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    10 views4 pages

    CH 25 Mult Choice PDF

    Uploaded by

    Stefano Fochesatto

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 4
    Chapter 25 Worksboe Resoure pricing is important beau: {A) tesue pices ae amar determinant of mney incomes, 1B) resnoe pics lloate ere resources among allem uses (©) esos prices, long with source produit, are impertan to fms in minimizing th cots. D) ofallerthe above reser ‘Which of the aiming statements et itsrats he cone of sve demand? {A} Asincome goes up the demand fr frm prods wl nrese by usmle relive aout 1B) Adeline nthe price of margarine wil educe the demand er bate. (©) Adetine inthe demand fr shoes wil case he demand fr lesbo deci ') Wen he price of guolne pes up, he dean for mote owl decking “The demand for itioe pilots rents fo he damand for airwave. Tis at isan example of A) romeo subsidy. 1B) sng marginal resource ost, (©) easy resource dim. ) the deived demande bor. Margin revenue product measures te |A) ssn by which the ora preducion ofan more worker increases fis ttl even. 1B) deste in practic tht fom mus sept sel he era cto age more work. (zen ntl reste ot renting fom he hie f ene exis wit of eres 1D) inet in tl revenue euling ome produstin of one more unio product ‘Acompetiive employer soa ie eto abr as ong us 'A) theMMRD excende the wage rt the waperaeis ess than MP. (©) average product exceeds MP. D) MC eoeeds MR Page Chapter 25 Worst Use the following to answer question 6-10: Anse the next quastn() on he basis ofthe fllong infra for Mant She Shine Paco, Assume Mad his abr its only variable input under pure compettve condos. Shoe slings ae lo sold carpe, Units of Total Marginal Total labor pmdust produit revenue o 2 3 s 6 5 0 wow sa 0 0 %0 5 8 ro 135, “ 2 2 Refer the above dt Ho many unit ouput ae produ! when wotker ar empiyed? at Bis ou D) 10 ‘Refe tbesbove dt, Whats the marginal ret of he ih waka? A) ute B) Sumis ©) duns D) Suis Refertothe sbove data At what price des each she shine sl? aa Be os B) $250 Refer othe above et Ifthe wage rate is 11, how mary weeks wil Mand ie to maxinie posite? at B2 O3 DS Page? Chapter 25 Worker 1 Reker tothe hove data Uf Maas oly xed inps is apt, th total otf whi is 30, then wha wil be Nis coonamic roti A) 882 Bsa ©) 38 D) 832 11, Asmume tte retrain labor ina eount och hat the MRC ofthe ast wrk is $16 and ex MRP {9812 On te basso sings we can sy tha ‘AD profiel te neon hiring adtona workers. 1B) pros wil be inerennd by hing fewer workers. €)- agi revere product mst excend average evens prs 1D) theremin pois 12, A pri-maximiing ir employs resources tothe pin wre: AY MRC=E. |B) Resource rice equal ret price. ©) MRP= MRC. 1) MP= prod price ‘Use the folowing to answer questions 13-16: Answer the next ques) the bass ofthe infrmationgven nthe felowing tab ‘Total Product Employment product rice ° oS 1 2 3 2 2 3 3 30 3 4 ne 5 o 3 6 a3 13, Referto the dove dita. Thisiem is ‘sling its produc ina purely competitive marke, BB) linge pron in an speedy compte mae ©) ising workers aparely compete make 1) ring works ine impefoteompetive market. Page Chater 38 Worksbeet 1M. Refer othe sbove dt Ith frm ishing workers under purely compete cones a wage ae of 22, ‘twill employ: 4) were B) 2werkere ©) Serta D) workers 1S. Refi o te above at Ie finns hiting workers under purely compete codons aa wage rate of S10, stl employ A) 2 waters. B) 3 wurkes ©) 4 werk D) Swerkes 16 Refer tthe above dt. Which othe eloing best represent he aber demand seeder this fi? @ © ® wR od WR Od WR od WR o¥ us To 8s 2 8s 3 $0 B 2 9 3 4 5 B 3B 4 BS v4 7 5 1 6 8 17. AGirm that hires resources in a purely comptitve markt is NOT NECESEARILY ‘nskimizing its profits when: ‘A the marginal revenue prodast of every resource is equal one Bi. the marginal revenve product of every resources equal ois price Cte ratio ofthe marginal revenue product of every retoure to is pice x equa to 1 D. the ratio ofthe pie of every resource tots marzinalrevense product isoqual 1 18, Assume that a purely competitive firm uses two resources, labor (L) and capital (C), to Fale prod Th which situstion would the firm be maiming roi? MRE) MRBQ, po nO A 20 30 0 Bo » io 20 © ois 15 10 10 Dv. 30 0 10 5 nva

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