Professional Documents
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Chapter 06
A Firm's Production Decisions and Costs in the Short Run
1. Which of the following is not a type of business organization that firms can form?
A. Sole proprietor.
B. Unlimited partnership.
C. Non-profit organization.
D. Crown corporation.
2. What is depreciation?
A. Costs that are actually paid out in money.
B. A type of explicit cost.
C. Revenue over and above all costs, including normal profits.
D. The annual cost of any asset that is expected to be in use for more than a year.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
3. What is the term for the annual cost of wear of any asset that is expected to be in use for
more than a year?
A. Diminishing returns.
B. Marginal cost.
C. Depreciation.
D. Sunk cost.
E. Explicit cost.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
6. What is the term for the costs that come from the use of the owner's own resources and
therefore are not actually paid out in money?
A. Sunk costs.
B. Explicit costs.
C. Implicit costs.
D. Depreciation.
Below are some financial data for the Do Drop In convenience store.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
The owners have put $40,000 into the business and they worked a total of 80 hours during the
week. Savings accounts are currently paying 5.2% interest and the going wage rate is $8 per
hour.
8. Refer to the information above to answer this question. According to an accountant, what is
the week's profit for the Do Drop In?
A. -$230.
B. $230.
C. $360.
D. $450.
E. $960.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
9. Refer to the information above to answer this question. What are the week's total explicit
costs for the Do Drop In?
A. $3,160.
B. $4,440.
C. $6,300.
D. $6,900.
E. $7,580.
10. Refer to the information above to answer this question. What are the week's total implicit
costs for the Do Drop In?
A. $40.
B. $680.
C. $6,300.
D. $6,900.
E. $7,580.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
11. Refer to the information above to answer this question. What is the week's economic
profit for the Do Drop In?
A. -$320.
B. -$40.
C. $280.
D. $320.
E. $1,050.
12. What is the term for the historical costs of buying plant, machinery and equipment that
have no current resale value?
A. Sunk cost.
B. Depreciation.
C. Short run cost.
D. Long run cost.
E. Implicit cost.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
17. What is the term for the surplus that is earned over and above all explicit and implicit
costs of doing business?
A. Net profits.
B. Marginal profits.
C. Economic profits.
D. Normal profits.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
20. What is the term for the period of time in which at least one input in the production
process is fixed?
A. Fixed run.
B. Variable run.
C. Long run.
D. Short run.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
22. What is the term for the increase in total product resulting from the addition of one more
unit of input?
A. Total product.
B. Marginal product.
C. Normal product.
D. Average product.
E. Variable product.
23. What term refers to the total output divided by the quantity of inputs used to produce that
total?
A. Average product.
B. Short run profits.
C. Law of diminishing returns.
D. Marginal product.
24. Which of the following statements about the marginal product of labour is correct?
A. It may either rise or fall as more labour is used.
B. It always rises as more labour is used.
C. It always falls as more labour is used.
D. There is no relationship between marginal product and labour.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
25. Which of the following statements is true about the marginal product of labour?
A. It is total output divided by the quantity of labour inputs used.
B. It is the increase in total output resulting from the use of one more unit of labour.
C. It is the increase in total output divided by the quantity of labour inputs used.
D. It is total output multiplied by the quantity of labour inputs used.
26. Which of the following statements is true about the advantages gained through the
division of labour?
A. It causes the marginal product of labour to increase, but it has no effect on the average
product of labour.
B. It was first thought of by David Ricardo in his example of a hat factory.
C. It is an idea that has little application in the real world.
D. Its application results in both the marginal and average product of labour increasing.
27. What is significant about the level of output at which marginal product begins to decline?
A. It is the point of maximum average product.
B. It is the point of minimum average cost.
C. It is the point at which the division of labour begins.
D. It is the point at which diminishing returns begins.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
28. What will happen to total product after the point of diminishing returns has been reached?
A. It will continue to rise until marginal product becomes zero.
B. It will continue to rise until marginal product begins to decline.
C. It will begin to fall.
D. It will start to rise for the first time.
29. What is the significance of the maximum point on the total product curve?
A. It is the point where the increase in output begins to slow down.
B. It is the point where diminishing returns sets in.
C. It is the point of maximum marginal product.
D. It is the point where marginal product is zero.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
31. What do economists mean by the term "the most productive output"?
A. The output where total product is at a maximum.
B. The output where average product is at a maximum.
C. The output where marginal product is at a maximum.
D. The output where marginal cost is at a minimum.
E. The output where average cost is at a minimum.
32. What is the term for dividing up the production process into specialized tasks?
A. Units of labour.
B. Separation of labour.
C. Division of labour.
D. Distinction of labour.
33. What term is used to describe the result of adding more and more units of a variable
resource to a production process where there is at least one fixed variable and the resulting
increase in output begins to decrease?
