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Presentation/PPT
27/08/2022
Question 1 1 pts
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0 multiple_choice_question 483039
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Question 2 1 pts
0 multiple_choice_question 483046
When inputs are combined so that total production has the lowest possible cost, we are observing
technical efficiency.optimal engineering.economic efficiency.average-cost production.
Question 3 1 pts
0 multiple_choice_question 483056
The Southern Tree Trimming Corporation reported an accounting profit of $35,000 and a normal rate of return of 15 percent on capital and enterprise of $30,000. The opportunity cost of labor is $15,500. What is the economic profit?
$110,500$19,500$15,000$5,000
Question 4 1 pts
0 multiple_choice_question 483053
Question 5 1 pts
0 multiple_choice_question 483065
The long-run decision is to select
the plant size to go with the fixed quantity of labor.the desired quantity of labor to go with fixed capital.the desired long-run MC curve.the desired short-run AC curve.the desired long-run AC curve.
Question 6 1 pts
0 multiple_choice_question 483062
Last spring, Coil Spring Co. reported that average fixed costs had increased, but average variable costs were unchanged. This indicates that
marginal costs are less than average variable cost but greater than average cost.fixed costs have increased.output is declining.marginal costs have increased.
Question 7 1 pts
0 multiple_choice_question 483045
Technical efficiency is
using the least-cost method of production.the method of production that minimizes physical usage of inputs according to some specific rule.the process of turning inputs into outputs.the process of minimizing output with a given level of inputs.the method of production that uses the least labor per unit of capital.
Question 8 1 pts
0 multiple_choice_question 483036
a conglomerate.an imperfect competitor.a monopoly.vertically integrated.horizontally integrated.
Question 9 1 pts
0 multiple_choice_question 483051
The cost of alternatives given up that do not carry dollar costs is
not of interest to a business enterprise.assigned a dollar value and recorded as an explicit cost.considered an implicit cost.part of economic profits.
Question 10 1 pts
0 multiple_choice_question 483040
To reduce transactions costsTo produce thingsTo organize teamsTo monitor shirkingTo reduce the costs of buying
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