|
|
CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
6 A: [) J u" C6 t2 l& Z/ xLearning Outcome Statements (LOS)
1 I$ O( a3 e+ @( C, m- k. P4 `- s" m! ^4 M
+ } C! p4 s3 y0 S& o6 M/ \6 j
6. The following equations have been developed for a company:
* N$ g+ \% ?) A
$ [8 B. S+ w x& e( U3 u) E) M
The profit maximizing output for this firm (in units) is closest to:
3 K, b; i0 ?: D# h7 c3 ]3 S7 n' VA. 7
0 T @( j4 j% g' k5 Z3 [! oB. 8
& f+ f* O( G/ _% RC. 11
3 h) B3 R$ g( G% M, p& R9 M: w登录回复后可见：答案和详解
" _6 Z# F3 _+ ]# @Answer：A
7 t$ h% R' L! d8 f+ p3 g
[0 c; i; J) ]& S# ^% f
% G( F! S. ^+ ^+ N) q
) L4 p9 |5 D( D, m; N+ f7. Consider the following data for a firm operating in perfect competition.
# s# v0 w' t7 I8 @7 Q5 m
# F* `7 ^! s( e0 X
The firm’s profit-maximizing output ( in units) is most likely: 6 }# ?% x$ F8 K! a6 W/ @
A. 21 5 m" Z3 V6 N( v- d5 x
B. 23 7 F/ ?$ T( f9 n
C. in excess of 24
; j; _1 t& A& F' y t
( D( z3 u! R! w. l& u/ j" Q; }9 [$ e- y' i' C
5 x% g! b5 q# b2 ~7 C
8. Which of the following statements concerning market structure and Herfindahl-Hirschman Index (HHI) is most accurate?
2 ^: N+ s5 X1 d+ D! v2 N* YA. HHI is a useful measure of potential barriers to entry r; y/ g8 B9 d1 @% n7 \
B. Low control over prices is characteristic of oligopolies - `! U, x1 {( E/ x9 S! j
C. An HHI value of 0.006 indicates that a market is highly competitive1 M8 X; K5 F% }/ g; P6 C1 t+ B9 {
Answer：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. , N1 H9 y1 t! a8 F5 g
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. 2 l! @5 @+ j) `, u1 g
B is incorrect; oligopolies have highly control over prices. 1 w: t8 D# t4 x+ j5 |) j
- X$ i0 w8 B! J k' h8 d8 N. L
& e( S9 m9 l8 _' C% r# s9. In perfectly competitive industries, what is the most likely long-run effect of a permanent decrease in demand?
/ h' H% F7 p6 GA. Price decreases
6 U6 h4 X# q6 y- KB. Firms incur economic losses
. g0 d# ]6 G5 x" zC. The number of firms decrease
/ w u0 I$ R+ G, W* X% r
" h% g3 Z4 E, Z$ p
+ d2 V( I6 H4 b, t
8 ~" _1 O) h- M! i10. As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in: * _* F1 S2 A6 D H& T* o, w
A. Both output and prices
8 B6 `7 \; v2 kB. Output and a decrease in prices : a, ?1 L2 k: N
C. Prices and a decrease in output
4 y6 O# _1 l6 v5 \7 h4 Q% t3 K! n* d! I+ c' f( K
更多CFA习题可关注：高顿CFA题库.! A; q) ]; a+ D3 u/ t- V
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！) N; M2 s$ C3 P) D/ i
4 |4 J" v7 u/ Z( e/ t; m8 X |
|
[复制链接]
匿名
发表于 2019-9-26 04:35:05
发表于 2016-1-27 09:59:00
