|
|
CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点1 N* f4 R8 J9 R/ R# k( U J
Learning Outcome Statements (LOS)
$ k. B$ {8 t4 x" K5 q: @# N1 N& W4 _8 s9 y5 I
( `8 S" G* i+ }0 p* l6. The following equations have been developed for a company:# V6 x E0 J! h& I! i6 w) {7 V1 A9 @
: O1 f! y/ c4 V, W
The profit maximizing output for this firm (in units) is closest to: $ j8 I5 a# i G
A. 7 5 {* `1 P* k* g( }
B. 8 $ t, z# ^, U7 R
C. 11
+ U( a1 H. k! g* ?, O" A登录回复后可见：答案和详解" N( @3 H; E( Q3 A2 I: j* ~
Answer：A5 p, J$ d7 L2 A' p0 J# n6 `
% b) \' P- @/ ?% a5 q( F
' K, f- Z" w/ f) X/ d. d8 t
Z. F1 U v! x0 `* t7. Consider the following data for a firm operating in perfect competition.
3 ?3 b, \! \' ?* i/ Q
4 K4 M/ H4 @! E D) H7 \: uThe firm’s profit-maximizing output ( in units) is most likely: ) I" b. h" O2 M9 _$ E
A. 21
* ^& G" O( u5 u; f$ s u! VB. 23 " Q9 Z4 Z3 N' U+ h; T3 p" N
C. in excess of 24
2 e# q0 P1 C; M; ]
3 |6 B0 p, N; e: K' P
9 L) C. G* n7 V- J$ q' r& C
5 V8 P' M/ F, v8. Which of the following statements concerning market structure and Herfindahl-Hirschman Index (HHI) is most accurate? % ?' e* f* C. {. c& P
A. HHI is a useful measure of potential barriers to entry 4 l# o z" G: |# Q" G9 f) v: G
B. Low control over prices is characteristic of oligopolies
* E* D" t* r& B9 L; ]C. An HHI value of 0.006 indicates that a market is highly competitive
* v U1 k' ]0 DAnswer：C; the HHI value of 0.006, which is very smaller, means that the concentration of this market is low, so it is highly competitive. : r* d$ @# I. U' X5 c7 B, N
A is incorrect; HHI does not take the possibility to entry into account, so it’s not a useful measure of potential barriers to entry.
: |7 D/ C; h' U6 Y3 V9 rB is incorrect; oligopolies have highly control over prices. + \, i% L1 P# _& m! }
- \$ a. W( T @$ j; D( K5 B) ]8 ^& Q9 g
9. In perfectly competitive industries, what is the most likely long-run effect of a permanent decrease in demand? - q' m& e+ V& y# }( `0 g7 U
A. Price decreases ; F/ [& F. l( i* b, a$ f( R/ F3 z
B. Firms incur economic losses
8 c7 t( B, `& s1 kC. The number of firms decrease
" t) k: I q! I9 Y/ B% V/ F
- r9 v! d7 _; ~ X
; I9 ]1 Y. T6 l2 d8 K) u; d1 _" G3 f# V& h
10. As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in:
5 x9 q4 j6 U; v' ?3 `+ ^" kA. Both output and prices , J# l- q. E1 s4 b; b8 F
B. Output and a decrease in prices . [7 Z* A4 u" V# Q
C. Prices and a decrease in output! X) i7 G' h) u% q1 M$ g
0 _+ S7 X/ O) F# A T
更多CFA习题可关注：高顿CFA题库.
% s- J1 w, n7 B4 w关注：这里是华尔街（ID:CFA-online）公众号，每天读点金融，离梦想近一点！5 t4 X$ I9 l5 B9 q7 t, H
U! x# s4 p/ I. D. J5 f/ @
|
|
[复制链接]
发表于 2016-1-27 09:59:00
发表于 2016-3-8 09:52:07
