tenta 1

Assume that a producer in a perfectly competitive market has a marginal revenue equal to 150, marginal cost equal to 125 and average total costs equal to 110 (at the current quantity). What should the producer do?

Antag att en producent p en marknad med fullkomlig konkurrens har en marginalintkt lika med 150 och en marginalkostnad lika med 125 och en genomsnittlig total kostnad lika med 110 (vid nuvarande kvantitet). Vad ska producenten gra?

Which of the following statements about the isoquant for a producer is correct? Vilket av fljande pstenden rrande isokvanten fr en producent r korrekt?

There are different forms of price discirimination, but what is common for them all in terms of what is required (at least) to be successfull in price discrimination? Det finns flera olika former av prisdiskriminering, men vad r gemensamt fr dem alla i termer av vad som (minst) krvs fr att lyckas med prisdiskriminering?

What do we mean when we say that a producer has "market power"? Vad menar vi nr vi sger att en producent har "marknadsmakt"?

If all workers in a specific labour market form a labour union, they will effectively form a monopoly and Om alla arbetstagare p en viss arbetsmarknad bildar en fackfrening kommer de att utgra ett monopol och

If the price elasticity is between -1 and 0, then the demand is Om vrdet p priselasticiteten r mellan -1 och 0 s r efterfrgan

The figure depicts a case where the government has imposed a tax on pizza, which the seller has to pay. Which area in the graph corresponds to the total tax the seller has to pay? I diagrammet visas ett fall dr staten har infrt en skatt p pizza och sljaren mste betala in skatten. Vilken yta i figuren motsvarar den totala skatten som fretaget mste betala?

If an indifference curve has a constant slope then Om en indifferenskurva har en konstant lutning s

Based on the demand curve drawn in the figure above, what statement is true? Givet efterfrgekurvan ovan, vilket pstende r sant?

If price elasticity of demand is -2 then the following is true Om efterfrgans priselasticitet r -2, s r fljande pstende sant

A small consultancy firm is charging 150 per hour for their services. They use capital and labour in their production process and have estimated their marginal product of labour to MP = 24 L/4. They employ labour at the market wage of 100/hour. Mark the answer or answers that are correct below. En liten konsultbyr tar 150 per timme fr sina tjnster. De anvnder kapital och arbetskraft i sin produktionsprocess och har uppskattat sin marginalprodukt fr arbetskraften till MPL = 24-L/4. De anstller arbetskraft till marknadslnen 100/timme. Markera det eller de svar som r korrekta nedan.

Assume there are only two petrol stations in a small town. They can decide to increase price, decrease price or keep price unchanged. They set their prices without agreements or any other kind of communication, and they do not know what the competitor has decided before making their own decision. Use the payoff matrix below and mark what statement or statements below is/are correct. Note: = profit for company 1, 2 = profit for company 2 Antag att det bara finns tv bensinstationer i en liten stad. De kan vlja att hja priset, snka priset eller lta priset vara ofrndrat. De stter sina priser utan verenskommelser eller annan kommunikation, och de vet inte vad konkurrenten bestmt sig fr nr de fattar sitt eget beslut. Anvnd utfallsmatrisen nedan och markera vilket eller vilka pstenden som r korrekta. Tips: = vinst fr fretag 1, 2 = vinst fr fretag 2

Which of the following statements are true? Vilka av nedanstende pstenden r sanna?

What is the equilibrium quantity? (Demand / Efterfrgan: Q = 400 0.2P, Supply / Utbud: Q = 50 +0.1P) Vad r jmviktskvantiteten?

At what price is the price elasticity of demand -1.5? (Demand / Efterfrgan: Q = 400 0.2P, Supply / Utbud: Q = 50 +0.1P) Vid vilket pris r efterfrgans priselasticitet -1.5?

If the government imposed a price ceiling (i.e. the price cannot be higher than the ceiling) at 1000, what would the excess demand be? (Demand / Efterfrgan: Q = 400 0.2P, Supply / Utbud: Q = 50 +0.1P) Om regeringen infrde ett pristak (d.v.s. priset kan inte vara hgra n taket) p 1000, vad skulle verskottsefterfrgan vara?

What is the deadweight loss of a tax set to 300 per unit sold? (Demand / Efterfrgan: Q = 400 0.2P, Supply / Utbud: Q = 50 +0.1P) Vad r ddviktsfrlusten av en skatt p 300 per frsld enhet?

Suppose that buyers believe that the probability of the car being of high quality is 60%. What price would they at most want to pay for a car of which they do not know the quality? Antag att kpare tror att sannolikheten fr att bilen r av hg kvalitet r 60%. Vilket pris skulle de som mest vilja betala fr en bil som de inte vet kvalitn p?

Suppose instead that the expected price buyers would at most be willing to pay is 11000. At this price what would be the proportion (a number between 0 and 1) of high quality cars supplied at the market? Antag istllet att det frvntade priset som kparna som mest r villiga att betala r 11000. Vid detta pris, vad r andelen (en siffra mellan 0 och 1) av bilar av hg kvalitet som erbjuds p marknaden?

Q TC FC VC ATC AFC AVC MC 0 15 - - - 1 18 _____ (3) 2 22 _____ 3 27 _________ _________ 4 35 _____