Managerial Economics:
A Problem-Solving Approach
2nd Edition
Test Bank
Mapping of Test Bank Multiple Choice Questions to Chapters
MC Q Chapter MC Q Chapter MC Q Chapter
1 4 51 8 101 7
2 4 52 6 102 8
3 4 53 9 103 8
4 4 54 6 104 8
5 3 55 6 105 8
6 3 56 4 106 17
7 4 57 8 107 14
8 4 58 3 108 15
9 4 59 3 109 15
10 3 60 9 110 14
11 3 61 10 111 12
12 5 62 6 112 12
13 4 63 4 113 14
14 5 64 18 114 15
15 5 65 10 115 15
16 5 66 6 116 14
17 7 67 10 117 19
18 7 68 14 118 20
19 4 69 3 119 81
20 4 70 9 120 20
21 6 71 13 121 21
22 6 72 8 122 18
23 6 73 17 123 20
24 6 74 17 124 8
25 8 75 18 125 20
26 6 76 18 126 19
27 6 77 18 127 7
28 6 78 18 128 3
29 6 79 18 129 10
30 6 80 12 130 19
31 4 81 18 131 21
32 4 82 5 132 21
33 4 83 19 133 15
34 4 84 15 134 14
35 9 85 6 135 15
36 8 86 15 136 20
37 8 87 5 137 12
38 9 88 13 138 12
39 6 89 9 139 18
40 9 90 21 140 18
41 4 91 3 141 16
42 3 92 10 142 22
43 3 93 5 143 15
44 4 94 5 144 17
45 4 95 5 145 12
46 3 96 5 146 12
47 3 97 7 147 12
48 7 98 7 148 12
49 3 99 7 149 12
50 6 100 7 150 16
Multiple-Choice Questions
1. A manufacturer produces 1,000 basketballs each day, which it sells to customers for $30 each. All costs associated with production and sales total $10,000; however, if the manufacturer were to produce one additional basketball per day, total costs would increase to $10,100. From these amounts, we can tell that
a. the firm has negative profit.
b. marginal cost equals $100. **
c. marginal cost equals $150.
d. marginal cost equals marginal revenue.
2. A retailer has to pay $9 per hour to hire 13 workers. If the retailer only needs to hire twelve workers, a wage rate of $7 per hour is sufficient. What is the marginal cost of the 13th worker?
a. $117.
b. $9.
c. $33. **
d. $84.
3. A...