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1、The production set of a firm is the set of all products the firm can produce.

A、对
B、错

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2、A production isoquant is a locus of combinations of inputs that are equally profitable.

A、对
B、错

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3、If a firm moves from one point on a production isoquant to another point on the same isoquant, which of the following will certainly NOT happen?

A、a change in the level of output
B、a change in the ratio in which the inputs are combined
C、a change in the marginal products of the inputs
D、a change in the rate of technical substitution

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4、In any production process, the marginal product of labor equals:

A、the value of total output minus the cost of the fixed capital stock.
B、the change in output per unit change in labor input for ‘small’ changes in the amount of input.
C、total output divided by total labor inputs.
D、total output produced wi

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5、The inverse demand curve P (x) for a good x measures the price per unit at which the quantity x would be demanded.

A、对
B、错

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6、The production function f (x,y) = x + y has constant returns to scale

A、对
B、错

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7、The production function Q = 50K0.75L0.75 exhibits

A、increasing returns to scale.
B、constant returns to scale.
C、decreasing returns to scale.
D、increasing, then diminishing returns to scale.

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8、A firm has a production function f (x,y)=1:10(x0.20 + y0.20)5 whenever x > 0 and y > 0.

A、increasing returns to scale.
B、decreasing returns to scale.
C、constant returns to scale.
D、increasing returns to scale if x + y >
1 and decreasing returns to scale otherwise.

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9、If a firm moves from one point on a production isoquant to another point on the same isoquant, which of the following will certainly NOT happen?

A、a change in the level of output
B、a change in the ratio in which the inputs are combined
C、a change in the marginal products of the inputs
D、a change in the rate of technical substitution

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10、In any production process, the marginal product of labor equals:

A、The value of total output minus the cost of the fixed capital stock.
B、the change in output per unit change in labor input for small changes in the amount of input.
C、total output divided by total labor inputs.
D、total output produced with

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