...and Costs 1) The short run is...
...in which A) the firm is not...
...more workers. B) the amount of output...
...most resources. D) the quantities of some...
...make all of the decisions. Answer: D...
...Answer: D 2) The long run is...
...in which A) the firm can hire...
...can hire all the workers it wants...
...more equipment. B) the firm is able...
...total profit. C) the firm may want...
...is achieved. E) the quantities of all...
...too expensive for the firm to purchase....
...be changed in the short run. D)...
...D) in which the marginal product of...
...marginal product of the last unit of...
...last unit of the input employed exceeds...
...input employed exceeds the marginal product of...
...marginal product of the previous unit. E)...
...Answer: C 4) The total product curve...
...The total product curve is a graph...
...a graph of the A) minimum cost...
...C 1 Use the figure below to...
...below to answer the following question(s). Figure...
...Swanky's total product curve. Which one of...
...Which one of the following statements is...
...false? A) All the points above the...
...the points above the curve are unattainable....
...points above the curve are unattainable. B)...
...unattainable. B) All the points below the...
...the points below the curve are attainable....
...points below the curve are attainable. C)...
...attainable. C) All the points below the...
...the points below the curve are inefficient....
...points below the curve are inefficient. D)...
...inefficient. D) All the points on the...
...the points on the curve involve equal...
...points on the curve involve equal cost...
...equal cost to the firm. E) All...
...firm. E) All the points on the...
...the points on the curve are attainable....
...points on the curve are attainable. Answer:...
...short-run total product curve. Which one of...
...Which one of the following statements is...
...is true? A) The points above the...
...The points above the curve are attainable...
...points above the curve are attainable and...
...and inefficient. B) The points below the...
...The points below the curve are attainable...
...points below the curve are attainable and...
...and inefficient. C) The points below the...
...The points below the curve are inefficient...
...points below the curve are inefficient and...
...and unattainable. D) The points on the...
...The points on the curve are efficient...
...points on the curve are efficient and...
...unattainable. E) All the points on the...
...the points on the curve have equal...
...points on the curve have equal marginal...
...Marginal product is the change in total...
...one-unit increase in the variable input, holding...
...variable input, holding the quantity of fixed...
...one-unit increase in the quantity of fixed...
...input employed, holding the quantity of the...
...the quantity of the variable input constant....
...increase in both the quantity of variable...
...D) change in the cost of the...
...the cost of the variable input. E)...
...percent change in the amount of variable...
...A 2 Use the table below to...
...below to answer the following question(s). Table...
...Swanky's total product curve. The marginal product...
...total product curve. The marginal product that...
...be produced if the firm employed four...
...Answer: E Use the table below to...
...below to answer the following question(s). Table...
...Swanky's total product curve. The average product...
...total product curve. The average product that...
...be produced if the firm employed four...
...to 15 sweaters. The marginal product of...
...marginal product of the third worker is...
...a firm increases the total units of...
...as a result, the firm's total output...
...to 400 units. The marginal product of...
...marginal product of the sixth worker is...
...negative. B) is the slope of the...
...the slope of the total product curve....
...the total product curve. C) is always...
...B 13) If the total product of...
...is 214 and the total product of...
...is 221, then the marginal product of...
...marginal product of the fourth worker is...
...a situation where the ________ of the...
...the ________ of the last worker hired...
...falls short of the ________ of the...
...the ________ of the previous worker. A)...
...4 15) When the marginal product of...
...is greater than the average product of...
...of labour, A) the average product of...
...is increasing. B) the marginal product of...
...is increasing. C) the total product curve...
...the total product curve is negatively sloped....
...negatively sloped. D) the firm is experiencing...
...marginal returns. E) the firm is experiencing...
...Answer: A Use the figure below to...
...below to answer the following question(s). Figure...
...Swanky's average product curve. The point of...
...average product curve. The point of maximum...
...energy (E) is the only input used...
...(Q), what is the formula for average...
...energy (E) is the only input used...
..., what is the formula for marginal...
...C 19) Suppose the marginal product of...
...is less than the average product of...
...implies that A) the marginal product is...
...product is equal the average product. B)...
...average product. B) the marginal product is...
...is greater than the average product at...
...each level of the input used. C)...
...input used. C) the marginal product curve...
...the marginal product curve is upward sloping....
...upward sloping. D) the average product curve...
...the average product curve is upward sloping....
...sloping. E) both the marginal and average...
...E 20) Suppose the marginal product of...
...of energy equals the average product of...
...is maximized. D) the marginal product curve...
...the marginal product curve is upward sloping....