A. Depreciation.
B. The law of increasing productivity.
C. The law of marginal productivity.
D. The law of diminishing returns.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
Below are some production data for Quite Simple Products Ltd.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
35. Refer to the information above to answer this question. What is the marginal product of
the fifth unit of labour?
A. 5.
B. 20.
C. 30.
D. 38.
E. 190.
36. Refer to the information above to answer this question. What is the average product of the
sixth unit of labour?
A. 6.
B. 20.
C. 31.
D. 35.
E. 210.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
37. Refer to the previous question to answer this question. How many units of labour are
being used when diminishing returns first become evident?
A. 1.
B. 2.
C. 3.
D. 4.
E. Cannot be determined.
38. Refer to the information above to answer this question. How many units of labour are
being used when the firm is at its most productive point?
A. 1.
B. 2.
C. 4.
D. 5.
E. 7.
6-16
Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
39. Refer to the information above to answer this question. How many units of labour are
being used when the firm's marginal cost is at a minimum?
A. 1.
B. 2.
C. 3.
D. 5.
E. 8.
40. Refer to the information above to answer this question. What is the value of average
product when marginal product is zero?
A. 0.
B. 7.
C. 30.9.
D. 27.
E. Cannot be determined.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
The graph below illustrates the average and marginal product of labour for Get Smart
Enterprises.
41. Refer to the graph above to answer this question. How many units of labour does the firm
need to employ to achieve an output that minimizes marginal cost?
A. 1.
B. 3.
C. 6.
D. 9.
E. 12.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
42. Refer to the graph above to answer this question. How many units of labour does the firm
need to employ to achieve an output that minimizes average variable cost?
A. 1.
B. 3.
C. 6.
D. 9.
E. 12.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
43. Refer to the graph above to answer this question. How many units of labour does the firm
need to employ to achieve maximum output?
A. 1.
B. 3.
C. 6.
D. 9.
E. 12.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
44. Refer to the graph above to answer this question. How many units of labour does the firm
need to employ to achieve economic capacity?
A. 3.
B. 6.
C. 9.
D. 12.
E. Cannot be determined.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
45. Refer to the graph above to answer this question. At what output does diminishing returns
begin?
A. 1.
B. 6.
C. 8.
D. 11.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-03 Explain the crucial relationship between productivity and costs.
Topic: 06-04 Total, Average, and Marginal Product
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
46. Refer to the graph above to answer this question. What is the most productive output?
A. 1.
B. 6.
C. 8.
D. 11.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-03 Explain the crucial relationship between productivity and costs.
Topic: 06-04 Total, Average, and Marginal Product
47. Refer to the graph above to answer this question. What is true at maximum total output?
A. It is the most productive output.
B. It is where diminishing returns begin.
C. It is where marginal product is at a maximum.
D. It is where marginal product is zero.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-03 Explain the crucial relationship between productivity and costs.
Topic: 06-04 Total, Average, and Marginal Product
48. What is the sum of the marginal cost of all of the units produced?
A. Total cost.
B. Average cost.
C. Total variable cost.
D. Total variable cost less total fixed cost.
E. Total variable cost plus fixed cost.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
49. What is the term for the total of all costs that vary with the level of output?
A. Average variable cost.
B. Marginal cost.
C. Variable cost.
D. Total variable cost.
E. Total cost.
50. What is the term for the increase in total variable costs which results from the production
of one more unit of output?
A. Marginal cost.
B. Total variable cost.
C. Average variable cost.
D. Total cost.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
The data in the table is for a firm in which labour is the only variable cost and each unit of
labour costs the same regardless of how many units are bought.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
53. Refer to the information above to answer this question. What are the missing numbers for
TP in the second column?
A. 12, 28, 75, 140 and 150.
B. 12, 28, 70, 130 and 150.
C. 12, 60, 90, 180 and 130.
D. 8, 75, 100, 130 and 135.
E. 8, 60, 100, 135 and 150.
54. Refer to the information above to answer this question. What are the missing numbers for
MP in the third column?
A. 12, 20, 10, 5 and 0.
B. 12, 25, 5, 0 and -5.
C. 28, 50, 28.6, 42.6 and 58.6.
D. 12, 50, 28.6, 43.6 and 58.6.
E. 28, 25, 10, 5, and 0.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
55. Refer to the information above to answer this question. What are the missing numbers for
AP in the fourth column?
