Quiz Ekonomi Mikro

Currently, Mr. Anton can produce 100 pairs of sandals per week and operates in a perfectly competitive market. If the current market price is Rp35,000.00 and Mr. Anton increases his output to 110, what is his marginal revenue?

• Rp3,500.00

• Rp7,000.00

• Rp10,000.00

• Rp35,000.00

• Rp70,000.00

Maximum profit for a company is achieved when ...

• the revenue curve is tangent to the indifference curve

• TR = TC

• TR > TC

• TR is maximum

• MR - MC = 0

A company produces 7 units of output with an average total cost of Rp15,000.00. To be able to produce, the company must incur a fixed cost of Rp35,000.00. What is the average variable cost?

• Rp5,000.00

• Rp10,000.00

• Rp15,000.00

• Rp20,000.00

• Rp25,000.00

Which of the following is included as implicit costs for the company?

Based on the table above, what is the Marginal Revenue (MR) at a production quantity of 6 units?

• Rp1,400.00

• Rp500.00

• Rp700.00

• Rp800.00

• Rp900.00

The following statement is true, except ...

• the MC curve will intersect the AVC at the AVC minimum

• the AFC curve will decrease with an increase in production

• the MC curve will intersect the AC at the maximum curve

• the MC curve does not intersect the AC or AVC curves

• the VC curve will intersect the AVC at the AVC minimum

If the average cost is greater than the marginal cost, it means ...

• marginal cost always increases

• marginal cost always decreases

• marginal cost can increase or decrease

• average cost always increases

• average fixed cost remains constant

Maximum profit condition is achieved if the following conditions are met ...

At the minimum AC curve, ...

When marginal revenue is greater than marginal cost, ...