【題目】： Which of the following statements is true? Oligopolists : Will consider the potential response of its rivals when making business decisions. all of the above. tend to produce the monopoly output and sell at the monopoly price when they are able t ...
【題目】 Suppose A, B and C are three points on a linear demand as in the figure below. The comparison of price elasticities is A B C. A B C. A = B = C. A B and B C. 答案 : A B C.
題目：Suppose the demand for gourmet coffee can be represented by a linear demand curve. When income rises cause the demand curve for gourmet coffee shift to the right parallelly: 答案：becomes less elastic at the price that prevailed before the change in income
【題目】 The kinked demand curve model assumes that a firm's rivals will follow the firm's price decreases but not its price increases. follow any price change the firm makes. follow the firm's price increases but not its price decreases. &nb ...
題目： Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1. What is the value of Nick's consumer surplus? 答案： 3
【題目】：A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm’s average total cost is $10. The firm’s marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a 【答案】：l ...
題目：In long-run equilibrium of a competitive market, the number of firms in the markets adjusts so that all of the market demand is satisfied at a price equal to 答案：minimum average total cost
【題目】： Suppose the price elasticity of demand for tickets of Taiwan High Speed Railway (THSR) is 1.5.Ceteris paribus, when THSR reduces its prices, its revenue 【解答】： will go up.
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