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单选题 Which of the following is an implicit cost
学科：经济学原理（5）
时间：2024-06-10 12:01:35
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题目1单选题
Which of the following is an implicit costA. Salaries paid to owners who work for the firmB. Interest on money borrowed to finance equipment purchasesC. Cash payments for raw materialsD. Foregone rent on office space owned and used by the firm
题目2单选题
Samantha has been working for a law firm and earning an annual salary of $90,000. She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $1,000. Assuming that there are no additional expenses, Samantha's annual implicit costs will equalA. $55,200B. $221,400C. $91,000D. $146,200
题目3单选题
Economists assume that the goal of the firm is toA. maximize total revenueB. maximize profitsC. minimize costsD. do all of the above
题目4单选题
The difference between accounting profit and economic profit relates toA. the manner in which revenues are definedB. how total revenue is calculatedC. the manner in which costs are definedD. the price of the good in the market
题目5单选题
In this diagram, the shift in the total product curve represents an increase in the firm'sA. costs of productionB. productivityC. diseconomiesD. market share
题目6单选题
Which of the following could explain why the total product curve shifted in this diagramA. A reduction in capital equipment available to the firmB. Labor skills have become rusty and outdated in the firmC. The firm has developed new technology in their production facilityD. The firm is now receiving a higher price for its product
题目7单选题
As Al's Radiator Co. continues to add workers, while keeping the same amount of machinery, some workers may be underutilized because they have little work to do while waiting in line to use the machinery. When this occurs, Al's Radiator Co. encountersA. economies of scaleB. diseconomies of scaleC. increasing marginal returnsD. diminishing marginal returns
题目8单选题
Which of the following costs of publishing a book is a fixed costA. Author royalties of 5% per bookB. Costs of paper and bindingC. Shipping and postageD. Composition, typesetting, and jacket design
题目9单选题
Which of the following is the best example of a variable costA. Monthly payments for hired laborB. Property tax paymentsC. Monthly rent payments for a warehouseD. Pension payments to retired workers
题目10单选题
Smith Tire Co. has total fixed costs of $100,000 per year. The firm's average variable cost is $80 for 10,000 tires. At that level of output, the firm's average total costs equalA. $90B. $100C. $110D. $120
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