Unit 3(上)· Production and Costs
下册:企业怎样用这些成本做决定——利润类型、利润最大化、停产与进出、完全竞争(3.4–3.7)。下册的每一张企业图都建立在本册的成本曲线上,建议先学完本册。
- 区分短期与长期、固定投入与可变投入 · Distinguish the short run from the long run
- 计算 TP、MP、AP,解释分工和边际报酬递减 · Calculate product measures and explain diminishing marginal returns
- 计算并画出 FC、VC、TC、AFC、AVC、ATC、MC,记住它们之间的关系 · Calculate and graph short-run costs
- 解释 MC 与 MP、AVC 与 AP 的“镜像”关系 · Connect cost curves to the production function
- 判断成本曲线在不同冲击下怎样移动 · Explain how cost curves shift
- 理解 LRATC 是怎样由短期 ATC 得到的,区分规模经济、规模报酬不变和规模不经济 · Explain LRATC and returns to scale
- 用最小有效规模(MES)解释一个市场能容纳多少企业 · Relate MES to market structure
| Term 术语 | Meaning 含义 | 中文 |
|---|---|---|
| Fixed / Variable Input | Cannot / can be changed in the short run | 固定 / 可变投入 |
| Short Run / Long Run | At least one input fixed / all inputs variable | 短期 / 长期 |
| Total / Marginal / Average Product | TP; MP = ΔTP/ΔL; AP = TP/L | 总 / 边际 / 平均产量 |
| Specialization | Dividing tasks so each worker becomes more productive | 专业化分工 |
| Diminishing Marginal Returns | Adding more of one input, others fixed, eventually lowers MP | 边际报酬递减 |
| Fixed / Variable / Total Cost | FC (paid even at q = 0); VC; TC = FC + VC | 固定 / 可变 / 总成本 |
| AFC / AVC / ATC | FC/q; VC/q; TC/q = AFC + AVC | 平均固定 / 可变 / 总成本 |
| Marginal Cost (MC) | ΔTC/Δq — cost of one more unit | 边际成本 |
| Lump-sum / Per-unit Tax | Same amount at any output (fixed cost) / paid on each unit (variable cost) | 定额税 / 从量税 |
| Long-Run ATC (LRATC) | Lowest average cost for each output when all inputs can vary | 长期平均总成本 |
| Economies / Diseconomies of Scale | LRATC falls / rises as output increases | 规模经济 / 规模不经济 |
| Increasing / Constant / Decreasing Returns to Scale | Inputs ×2 → output more than / exactly / less than ×2 | 规模报酬递增 / 不变 / 递减 |
| Minimum Efficient Scale (MES) | Smallest output at which LRATC reaches its minimum | 最小有效规模 |
3.1The Production Function 生产函数
Unit 2 的供给曲线为什么向上倾斜?答案藏在企业内部:生产更多需要更多投入,而投入的“效率”会随着数量改变。上册从一家奶茶店的后厨开始,讲清楚“产量”和“成本”;下册再用这些成本去回答“生产多少、要不要停产、行业长期会怎样”。
- Fixed input 固定投入:短期内无法改变数量的投入,例如店面、厂房、大型机器。
- Variable input 可变投入:随时可以增减的投入,例如员工工时、原材料、电力。
- Short run 短期:至少有一种投入是固定的;Long run 长期:所有投入都可以调整。
For each firm, classify the input as fixed or variable in the short run.
