文档介绍：一、pletemarketfailurealwaysexistswhen()-?()(a)consumers’esincreased(b)P2weresetasalegalmaximum(c)subsidiesontheproductincreased(d)plementaryproductincreased(e)costsofproductionweresubstantiallyloweredAnswer:,whichofthefollowingrulesshouldtheproduceralwaysfollowtousethe100workersefficiently?. Allocatehalftheworkerstorodproductionandhalftheworkerstobeamproduction.(a)Ionly(b)IIonly(c)IIIonly(d)IIandIIIonly(e)I,II,?(oodstothisconsumer.(b)Theconsumer’pactdiscsincreasedinresponsetothepricechange.(c)Theconsumer’pactdiscsisperfectlypriceelastic.(d)Theconsumer’pactdiscsisperfectlypriceinelastic.(e)Theconsumer’pactdiscsisunitpriceelastic. Answer:,afirm’sshort-runmarginalcostwilleventuallyincreasebecauseof(a)diseconomiesofscale(b)alowerproductprice(c)inefficientproduction(d)thefirm’sneedtobreakeven(e)diminishingreturnsAnswer:,themarginalrevenueproductcurveslopesdownwardaftersomepointbecauseasmoreofafactorisemployed,whichofthefollowingdeclines?(a)Marginalproduct(b)Marginalfactorcost(c)Marginalcost(d)Totaloutput(e)WageratesAnswer:A8.