A: the total revenue and total costs lines intersect
B: demand equals supply
C: the production of one more unit will not increase profit
D: the company can pay all of its long-term debt
E: a firm's profit goal is reached
举一反三
- Thebreak even point is located at the intersection of the total revenue line andthe total expenses line on a cost volume profit graph.
- The firm maximizes economic profit by finding the rate of output at which total revenue ________ total cost ________ . A: equals; all else constant B: plus; equals C: minus; equals zero D: exceeds; by the greatest amount.
- When economic profit is positive, A: total revenue exceeds total economic cost. B: the firm’s owners have successfully solved the principle-agent problem. C: the firm’s owners experience an increase in their wealth. D: both a and c E: all of the above
- A competitive firm maximizes profit by choosing the quantity at which ( ) A: average total cost is at its minimum. B: marginal cost equals the price. C: average total cost equals the price. D: marginal cost equals average total cost.
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
内容
- 0
The marginal product of an input in the production process is the increase in A: total revenue obtained from an additional unit of that input. B: quantity of output obtained from an additional unit of that input. C: profit obtained from an additional unit of that input. D: total revenue obtained from an additional unit of that input.
- 1
A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.
- 2
A project's payback period ends when （）. A: profit maximum is realized B: unit profit is realized C: monthly revenue exceeds monthly costs D: cumulative revenue equals cumulative costs
- 3
A project's payback period ends when ______ . A: A) profit maximum is realized B: B) unit profit is realized C: C) monthly revenue exceeds monthly costs D: D) cumulative revenue equals cumulative costs
- 4
Goy Company has a break-even point of 88,000 units. The contribution margin per unit is $9.60. The desired target profit is $18,096. How many units must be sold to achieve the desired profit?