|
|
CFA Level I：Economics - The Firm and Market Structures 精选题和学习要点
+ [3 B) k* U9 Y% w* [* @3 p. zLearning Outcome Statements (LOS) ' d2 `! B6 Y- T2 _
9 M/ a# l2 `( J5 c. M2 ]1 q9 Z
% R2 t5 m5 D" x$ ^/ }! k6 V. ^9 O/ O
6. The following equations have been developed for a company:
c4 m; l! A- t, n5 t
9 f& @, S8 P9 J* f2 A, @' nThe profit maximizing output for this firm (in units) is closest to: ) d- Q# C4 Y1 h0 R& `0 m
A. 7 8 ~. i4 r: s" w- Y0 L3 U+ Y; P
B. 8 $ v6 c. o% G% R7 }+ y; k
C. 11 ! q3 j0 C+ K. S. k: w: I. e
登录回复后可见：答案和详解
+ A" i5 U4 q. e' KAnswer：A
+ F7 |% z! H+ _. V1 g( m& L8 C4 ~) R
8 [, N+ v" e9 L; S9 B( b8 F5 w1 {/ g; d: k1 O
0 Y: z6 b6 L% r7 H9 `" }0 C% o. C7. Consider the following data for a firm operating in perfect competition.
+ Z7 G8 q A% E# B" U5 s0 H" U6 Y: c
8 g h9 |2 v7 i6 M6 J( Q
The firm’s profit-maximizing output ( in units) is most likely: / z3 K6 M3 Y; K. P* Z
A. 21 $ w- S7 L- x+ G
B. 23 8 U# \8 h/ O; X9 r' M/ w
C. in excess of 24
; w$ V- M/ F: l" h: o; x( }. R
# w+ v9 Z% j9 V4 M$ [& K% ]2 |) A6 D. W
/ l7 T& ~1 j0 u( z8. Which of the following statements concerning market structure and Herfindahl-Hirschman Index (HHI) is most accurate?
/ l& }7 x, b( DA. HHI is a useful measure of potential barriers to entry . [$ e. H+ N7 }; K0 M' C
B. Low control over prices is characteristic of oligopolies
# R" r# y4 l& a j6 J6 E7 N' YC. An HHI value of 0.006 indicates that a market is highly competitive
& o1 y. `+ `! a2 d# ]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. & G- R C. n# o$ H
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 a$ `$ s9 V! w k+ PB is incorrect; oligopolies have highly control over prices. # ^/ @( t# {- x& x
" `; U3 i% D1 g/ t3 G
! z; |) M6 v9 n6 [4 x9. In perfectly competitive industries, what is the most likely long-run effect of a permanent decrease in demand?
6 Z8 J, V! M, ]" |/ @( Z1 t- BA. Price decreases
& p) o' q! s9 {. TB. Firms incur economic losses
0 M# Q! K! ~& y& ~& @% pC. The number of firms decrease! k) J* z" u2 K1 g& j6 z
/ \0 k5 d1 @* _# x1 j! H- d3 ?8 n+ ^& m7 t0 b# ~- m
7 D+ [8 b) @! F" a
10. As compared with acting independently, a group of oligopolistic companies operating with perfect cooperation will most likely experience an increase in: ! L0 ^! P( D1 R4 O3 w
A. Both output and prices a8 x3 W( h" y( I( R- E7 M( G6 R- j
B. Output and a decrease in prices
`9 a0 s* n7 s4 KC. Prices and a decrease in output7 i1 L! D) j5 C3 K, C7 v6 e; }( k
9 C3 {6 m/ X3 d# D; Y- P* C更多CFA习题可关注：高顿CFA题库.
8 s; M- _# d% q/ [/ 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！
# z, q3 t. `0 C5 X0 \5 L7 [1 Q. r; w4 m4 @ l; \3 i6 [
|
|
[复制链接]
发表于 2016-1-27 09:59:00
发表于 2016-3-8 09:52:07
