Economics

Sellers and Incentives

Dept. of Economics @ NCKU

Weng, Ming-Hung
 Q1
Which scale is more appropriate to produce
300 units in the long run? Scale
1. I
2. II ATC scale I

3. III ATC scale II

ATC scale III

300
 Q2
The table shows the long-
Outp Firm Firm Firm run total costs of 3 different
ut I II III firms. Which firm is
1 $10 $12 $8 experiencing economies of
scale through these output
2 $16 $20 $18 levels?
1. I
3 $30 $24 $30
2. II
4 $48 $28 $44 3. III
4. None of them
 Q3
How would an ethanol subsidy affect
ethanol producers and the market
(price) in the SR?
1. PQ
2. PQ
3. PQ
4. PQ
 Q4
How would an ethanol subsidy affect
ethanol producers and the market (price)
in the LR? (Q stands for industrial output)
1. PQN
2. PQN
3. PQN
4. PQN
Q5
How will tour bus
market change in
the SR when tourists
to Taiwan decreased
permanently?
1. PQ
2. PQ
3. PQ
4. PQ
Q6
How will tour bus
market change in
the LR when tourists
to Taiwan decreased
permanently?
1. PQN
2. PQN
3. PQN
4. PQN