A-Level真题每期一练（8）

上期真题答案：1.A 2.D 3.C 4.D 5.C

接下来是今天的真题，一起练起来呀~

1，A sports equipment chain of shops faces a downward sloping demand curve and is making super normal profits. The impact of a significant rise in the rent for the shopsis likely to lead to

2，A firm producing car tyres sells the largest amount possible consistent with earning normal profits. The short run objective of the firm is most likely to be

A revenue maximisation

B profit satisficing

C sales maximisation

D predatory pricing

E maximisation of shareholder dividends         

3，The diagrams represent the revenue and cost conditions for an industry and one individual profit maximising firm within the industry. You may annotate the diagrams in your answer.

Output T indicatethat the firm is making

A normal profit and price and output will remain unchanged

B supernormal profit and price will fall as new firms enter the industry

C a loss and will shut down in the short run

D a loss and will continue producing in the short run

E supernormal profit and price will rise in the long run   

4，Super normal profits being made by a perfectly competitive firm in the short runwould disappear in the long run because of

A freedom of entry into this market

B firms engaging in large scale advertising

Cdifferentiated goods

Dallocative inefficiencies

E high sunk costs.