...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...
...a graph of the A) minimum cost...
...C 1 Use the figure below to...
...below to answer the following question(s). Figure...
...to answer the following question(s). Figure 10.1...
...Which one of the following statements is...
...one of the following statements is false?...
...false? A) All the points above the...
...the points above the curve are unattainable....
...unattainable. B) All the points below the...
...the points below the curve are attainable....
...attainable. C) All the points below the...
...the points below the curve are inefficient....
...inefficient. D) All the points on the...
...the points on the curve involve equal...
...equal cost to the firm. E) All...
...firm. E) All the points on the...
...the points on the curve are attainable....
...Which one of the following statements is...
...one of the following statements is true?...
...is true? A) The points above the...
...The points above the curve are attainable...
...and inefficient. B) The points below the...
...The points below the curve are attainable...
...and inefficient. C) The points below the...
...The points below the curve are inefficient...
...and unattainable. D) The points on the...
...The points on the curve are efficient...
...unattainable. E) All the points on the...
...the points on the curve have equal...
...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...
...to answer the following question(s). Table 10.1...
...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...
...to answer the following question(s). Table 10.2...
...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....
...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...
...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...
...to answer the following question(s). Figure 10.3...
...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...
...upward sloping. D) the average product curve...
...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...
...Which one of the following statements is...
...one of the following statements is correct?...
...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....
...product curve. D) the slope of the...
...the slope of the marginal product curve....
...product curve. E) the difference between the...
...the difference between the total product and...
...23) Which of the following statements by...
...Which of the following statements by a...
...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...
...to answer the following question(s). Table 10.5...
...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...
...to answer the following question(s). Figure 10.5...
...10.5, which illustrates the short-run average and...
...marginal cost curves. The average variable cost...
...is represented by the curve labelled 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)...
...(MC) curve intersects the A) ATC, AVC,...
...Marginal cost is the amount that A)...
...Answer: E 38) The AFC curve shifts...
...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...
...to answer the following question(s). Figure 10.7...
...10.7, which illustrates the short-run average total...
...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...
...to answer the following question(s). Figure 10.8...
...B 14 Use the figure below to...
...below to answer the following question(s). Figure...
...to answer the following question(s). Figure 10.9...
...10.9, which illustrates the long-run average total...
...C 50) Complete the following sentence. Long-run...
...50) Complete the following sentence. Long-run total...
...cost is A) the same as long-run...
...variable cost. B) the same as long-run...

...Indicate which of the following has the...
...which of the following has the lowest...
...the following has the lowest standard molar...

...TAIT Which of the following statements is...
...Which of the following statements is concerning...
...statements is concerning the following aqueous equilibrium?...
...is concerning the following aqueous equilibrium? (aq)(aq)�...
...O3 (aq) a. The equilibrium lies to...
...equilibrium lies to the left. b. The...
...the left. b. The equilibrium lies to...
...equilibrium lies to the right. c. The...
...the right. c. The concentration of protons...
...of protons equals the concentration of aqueous...
...aqueous HNO d. The concentration of protons...
...of protons equals the concentration of nitrate....
...Answer Which of the following acids produces...
...Which of the following acids produces the...
...following acids produces the weakest conjugate base...
...CHSave Answer Match the following bases with...
...Answer Match the following bases with the...
...following bases with the corresponding conjugate acid:...
...Answer What is the pH of 3.5...
...Answer What is the pH of 1.20...
...Answer What is the solubility of lead...
...Answer What is the solubility of lead...
...Answer Which of the following elements appears...
...Which of the following elements appears in...
...half reaction in the table of standard...
...Appendix 6 of the textbook? a. Gold...
...Answer What is the value of standard...
...potential (Ecell) for the following reaction? (aq)...
...(Ecell) for the following reaction? (aq) +...
...Answer What is the value of standard...
...potential (E) for the following reaction? 3...
...(E) for the following reaction? 3 Fe(aq)...
...Answer What is the value of standard...
...energy (deltaG) of the following reaction? 3...
...(deltaG) of the following reaction? 3 Fe(aq)...

...are contained in the unit cell? Which...
...cell? Which of the following statements is...
...Which of the following statements is concerning...
...statements is concerning the unit cell of...
...unit cell of the mineral fluorite? Cations...
...fluorite? Cations occupy the lattice points of...
...lattice points of the unit cell. The...
...the unit cell. The unit cell is...
...C and D. The ionic radii of...
...be occupied by the smaller ion in...
...smaller ion in the unit cell of...
...energies, which of the following statements is...
...which of the following statements is concerning...
...statements is concerning the following reaction: +...
...is concerning the following reaction: + CHThe...
...reaction is endothermic. The reaction is exothermic....
...reaction is exothermic. The enthalpy of reaction...
...reaction is zero. The value of for...
...value of for the reaction is positive....
...positive. Which of the following substances has...
...Which of the following substances has =...
...Ozone Which of the following molecular formulae...
...Which of the following molecular formulae could...
...is present in the following molecule: H...
...present in the following molecule: H H...

...are contained in the unit cell? Which...
...cell? Which of the following statements is...
...Which of the following statements is concerning...
...statements is concerning the unit cell of...
...unit cell of the mineral fluorite? Cations...
...fluorite? Cations occupy the lattice points of...
...lattice points of the unit cell. The...
...the unit cell. The unit cell is...
...C and D. The ionic radii of...
...be occupied by the smaller ion in...
...smaller ion in the unit cell of...
...energies, which of the following statements is...
...which of the following statements is concerning...
...statements is concerning the following reaction: +...
...is concerning the following reaction: + CHThe...
...reaction is endothermic. The reaction is exothermic....
...reaction is exothermic. The enthalpy of reaction...
...reaction is zero. The value of for...
...value of for the reaction is positive....
...positive. Which of the following substances has...
...Which of the following substances has =...
...Ozone Which of the following molecular formulae...
...Which of the following molecular formulae could...
...is present in the following molecule: H...
...present in the following molecule: H H...

...copy is complete. The use of calculators...
...Multiple Choice Circle the letter corresponding to...
...letter corresponding to the most correct answer...
...2. Which of the following compounds is...
...Which of the following compounds is capable...
...H3. Which of the following solutions will...
...Which of the following solutions will have...
...solutions will have the greatest evaporation rate?...
...C D 4. The arrangement of ions...
...B. depends on the formula. C. depends...
...ions. D. all the above E. A...
...only 11. Given the enthalpies of formation...
...of formation for the following substances, determine...
...formation for the following substances, determine for...