A. 20, 25, 20, 17.5 and -5.
B. 20, 15, 20, 17.5 and -5.
C. 10, 15, 20, 16.9 and 13.
D. 10, 25, 25, 16.9 and 0.
E. 10, 20, 20, 17.5 and -5.
56. Refer to the information above to answer this question. What is the value of TVC if 7
units of labour are used?
A. $70.
B. $100.
C. $130.2.
D. $700.
E. $910.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
57. Refer to the information above to answer this question. What is the value of MC if 5 units
of labour are used?
A. $1.50.
B. $2.
C. $4.
D. $5.
E. $20.
58. Refer to the information above to answer this question. What is the value of AVC if 3
units of labour are used?
A. $1.50.
B. $5.
C. $6.67.
D. $10.
E. $18.60.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
59. Refer to the information above to answer this question. As one reads down the TVC
column, what is the pattern in the numbers?
A. They fall until the fifth unit of labour used and then rise.
B. They rise until the fifth unit of labour used and then fall.
C. They continuously rise.
D. They continuously fall.
E. There is no clear pattern.
60. Refer to the information above to answer this question. As one reads down the MC
column, what is the pattern in the numbers?
A. They fall until the fourth unit of labour used and then rise.
B. They fall until the fifth unit of labour used and then rise.
C. They rise until the fourth unit of labour used and then fall.
D. They rise until the fifth unit of labour used and then fall.
E. They continually rise.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
61. Refer to the information above to answer this question. As one reads down the AVC
column, what is the pattern in the numbers?
A. They continuously rise.
B. They continuously fall.
C. They fall until the fifth unit of labour used and then remain unchanged.
D. They rise until the fifth unit of labour used and then remain unchanged.
E. They fall until the fifth unit of labour used and then rise with the seventh unit of labour
used.
Output $ TC
0 150
10 210
20 260
30 300
40 350
50 410
60 490
70 610
80 790
62. Refer to the information above to answer this question. What is the total variable cost of
producing 50 units of output?
A. $150.
B. $260.
C. $410.
D. Cannot be determined.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
63. Refer to the information above to answer this question. What is average variable cost
when output is 50?
A. $5.
B. $5.20.
C. $6.
D. $8.20.
64. Refer to the information above to answer this question. What is marginal cost when output
is 50?
A. $4.
B. $5.
C. $6.
D. $60.
65. Refer to the information above to answer this question. What is average fixed cost when
output is 50?
A. Zero.
B. $3.
C. $20.
D. $150.
E. Cannot be determined.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
66. Refer to the information above to answer this question. What is the value of marginal cost
at economic capacity?
A. $5.
B. $6.
C. $8.
D. $12.
E. $80.
67. Refer to the information above to answer this question. What is the most productive level
of output?
A. 30.
B. 40.
C. 50.
D. 60.
E. Cannot be determined.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
68. Refer to the information above to answer this question. What is the value of average
variable cost at the most productive output?
A. $6.
B. $5.
C. $8.
D. $8.17.
E. Cannot be determined.
69. Refer to the information above to answer this question. What is the value of average total
cost at the point of diminishing returns?
A. $5.
B. $8.17.
C. $8.71.
D. $10.
E. Cannot be determined.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
70. Refer to the information above to answer this question. What is the value of marginal cost
when MP is maximized?
A. $4.
B. $5.
C. $50.
D. $80.
E. $120.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
71. Refer to the graph above to answer this question. Which of the following statements is
correct?
A. Curve 1 illustrates marginal product while curve 3 illustrates average cost.
B. Curve 1 illustrates average cost while curve 3 illustrates marginal product.
C. Curve 2 illustrates marginal cost while curve 3 illustrates marginal product.
D. Curve 2 illustrates marginal product while curve 3 illustrates marginal cost.
E. Curves 1 and 2 are cost curves while curves 3 and 4 are product curves.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
72. Refer to the graph above to answer this question. Which of the following statements is
correct?
A. Curve 1 illustrates average product while curve 3 illustrates average variable cost.
B. Curve 1 illustrates average variable cost while curve 3 illustrates marginal product.
C. Curve 1 illustrates average product while curve 4 illustrates average variable cost.
D. Curve 2 illustrates marginal product while curve 3 illustrates average variable cost.
E. Curves 1 and 2 are cost curves while curves 3 and 4 are product curves.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
73. Refer to the graph above to answer this question. Which of the following statements is
correct?