- 奶茶店:店面租约(签了一年)
- 奶茶店:牛奶和茶叶
- 外卖平台:按单结算的骑手
- 芯片厂:光刻机
- 网课机构:按课时付费的兼职老师
- 航空公司:已经买下的飞机
TP, MP, AP 总产量、边际产量、平均产量
一家奶茶店只有一个吧台、一台封口机,每小时的产量随员工人数变化:
| Workers (L) | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|---|
| Total product TP(杯/小时) | 0 | 10 | 25 | 45 | 60 | 70 | 75 | 75 | 72 |
| Marginal product MP | — | 10 | 15 | 20 | 15 | 10 | 5 | 0 | -3 |
| Average product AP | — | 10 | 12.5 | 15 | 15 | 14 | 12.5 | 10.7 | 9 |
- 递增阶段(第 1–3 人):一个人又摇茶又收银,手忙脚乱;三个人分工——一人点单、一人做茶、一人封口——每人都更熟练。这就是 specialization 专业化分工。
- 递减阶段(第 4–7 人):吧台就那么大,人多了开始排队等封口机,新增的人贡献越来越小。
- MP 为负(第 8 人):挤得互相碍事,总产量反而下降。理性的老板不会雇到这一步。
A pizza shop with one oven hires workers. Total output per hour is 0, 8, 20, 30, 36, 40, 42 pizzas for 0 to 6 workers. (a) What is the marginal product of the 3rd worker? (b) After which worker do diminishing marginal returns begin? (c) At what number of workers is average product at its maximum? (d) Explain why the shop's MP eventually falls even though every worker is equally skilled.
| L | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| TP | 8 | 20 | 30 | 36 | 40 | 42 |
| MP | 8 | 12 | 10 | 6 | 4 | 2 |
| AP | 8 | 10 | 10 | 9 | 8 | 7 |
奶茶店只有一个吧台和一台封口机(固定投入)。拖动滑块增加员工,看总产量、边际产量和平均产量的变化。
练习 Practice 3.1
以下为历年 AP 真题(带图的题按原题重绘),点选项即时判分并显示解析。
- Average product is increasing.
- Average product is decreasing.
- Marginal product is increasing.
- Total product is decreasing.
- Total product is at its maximum.
- A period that is less than one year
- A period that is between one year and four years
- A period that is too short for a firm to be able to change its level of output
- A period during which some inputs in a firm's production process cannot be changed
- A period during which a firm's fixed costs exceed its variable costs
- fall initially, but eventually rise
- rise initially, but eventually fall
- rise consistently due to diminishing return
- rise consistently due to the advantages of specialization
- rise consistently due to economies of scale
- greater than one
- equal to one
- equal to zero
- less than zero
- constant
- Marginal cost will decrease at a constant rate.
- Marginal cost will decrease at a diminishing rate.
- Marginal cost will increase.
- Marginal product will increase at a constant rate.
- Marginal product will increase at a diminishing rate.
- Diminishing marginal returns
- Increasing marginal returns
- Constant returns to scale
- Economies of scale
- Diseconomies of scale
- decreasing at an increasing rate
- increasing at an increasing rate
- increasing at a decreasing rate
- decreasing at a decreasing rate
- increasing at a constant rate
- Industrial sewing machines
- Leather used to make the boots
- Thread used to stitch the leather together
- Unskilled labor working in the factory
- Electricity used to power the factory
| Number of workers | Quantity of output |
|---|---|
| 0 | 0 |
| 1 | 10 |
| 2 | 25 |
| 3 | 35 |
| 4 | 40 |
| 5 | 42 |
- 1
- 2
- 3
- 4
- 5
- opportunity cost
- diminishing marginal utility in consumption
- diminishing marginal returns in production
- production possibilities
- comparative advantage
- The firm’s marginal cost will decrease.
- The firm will begin experiencing diminishing marginal returns.
- The firm’s fixed cost will increase.
- The average product of labor will be equal to zero.
- The total product of labor will decrease.
Which of the following is true about the production function as labor usage increases from L1 to L3 when all other inputs are held constant?
- There are increasing marginal returns.
- There are diminishing marginal returns.
- There are decreasing returns to scale.
- Total product is maximized when the firm hires L1 units of labor.
- Total product is maximized when the firm hires L2 units of labor.
