41、In a perfectly competitive environment, a firm achieves maximum profit at the level of production where marginal revenue and marginal revenue product of labor, respectively, are equal to:
| Marginal revenue | Marginal revenue product of labor | A. | average cost | wage rate | B. | average cost | marginal product | C. | marginal cost | wage rate | D. | marginal cost | marginal product |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD.
42、In regulating a natural monopoly, the pricing rule most commonly adopted by a regulator, and its effect on the firm's profit, respectively, are:
| Pricing rule | Effect on firm’s profit | A. | average cost pricing | the firm earns normal profit | B. | average cost pricing | the firm incurs economic loss | C. | marginal cost pricing | the firm earns normal profit | D. | marginal cost pricing | the firm incurs economic loss |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD.
43、Which of the following is the most accurate description of the determination of interest rates? Select exactly 1 answer(s) from the following:
A. The real interest rate is determined in the money market. B. The nominal interest rate is determined in the capital market. C. The real interest rate equals the nominal interest rate minus the expected inflation rate. D. The nominal interest rate equals the real interest rate plus the unexpected inflation rate.
44、The short-run effect of an increase in aggregate demand as a result of increases in government purchases on price level and real GDP, respectively, are:
| Effect on price level | Effect on real GDP | A. | increase | increase | B. | increase | no effect | C. | no effect | increase | D. | no effect | no effect |
Select exactly 1 answer(s) from the following:
A. AnswerA. B. AnswerB. C. AnswerC. D. AnswerD.
45、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst gathered the following information about a company: Cost of goods sold | $18.4 million | Average inventory | $2.5 million | Receivables turnover | 24 times | Payables payment period | 25 days |
The company's cash conversion cycle is closest to: Select exactly 1 answer(s) from the following:
A. 40 days. B. 59 days. C. 65 days. D. 90 days.
| 
发表于 2008-11-6 14:12
| 
