A-Level真题每期一练（4）

上期真题答案：1.A 2.C 3.D  4.E 5.C

接下来是今天的真题，一起练起来呀~

1.A pizza restaurant faces the following demand curve (D). Which one of the following is necessarily true?

A Marginal revenue will be positive then negative as price falls

B Revenue maximisation occurs at a price of £6

C Sales are maximised at a price of £6

D Average revenue will equal zero where price elasticity of demand is unitary

E Cutting the price from £6 to £5 will increase profits       

2.The table gives information about the short run output, costs and revenue of a profit maximising firm making playground equipment. Two columns have been left blank for your own workings.

Which one of the following would be consistent with this information?

A At output level 1 average fixed cost is lower than at output level 4

B At output level 2 a profit of £9 000 is made

C At output level 4 marginal cost equals marginal revenue

D At output level 5 marginal revenue is greater than marginal cost

E At output level 6 average total cost is lower than output level 4     

3.The diagram below illustrates the demand curve faced by a chocolate bar producer in Hong Kong.

If the producer cuts the price of its chocolate bars from HK$10 to HK$8 then

A Its revenue will rise, because demand is price inelastic

B Its revenue will fall, because demand is price elastic

C Its revenue will rise, because demand is price elastic

D Its revenue will fall, because demand is price inelastic                

4.In December 2009 the Royal Mail announced that it had made a 4% increase in profits compared to 2008, despite a fall of 3 million items a day in the amount of post being sent.The most likely reason for the increase in profits was

A an increase in contestability in the postal market

B a fall in the real price of postage stamps

C a rise in nominal wages of postal workers

D a fall in employment in the Royal Mail

E external diseconomies of scale in the postal industry       

5.

 The diagram shows the costs and revenues for a profit maximising firm in a market. The most likely outcome for the firm, assuming no change in costs ordemand, is to

A Continue in business and make supernormal profit ZYWX

B Continue in business and raise the price

C Continue in business and cut the price

D Continue in business in the short run but shut down in the long run

E shut down immediately