接线员AP Microeconomics Practice Test Name
1. 泉州南少林寺A production possibility curve might be shifted outward by each of the following EXCEPT;
A. Increa in immigration
B. Movement toward a more open approach to free trade
C. Decrea in unemployment
D. Increa in educational levels of the general population
E. All of the above would shift the PPC outward
2. A production possibility frontier that is reprented by a straight line rather than the usual bowed shape would indicate;
A. Increasing opportunity cost
B. Decreasing opportunity cost
C. Constant opportunity cost
D. Absolute and Comparative Advantage
E. Comparative but not absolute advantage
Figure 1
3. If the current price for the perfectly competitive firm reprented in Figure 1 is $10.00, what would be the result of an increa in fixed cost on the firm’s profit maximizing price and quantity?
A. Price increa and Quantity increa
B. Price increa and Quantity decrea
C. Price constant and Quantity constant
D. Price decrea and Quantity decrea
E. Price decrea and Quantity increa
Figure 2
4. Which of the graphs shown in Figure 2 correctly demonstrate the concept of increasing opportunity cost?
A. A
B. B
C. C
D. D
E. E高级管理人才
5. If a legal price ceiling is established on a good above the existing equilibrium price, the effect would be to:
A. Rai the price of the good and lower the quantity purchad
B. Have no effect on the price or quantity of the good
C. Lower the price of the good and lower the quantity purchad
D. Rai the price of the good and rai the quantity purchad
E. Lower the price of the good and increa the quantity purchad
Figure 3
6. Chay Company Inc. is the only producer in a small town. Cost and revenue information for the Chay Company are shown in Figure 3. Chay Company would t the price of its product at;
A. $7.50
B. $6.00
C. $4.50
D. $3.75
E. $3.00
7. In Figure 3 the Chay Company would maximize profits by producing a quantity of;
A. 60
B. 100
C. 120
D. 140
E. 170
8. In Figure 3 the Chay Company will make a profit of _______;
A. $750
B. $450
C. $300
D. $150
E. $150 loss
Figure 4
Number of workers Output
0 0
1 5
2 11
3 19
4 25
5 29
6 31
7 31
8 30
台北帮厨9. Figure 4 reprents production data for a perfectly competitive firm. Bad on that data, the marginal physical product of the 4th worker is;
A. 4
B. 6
C. 8
D. 25
E. 60
10. In Figure 4 the “law of diminishing returns” ts in with the addition of the _____ worker.
A. 1
B. 2
C. 肉片动漫网4
D. 7
E. 8
11. Using the data in Figure 4, if workers are paid $35 and the product being produced lls for $10, how many workers would the Chay Company hire?
A. 1
B. 4
C. 5
D. 7
E. 8
Figure 5
12. The profit-maximizing price for a perfectly competitive firm like the one shown in Figure 5 in the long run would be;
A. A
B. B
C. C
D. D
E. E
13. In Figure 5 at a market price of A, the profit-maximizing output for a perfectly competitive firm is
A. 0
B. 1
锁阳的功效与作用
C. 2
D. 3
E. 4
14. Which of the following correctly describes the profit maximizing position for all firms regardless of the market structure under which they are operating?
A. P = MC
B. P = ATC
C. MR = MC
感谢天感谢地感谢命运让我们相遇D. MR = P
E. MR = AR
15. Which of the graphs in Figure 6 indicate that a firm can ll any or all of its output at the prevailing market price?
A. A
B. B
C. C
D. D
E. It is impossible to determine the correct answer to the question from the information given.
Figure 7
Assume that the following information is for Good A.
Price of Good A Income of Good A Quantity demanded
Consumers of Good A
$5.00 $200 20
$4.00 $175 40
