6. Refer to Table 2. Suppose the fixed cost of production rises by $500 and the price per unit is still $8. What happens to the firm's profit-maximizing output level? (A) It must fall. (B) It must rise to offset the increased cost. (C) The firm will shut down. (D) It will remain the same.

15. Suppose a negative externality exists in a market. If transactions costs are low and parties are willing to bargain, then, according to the Coase theorem, (A) An efficient solution can be reached regardless of the initial assignment of property rights. (B) An equitable solution can be reached only if property rights are assigned to the victims of pollution and not the polluters. (C) An equitable solution can be reached only if property rights are assigned to polluters and not to the victims of pollution. (D) Government intervention is necessary to reach an efficient and equitable solution.

6. Refer to Table 2. Suppose the fixed cost of production rises by $500 and the price per unit is still $8. What happens to the firm's profit-maximizing output level?
(A) It must fall.
(B) It must rise to offset the increased cost.
(C) The firm will shut down.
(D) It will remain the same.

相關試題

相關試卷

6. Refer to Table 2. Suppose the fixed cost of production rises by $500 and the price per unit is still $8. What happens to the firm's profit-maximizing output level?(A) It must fall.(B) It must rise to offset the increased cost.(C) The firm will shut down.(D) It will remain the same.

相關試題

相關試卷

6. Refer to Table 2. Suppose the fixed cost of production rises by $500 and the price per unit is still $8. What happens to the firm's profit-maximizing output level?
(A) It must fall.
(B) It must rise to offset the increased cost.
(C) The firm will shut down.
(D) It will remain the same.