A. Curve 1 illustrates marginal product while curve 3 illustrates average variable cost.
B. Curve 1 illustrates average variable cost while curve 3 illustrates marginal product.
C. Curve 1 illustrates average product while curve 3 illustrates average variable cost.
D. Curve 2 illustrates marginal product while curve 3 illustrates average variable cost.
E. Diminishing returns are best illustrated by curves 2 and 3.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
6-33
Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
74. Refer to the graph above to answer this question. Which of the following statements is
correct?
A. Curve 1 illustrates marginal product while curve 3 illustrates average variable cost.
B. Curve 1 illustrates average variable cost while curve 3 illustrates marginal product.
C. Curve 1 illustrates average product while curve 3 illustrates average variable cost.
D. Curve 2 illustrates marginal product while curve 3 illustrates average variable cost.
E. The most productive output is best illustrated by curves 1 and 4.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
75. Refer to the graph above to answer this question. Which of the following statements is
correct?
A. Marginal product and marginal cost reach their minimum levels at the same output.
B. Average product and average cost reach their maximum levels at the same output.
C. AVC cuts MC at the latter's minimum point.
D. AP is at a maximum when ATC is at a minimum.
E. AP is at a maximum when AVC is at a minimum.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-04 Demonstrate the important difference between fixed costs and variable costs.
Topic: 06-05 Marginal and Variable Costs
6-34
Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
"Fill in the blank" in the table below and then answering the question below.
78. Refer to the information above to answer this question. What is the value of total fixed
cost?
A. $2.
B. $6.
C. $10.
D. $20.
E. $70.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
79. Refer to the information above to answer this question. What is average total cost when
output is 2?
A. $8.
B. $11.
C. $12.
D. $14.
E. $28.
80. Refer to the information above to answer this question. What is total variable cost when
output is 3?
A. Zero.
B. $3.
C. $18.
D. $29.
E. $39.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
81. Refer to the information above to answer this question. What is marginal cost when output
is 4?
A. $6.
B. $9.
C. $13.
D. $18.
E. $22.
82. Refer to the information above to answer this question. At what output does MC = ATC?
A. 1.
B. 2.
C. 3.
D. 4.
E. 5.
6-37
Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
83. Refer to the information above to answer this question. At what output is average product
at a maximum?
A. 1.
B. 2.
C. 3.
D. 4.
E. Cannot be determined.
84. Which of the following statements regarding total fixed costs is correct?
A. When total fixed costs are graphed, the curve will rise from the origin at a constant rate.
B. When total fixed costs are graphed, the curve will be horizontal.
C. Total fixed costs equal total variable cost less total average costs.
D. Total fixed costs rise slowly at first, but then more quickly as output increases.
E. Total fixed costs equal total marginal costs plus total variable costs.
85. Which of the following statements regarding average fixed costs is correct?
A. They are constant since fixed costs are fixed.
B. They are equal to average variable cost less average total cost.
C. When graphed, they are a horizontal line.
D. When graphed, they are a straight line which comes out of the origin.
E. They fall continuously as output increases.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
88. Refer to the graph above to answer this question. Which curve illustrates marginal cost?
A. 1.
B. 2.
C. 3.
D. 4.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
89. Refer to the graph above to answer this question. Which curve illustrates average variable
cost?
A. 1.
B. 2.
C. 3.
D. 4.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
90. Refer to the graph above to answer this question. Which curve illustrates average total
cost?
A. 1.
B. 2.
C. 3.
D. 4.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
6-40
Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
91. Refer to the graph above to answer this question. Which curve illustrates average fixed
cost?
A. 1.
B. 2.
C. 3.
D. 4.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
92. Refer to the graph above to answer this question. At what output does diminishing returns
begin?
A. 40.
B. 70.
C. 80.
D. 90.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
6-41
Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
93. Refer to the graph above to answer this question. What output is the most productive
output?
A. 40.
B. 70.
C. 80.
D. 90.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
94. Refer to the graph above to answer this question. At what output is marginal product at the
maximum point?
A. 40.
B. 70.
C. 80.
D. 90.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
95. Refer to the graph above to answer this question. What output is economic capacity?
A. 40.
B. 70.
C. 80.
D. 90.
Blooms: Analyze
Blooms: Apply
Difficulty: Hard
Learning Objective: 06-05 List and graph the seven specific cost definitions used by economists.
Topic: 06-06 Total Costs and Average Total Costs
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
96. In a diagram, how is the effect of an increase in the price of a variable input illustrated?
A. The MC, AVC, ATC and AFC curves would shift down.
B. The MC, AVC, ATC and AFC curves would shift up.
C. Only the MC, AVC, and ATC curves would shift down.
D. Only the MC, AVC, and ATC curves would shift up.
Output TC ($)
0 200
5 250
15 300
20 350
23 400
25 450
97. Refer to the information above to answer this question. If total variable cost decreases by
20% at all levels of output, what is TVC when output is 15?