...Which one of the following statements is...
...Answer: C 22) The average product of...
...energy is A) the increase in total...
...product divided by the increase in energy...
...energy used. B) the total product divided...
...product divided by the quantity of energy...
...energy used. C) the slope of the...
...the slope of the total product curve....
...the total product curve. D) the slope...
...product curve. D) the slope of the...
...the slope of the marginal product curve....
...the marginal product curve. E) the difference...
...product curve. E) the difference between the...
...the difference between the total product and...
...23) Which of the following statements by...
...owner refers to the law of diminishing...
...marginal returns? A) "The higher the quality...
...A) "The higher the quality of the...
...the quality of the ingredients we use,...
...ingredients we use, the higher the cost...
...use, the higher the cost of producing...
..."If we double the size of our...
...=we can increase the number of meals...
..."We can increase the number of meals...
...less meals than the previous worker because...
...because traffic in the kitchen will get...
..."We can serve the same number of...
..."We can serve the same number of...
...by output. B) the increase in total...
...cost divided by the increase in output....
...in output. C) the increase in total...
...cost divided by the increase in labour...
...labour input, given the amount of capital....
...fixed cost. E) the increase in total...
...cost divided by the increase in variable...
...B 7 Use the table below to...
...below to answer the following question(s). Table...
...total cost schedule. The average fixed cost...
...total cost schedule. The average total cost...
...to 9 sweaters, the marginal cost of...
...of one of the 5 sweaters is...
...E 8 Use the figure below to...
...below to answer the following question(s). Figure...
...10.5, which illustrates the short-run average and...
...marginal cost curves. The average variable cost...
...average variable cost curve is represented by...
...is represented by the curve labelled A)...
...represented by the curve labelled A) A....
...E) none of the above. Answer: B...
...a minimum at the same output at...
...Answer: A 31) The range over which...
...is decreasing is the same as the...
...the same as the range over which...
...E 9 32) The vertical distance between...
...vertical distance between the TC and TVC...
...Answer: D 33) The marginal cost (MC)...
...marginal cost (MC) curve intersects the A)...
...(MC) curve intersects the A) ATC, AVC,...
...Marginal cost is the amount that A)...
...Answer: E 38) The AFC curve shifts...
...38) The AFC curve shifts upward if...
...D) all of the above. E) none...
...E) none of the above. Answer: E...
...E) none of the above. Answer: E...
...E) none of the above. Answer: E...
...E 41) In the long run, A)...
...run, A) only the scale of plant...
...E) none of the above is true....
...are present when the percentage change in...
...output A) exceeds the percentage change in...
...is less than the percentage change in...
...fudge. This indicates the presence of A)...
...market constraints. E) the law of diminishing...
...are increased at the same rate, A)...
...cost increases at the same rate as...
...cost rises at the same rate as...
...cars. This indicates the presence of A)...
...of scale. D) the law of diminishing...
...A 12 Use the figure below to...
...below to answer the following question(s). Figure...
...10.7, which illustrates the short-run average total...
...plant sizes. Which curve represents the average...
...Which curve represents the average total cost...
...total cost for the largest of the...
...the largest of the four plant sizes?...
...10.7, which illustrates the short-run average total...
...Which plant has the lowest average total...
...E) none of the above Answer: A...
...A 13 Use the figure below to...
...below to answer the following question(s). Figure...
...B 14 Use the figure below to...
...below to answer the following question(s). Figure...
...10.9, which illustrates the long-run average total...
...C 50) Complete the following sentence. Long-run...
...cost is A) the same as long-run...
...variable cost. B) the same as long-run...

...symmetry should simplify the calculations. Field Due...
...Use spheres as the gaussian surfaces When...
...When r a, the charge inside the...
...the charge inside the surface is Q...
...When r a, the charge inside the...
...the charge inside the surface is 0...
...of Charge, cont. The end view confirms...
...end view confirms the field is perpendicular...
...is perpendicular to the curved surface The...
...the curved surface The field through the...
...The field through the ends of the...
...the ends of the cylinder is 0...
...is 0 since the field is parallel...
...be perpendicular to the plane and must...
...and must have the same magnitude at...
...points equidistant from the plane Choose a...
...is perpendicular to the plane for the...
...the plane for the gaussian surface Field...
...is parallel to the curved surface and...
...no contribution to the surface area from...
...curved part of the cylinder The flux...
...of the cylinder The flux through each...
...each end of the cylinder is EA...
...EA and so the total flux is...
...1040U (Physics for the biosciences) Introduction to...
...can consider of the rod and multiply...
...we consider only the x component. dy...