____ 51. In Exhibit 6-7, by filling in the blanks it can be determined that the fixed costs are a…

____ 51. In Exhibit 6-7, by
filling in the blanks it can be determined that the fixed costs are
a. 3,000.
b. 200.
c. 900.
d. 0.
e. 1,000.
____ 52. In Exhibit 6-7, by
filling in the blanks it can be determined that the marginal cost of the first
unit of output is:
a. 700.
b. 1,000.
c. 200.
d. 900.
e. 3,000.
____ 53. In Exhibit 6-7, by
filling in the blanks it can be determined that the total cost of the second
unit of output is:
a. 0.
b. 1,800.
c. 1,000.
d. 700.
e. 1,200.
____ 54. In Exhibit 6-7, by
filling in the blanks, it can be determined that the marginal cost of the third
unit of output
is:
a. 700.
b. 200.
c. 2,000.
d. 1,200.
e. 0.
Exhibit 6-8 Costs schedules
for producing pizza
Pizzas
Fixed
Cost
Variable
Cost
Total
Cost
Marginal
Cost
0 $ $ $ $
1 5
2 13
3 10
4 100 140
5 20
6 85
7 215
____ 55. By filling in the
blanks in Exhibit 6-8, the total cost of producing zero pizzas is shown to be
equal to:
a. $5.
b. $95.
c. $100.
d. zero.
e. $105.
____ 56. By filling in the
blanks in Exhibit 6-8, the total cost of producing 3 pizzas is shown to be
equal to:
a. $23.
b. $100.
c. $113.
d. $105.
e. $123.
____ 57. By filling in the
blanks in Exhibit 6-8, the total cost of producing 5 pizzas is shown to be
equal to:
a. $113.
b. $100.
c. $160.
d. $105.
e. $123.
____ 58. By filling in the
blanks in Exhibit 6-8, the variable cost of producing 4 pizzas is shown to be
equal to:
a. $185.
b. $60.
c. $40.
d. $100.
e. $85.
____ 59. By filling in the
blanks in Exhibit 6-8, the fixed cost of producing 6 pizzas is shown to be
equal to:
a. $200.
b. $150.
c. $185.
d. $100.
e. $85.
____ 60. By filling in the
blanks in Exhibit 6-8, the average variable cost of producing 4 pizzas is shown
to be equal to:
a. $10.
b. $40.
c. $85.
d. $15.
e. $20.
____ 61. By filling in the
blanks in Exhibit 6-8, the average total cost of producing 5 pizzas is shown to
be equal to:
a. $160.
b. $12.
c. $32.
d. $15.
e. $85.
____ 62. By filling in the
blanks in Exhibit 6-8, the marginal cost of the fourth pizza is shown to be
equal to:
a. $10.
b. $17.
c. $23.
d. $40.
e. $15.
____ 63. By filling in the
blanks in Exhibit 6-8, the marginal cost of the sixth pizza is shown to be
equal to:
a. $15.
b. $25.
c. $10.
d. $20.
e. $85.
Exhibit 6-9 Cost schedule
for firm X
Output
Quantity
Total Fixed
Cost
Total Variable
Cost
0 $100 $ 0
1 100 50
2 100 84
3 100 108
4 100 127
5 100 150
____ 64. As shown in
Exhibit 6-9, the total cost of producing 4 units is:
a. $250.
b. $100.
c. $227.
d. zero.
____ 65. As shown in
Exhibit 6-9, the total cost of producing 5 units is:
a. $227.
b. $100.
c. $250.
d. zero.
____ 66. As shown in
Exhibit 6-9, the marginal cost of producing the third unit is:
a. $50.
b. $16.
c. $23.
d. $24.
Exhibit 6-12 Cost schedule
for producing pizza
Pizzas
Fixed
Cost
Variable
Cost
Total
Cost
0 $ $ $
1 48
2 17
3 27
4 78
5 40
6 64
7 80
____ 67. By filling in the
blanks in Exhibit 6-12, the AFC of 4 pizzas is shown to be equal to:
a. $10.
b. $9.50.
c. $78.
d. $19.50.
e. $40.
____ 68. By filling in the
blanks in Exhibit 6-12, the AFC of 3 pizzas is shown to be equal to:
a. $13.33.
b. $9.
c. $10.
d. $40.
e. $22.33.
____ 69. By filling in the
blanks in Exhibit 6-12, the AVC of 4 pizzas is shown to be equal to:
a. $19.50.
b. $40.
c. $10.
d. $78.
e. $9.50.
____ 70. By filling in the
blanks in Exhibit 6-12, the AVC of 3 pizzas is shown to be equal to:
a. $40.
b. $13.33.
c. $9.
d. $10.
e. $22.33.
____ 71. By filling in the
blanks in Exhibit 6-12, the ATC of 3 pizzas is shown to be equal to:
a. $40.
b. $10.
c. $13.33.
d. $22.33.
e. $9.
____ 72. By filling in the
blanks in Exhibit 6-12, the ATC of 4 pizzas is shown to be equal to:
a. $9.50.
b. $10.
c. $78.
d. $40.
e. $19.50.
____ 73. By filling in the
blanks in Exhibit 6-12, the marginal cost of the fourth pizza is shown to be
equal to:
a. $11.
b. $12.
c. $10.
d. $13.
e. $14.
____ 74. By filling in the
blanks in Exhibit 6-12, the marginal cost of the third pizza is shown to be
equal to:
a. $12.
b. $11.
c. $13.
d. $10.
e. $14.
____ 75. Market structure
is defined as the:
a. number of firms in each
industry.
b. ease of entry into and
exit from the market.
c. similarity of the
product sold.
d. all of the above.

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