The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?

Related Mcqs:

1. Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?

   A. the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.
   B. the equilibrium quantity to rise and the equilibrium price to rise
   C. the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
   D. the equilibrium quantity to rise and the equilibrium price to fall
   E. the equilibrium quantity to rise and the equilibrium price to remain constant

2. To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?

   A. an equality of trade position
   B. a favorable balance of trade
   C. a more open market
   D. a belief system

3. A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

   A. £35
   B. £15
   C. £30
   D. £60

4. The competitive firm maximize profit when it produces output up to the point where ?

   A. price equals average variable cost
   B. marginal revenue equals average revenue
   C. marginal cost equals total revenue
   D. marginal cost equals marginal revenue

5. Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?

   A. G-7 countries
   B. countries with highest productivity growth in the world since 1960
   C. countries with decreasing TFP growth since 1990s
   D. countries with the lowest information technology equipment and software index prices

6. If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?

   A. will remain the same
   B. will decrease
   C. will increase
   D. could either increase of decrease

7. A firm that makes profit in addition to normal profit is making ?

   A. Economic profit
   B. Accounting profit
   C. Normal profit
   D. supernormal profit

8. For a competitive profit-maximizing firm, the value-of-the-marginal-product curve for capital is the firm’s ?

   A. supply curve of capital
   B. demand curve for capital
   C. production function
   D. marginal cost curve

9. If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost the firm could increase profit if it ?

   A. decreased production
   B. maintained production at the current level
   C. temporarily shut down.
   D. increased production

10. There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?

    A. Mutual arrangement
    B. Quid Pro quo
    C. Bilateral arrangement
    D. common interest