A. $40.
B. $80.
C. $120.
D. $160.
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
98. Refer to the information above to answer this question. If total variable cost decreases by
20% at all levels of output, what is ATC when output is 20?
A. $10
B. $12
C. $16
D. $30
E. $80
99. Refer to the information above to answer this question. If total variable cost decreases by
20% at all levels of output, what is AVC when output is 20?
A. $4
B. $6
C. $6.95
D. $16
E. $20
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Chapter 06 - A Firm's Production Decisions and Costs in the Short Run
100. Which of the following statements would be true about a firm which has excess
capacity?
A. Its average total cost would be at a minimum.
B. Its average total cost would not be at a minimum.
C. Its average total cost may or may not be at a minimum but the firm would not be at
economic capacity.
D. It would not be at capacity output, but its average total cost would be at a minimum.
E. It would need to reduce output to achieve minimum average total cost.
101. What term describes output where average total cost is at a minimum?
A. Excess capacity.
B. Economic capacity.
C. Economic profits.
D. Marginal capacity.
102. What is the term for the situation where a firm's output is less than economic capacity?
A. Capacity output.
B. Total capacity.
C. Explicit capacity.
D. Excess capacity.
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leggi, per i giudizii — Foro Civile
Pompejano — Foro Nundinario o
Triangolare — Le Nundine —
Hecatonstylon — Orologio solare
VOLUME SECONDO
CAPITOLO XII. — I Teatri — Teatro
Comico. — Passione degli antichi pel
teatro — Cause — Istrioni — Teatro
Comico od Odeum di Pompei —
Descrizione — Cavea, præcinctiones,
scalae, vomitoria — Posti assegnati alle
varie classi — Orchestra — Podii o tribune
— Scena, proscenio, pulpitum — Il sipario
— Chi tirasse il sipario — Postscenium —
Capacità dell’Odeum pompeiano — Echea
o vasi sonori — Tessere d’ingresso al
teatro — Origine del nome piccionaja al
luogo destinato alla plebe — Se gli
spettacoli fossero sempre gratuiti —
Origine de’ teatri, teatri di legno, teatri di
pietra — Il teatro Comico latino — Origini
— Sature e Atellane — Arlecchino e
Pulcinella — Rintone, Andronico ed Ennio
— Plauto e Terenzio — Giudizio
contemporaneo dei poeti comici — Diversi
generi di commedia: togatae, palliatae,
trabeatae, tunicatae, tabernariae — Le
commedie di Plauto e di Terenzio materiali
di storia — Se in Pompei si recitassero
commedie greche — Mimi e Mimiambi —
Le maschere, origine e scopo —
Introduzione in Roma — Pregiudizi contro
le persone da teatro — Leggi teatrali
repressive — Dimostrazioni politiche in
teatro — Talia musa della Commedia 5
VOLUME TERZO
CONCLUSIONE 371
1. Saturn. I, 1.
3. Pag. 9.
4. Sat. 6:
5. Lib. 3. 22:
6. Ann. 2-14. «Quelle targhe e pertiche sconce de’ barbari fra le macchie e
gli alberi non valere, come i lanciotti e le spade e l’assettata armatura.
Tirassero di punta spesso al viso.» Tr. di Bernardo Davanzati.
7. Lib. IX, 5.
12. Sc. II. 16. — «Osserva dapprima qual regime abbiano gli eserciti nostri,
quindi qual fatica e quanta cibaria portino in campo per mezzo mese ed
attrezzi d’uso; perocchè il portar il palo, lo scudo, il gladio, e l’elmo i
nostri soldati non contino nel peso, più che gli omeri, le mani e le altre
membra, afferman essi le armi essere le membra del soldato, le quali
così agevolmente portano, che dove ne fosse il bisogno, gittato il
restante peso, potrebbero coll’armi, come colle membra proprie
combattere.»
14. Nelle nostre provincie, massime nella Bresciana, esiste un pane dolciato
che si chiama bussolà, dal bucellatum romano, ma il bucellatum, come
esprime il nome, era nel mezzo bucato, onde portarlo all’uopo sospeso
o infilzato, viaggiando, sull’asta.
15.
17.
18.
23.
E già la roca
Tromba ne va per la città squillando
De la battaglia il sanguinoso accento.
Tr. Annibal Caro.
27.
28. v. 734:
34. Così Cicerone nel Lib 2, Divin, 34: Attulit in cavæ pullos, is qui ex eo
nominatur pullarius. [35]