- L1
- L2
- L3
- L4
- Cannot be determined from the graph
3.2Short-Run Production Costs 短期生产成本
把生产函数换成钱,就得到成本。老板关心的不是“多雇一个人多做几杯”,而是“多做一杯要多花多少钱”。
- Fixed cost (FC) 固定成本:不随产量变化,产量为 0 时也要付。例:房租、设备贷款、保险、营业执照。
- Variable cost (VC) 可变成本:随产量变化。例:原料、按小时付的工资、电费。产量为 0 时 VC = 0。
- Total cost (TC) = FC + VC。
| 名称 | 公式 | 含义 |
|---|---|---|
| AFC average fixed cost | FC ÷ q | 每单位分摊的固定成本,产量越大越小 |
| AVC average variable cost | VC ÷ q | 每单位的可变成本 |
| ATC average total cost | TC ÷ q = AFC + AVC | 每单位的总成本(“单位成本”) |
| MC marginal cost | ΔTC ÷ Δq = ΔVC ÷ Δq | 多生产 1 单位增加的成本(FC 不变,所以只看 VC 的变化) |
A firm's fixed cost is $100. Its total cost at each output level is given below. Complete the table.
| q | FC | VC | TC | MC | AFC | AVC | ATC |
|---|---|---|---|---|---|---|---|
| 0 | 100 | 0 | 100 | — | — | — | — |
| 1 | ? | ? | 150 | ? | ? | ? | ? |
| 2 | ? | ? | 180 | ? | ? | ? | ? |
| 3 | ? | ? | 200 | ? | ? | ? | ? |
| 4 | ? | ? | 230 | ? | ? | ? | ? |
| 5 | ? | ? | 280 | ? | ? | ? | ? |
| 6 | ? | ? | 360 | ? | ? | ? | ? |
| q | FC | VC | TC | MC | AFC | AVC | ATC |
|---|---|---|---|---|---|---|---|
| 0 | 100 | 0 | 100 | — | — | — | — |
| 1 | 100 | 50 | 150 | 50 | 100 | 50 | 150 |
| 2 | 100 | 80 | 180 | 30 | 50 | 40 | 90 |
| 3 | 100 | 100 | 200 | 20 | 33.3 | 33.3 | 66.7 |
| 4 | 100 | 130 | 230 | 30 | 25 | 32.5 | 57.5 |
| 5 | 100 | 180 | 280 | 50 | 20 | 36 | 56 |
| 6 | 100 | 260 | 360 | 80 | 16.7 | 43.3 | 60 |
Labor is a firm's only variable input, and the wage is $60 per worker per day. When the firm hires 4 workers, average product is 15 units and marginal product of the 4th worker is 12 units. Calculate (a) AVC at this output and (b) the MC of the last units produced.
The Cost Curves 成本曲线:分三步画
四条曲线一次画出来很容易乱。按下面三步,一条一条加:
- MC 穿过 AVC 和 ATC 的最低点(又是“边际拉动平均”:MC 在下方时平均值下降,在上方时平均值上升)。
- AFC 一直下降(固定成本分摊到越来越多的产量上),但永远不会到 0。
- ATC − AVC = AFC,所以两条曲线越来越靠近,但不会相交。
- ATC 的最低点在 AVC 最低点的右边,并且更高。
Using the graph, (a) what does the vertical distance AB represent, and what is its value? (b) Calculate total fixed cost. (c) Calculate total variable cost and total cost when the firm produces 8 units. (d) Explain why distance CD is shorter than distance AB.
Why MC Is U-Shaped 为什么 MC 先降后升(CED PRD-1.A.6–7)
成本曲线其实是生产函数的“镜像”。如果每个员工每小时工资 $50,那么多做一杯奶茶的成本 = 50 ÷ MP:
Cost Shifters 成本曲线的移动(CED PRD-1.A.8)
For each event, which of a bubble tea shop's cost curves (AFC, AVC, ATC, MC) shift, and in which direction?
- Rent rises from $3,000 to $4,000 per month.
- The minimum wage rises.
- The government imposes a $0.50 per-cup tax.
- A new automatic sealing machine raises each worker's productivity.
固定成本 ↑ → 只有 AFC、ATC 上移(蓝线);MC、AVC 不变。
可变成本 ↑ → AVC、ATC、MC 都上移(红线)。
per-unit tax 是可变成本 → AVC、ATC、MC 都上移 $0.5。
生产率 ↑ → MP ↑ → AVC、ATC、MC 都下移(绿线)。
Per-unit tax(从量税)每生产一单位交一次 → 是可变成本 → AVC、ATC、MC 都上移,产量下降。这是 FRQ 的高频考点。
反过来,技术进步、员工更熟练(生产率提高)会让成本曲线下移。
基准:FC = $64,最低 AVC = $6(q = 6),最低 ATC = $15(q = 8)。改变固定成本或每单位成本,虚线是原来的曲线。
练习 Practice 3.2
以下为历年 AP 真题(带图的题按原题重绘),点选项即时判分并显示解析。
- $ 0.20
- $ 3.00
- $ 5.00
- $15.00
- $45.00
- If the average total cost curve is rising, the marginal cost curve is above the average total cost curve.
