NO.PZ2022071403000015
问题如下:
Question
Three firms operate under perfect competition, producing 900 units of the same product but using different production technologies. Each company’s cost structure is indicated in the table:
Which of the following statements is most accurate? If the unit selling price is:
选项:
A.$6.00, all firms should exit the market in the long run.
B.$4.50, all firms should continue to operate in the short run, but exit the market in the long run if these conditions are expected to persist.
C.$3.00, Firm X should continue to operate in the short run, but Firms Y and Z should shut down production.
解释:
Solution
C is correct.
TR = Total Revenue; TC = Total Costs; TVC = Total Variable Costs; TFC = Total Fixed Costs
Hence, if the selling price is $3.00, total revenue for all firms will be $3.00/unit × 900 units = $2,700. Only Firm X’s variable costs are covered and it should continue operating, while Firms Y and Z should immediately shut down production.
A is incorrect. If total revenue equals or exceeds total costs, the firms should remain in the market both in the long and short run: each firm is just earning an economic profit, which includes its opportunity cost.
B is incorrect. At $4.50, total revenue is $4.50 × 900 = $4,050. Only Firms X and Y cover their variable costs; Firm Z should shut down. It is true, however, that if conditions persist, all should shut down in the long run as they won’t be covering their total costs.
中文解析:
依据英文解析截图,我们知道:
如果售价是3美元,所有公司的总收入将是3.00美元/单位× 900单位= 2700美元。只有企业X的可变成本得到支付,它应该继续运营,而企业Y和企业Z应该立即停产。
A不正确。如果总收入等于或超过总成本,那么企业在长期和短期内都应该留在市场上:每个企业都只赚取经济利润,其中包括其机会成本。
B不正确。在4.50美元时,总收益为4.50美元× 900 = 4050美元。只有公司X和公司Y支付他们的可变成本;Z公司应该关闭。然而,如果情况持续下去,从长远来看,所有这些工厂都应该关闭,因为它们无法收回全部成本。
老师课件上不是说TR=TVC时,短期也是shutdown吗?为什么C说还继续营业?