EBK MODERN PRINCIPLES OF MICROECONOMICS
3rd Edition
ISBN: 8220103647816
Author: COWEN
Publisher: YUZU
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Chapter 8, Problem 1TPS
To determine
GDP of the countries.
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The diagram to the right contains isocost lines A and B.
If the price of capital is the same for both lines, then the
difference between isocost line A and isocost line B is that
OA. the total cost is larger along B.
B. the level of output is lower along A.
C. both capital and labour are cheaper along A.
OD. labour is more expensive along A.
○ E. labour is more expensive along B.
Capital
Labour
For the firm whose cost curves are shown at right, the
minimum efficient scale is
○ A. between 60 and 140 units of production.
OB. about 20 units of production.
OC. about 60 units of production.
OD. about 100 units of production.
OE. the level of fixed cost corresponding to SRATC2.
SRATC₁
LRAC
SRATC4
SRATC₂
SRATC3
เนด เad iso
C
20
20
40
60
80 100 120 140 160 180 200
Output per Period
SRATC₂
SRATC3
In the figure, increasing long-run average total costs for
the firm are confined to the output range
OA. where the LRAC curve is downward sloping.
B. above 80 units of output.
O C. above 50 units of output.
OD. between 50 and 80 units of output.
SRATC₁
OE. between 10 and 100 units of output.
----
SRATC
LRAC
10 20
30
40 50 60
70
80
90 100
Output per Period
Chapter 8 Solutions
EBK MODERN PRINCIPLES OF MICROECONOMICS
Ch. 8.A - Prob. 1QCh. 8 - Prob. 1FTCh. 8 - Prob. 2FTCh. 8 - Prob. 3FTCh. 8 - Prob. 4FTCh. 8 - Prob. 5FTCh. 8 - Prob. 6FTCh. 8 - Prob. 7FTCh. 8 - Prob. 8FTCh. 8 - Prob. 9FT
Ch. 8 - Prob. 10FTCh. 8 - Prob. 11FTCh. 8 - Prob. 1TPSCh. 8 - Prob. 2TPSCh. 8 - Prob. 3TPSCh. 8 - Prob. 4TPSCh. 8 - Prob. 5TPSCh. 8 - Prob. 6TPSCh. 8 - Prob. 7TPSCh. 8 - Prob. 8TPSCh. 8 - Prob. 9TPSCh. 8 - Prob. 10TPSCh. 8 - Prob. 11TPSCh. 8 - Prob. 1CCh. 8 - Prob. 2CCh. 8 - Prob. 3CCh. 8 - Prob. 4CCh. 8 - Prob. 5CCh. 8 - Prob. 6CCh. 8 - Prob. 7CCh. 8 - Prob. 8CCh. 8 - Prob. 9C
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