profit-maximizing strategies when setting the price for its books.
第4题
The analysis of competitive firms sheds light on the decisions that lie behind the
A、demand curve.
B、supply curve.
C、way firms make pricing decisions in the not-for-profit sector of the economy.
D、way financial markets set interest rates
第5题
For any competitive market, the supply curve is closely related to the
A、preferences of consumers who purchase products in that market.
B、income tax rates of consumers in that market.
C、firms’ costs of production in that market
D、interest rates on government bonds
第6题
Suppose a firm in each of the two markets listed below were to increase its price by 20 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not?
A、corn and soybeans
B、gasoline and restaurants
C、water and cable television
D、spiral notebooks and college textbooks
第7题
Suppose a firm in each of the two markets listed below were to increase its price by 30 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not?
A、oil and natural gas
B、cable television and gasoline
C、restaurants and MP3 players
D、movie theaters and ballpoint pens
第8题
A key characteristic of a competitive market is that
A、government antitrust laws regulate competition
B、producers sell nearly identical products.
C、firms minimize total costs.
D、firms have price setting power.
第9题
Which of the following is not a characteristic of a competitive market?
A、Buyers and sellers are price takers.
B、Each firm sells a virtually identical product.
C、Entry is limited
D、Each firm chooses an output level that maximizes profits.
第10题
Which of the following is a characteristic of a competitive market?
A、There are many buyers but few sellers.
B、Firms sell differentiated products.
C、There are many barriers to entry.
D、Buyers and sellers are price takers.