- If the average total cost curve is rising, the marginal cost curve is below the average total cost curve.
- If the average total cost curve is above the marginal cost curve, the marginal cost curve is rising.
- If the average total cost curve is below the marginal cost curve, the marginal cost curve is falling.
- If the average and marginal cost curves intersect, the marginal cost curve is at a minimum.
- Spreading total fixed costs over a larger output, and constant returns
- Spreading total fixed costs over a larger output, and eventually diminishing returns
- Increasing total fixed costs and increasing returns
- Increasing average variable costs and decreasing returns
- Decreasing average variable costs and increasing returns
- $50
- $250
- $300
- $400
- $500
- Output decreases, and thus marginal cost increases.
- Output increases, and thus marginal cost increases.
- Output increases at an increasing rate, and thus the cost of producing each additional unit of output increases.
- Output increases at a decreasing rate, and thus the cost of producing each additional unit of output increases.
- Output increases at a decreasing rate, and thus the cost of producing each additional unit of output decreases.
- $5
- $10
- $20
- $25
- $50
- Marginal cost will increase.
- Average variable cost will increase.
- Average total cost will increase.
- The profit-maximizing level of output will increase.
- The profit-maximizing level of output will decrease.
- $140
- $100
- $60
- $40
- $0
- total cost is increasing
- marginal cost is increasing
- average fixed cost is decreasing
- marginal product of labor is decreasing
- long-run average total cost is decreasing
- $1
- $50
- $100
- $300
- $400
| Quantity (units) | Total cost |
|---|---|
| 0 | $30 |
| 1 | 40 |
| 2 | 47 |
| 3 | 51 |
| 4 | 59 |
- $4
- $7
- $10
- $17
- Cannot be determined from the given information
- total cost of producing Q1 units of output
- average total cost of producing Q1 units of output
- average fixed cost of producing Q1 units of output
- average variable cost of producing Q1 units of output
- amount of the firm's loss resulting from producing Q1 units of output
- L1
- L2
- L3
- L4
- L5
3.3Long-Run Production Costs 长期生产成本
短期里奶茶店只能在一个吧台上加人;长期里老板可以换更大的店、加第二台封口机,甚至开一个中央厨房。长期所有投入都可变,所有成本都是可变成本(CED PRD-1.A.9),企业要回答的问题变成了:“开多大规模最划算?”
From SRATC to LRATC 从短期 ATC 到长期 ATC
A bubble tea company is choosing among three shop sizes. Each size has its own short-run average total cost. The table shows the cost per cup at different daily outputs. Which size should the company choose for each expected output, and what is its long-run average total cost?
| Expected daily output | Small shop | Medium shop | Large shop |
|---|---|---|---|
| 200 杯 | $5.0 | $5.6 | $8.9 |
| 400 杯 | $5.8 | $4.4 | $6.5 |
| 600 杯 | $8.2 | $4.0 | $4.9 |
| 800 杯 | $12.2 | $4.4 | $4.1 |
| 预计日销量 | 小店 SRATC₁ | 中店 SRATC₂ | 大店 SRATC₃ | 最便宜 | LRATC |
|---|---|---|---|---|---|
| 200 杯 | $5.0 | $5.6 | $8.9 | 小店 | $5.0 |
| 400 杯 | $5.8 | $4.4 | $6.5 | 中店 | $4.4 |
| 600 杯 | $8.2 | $4.0 | $4.9 | 中店 | $4.0 |
| 800 杯 | $12.2 | $4.4 | $4.1 | 大店 | $4.1 |
拖动“预计日销量”,看三种店面在这个产量下每杯成本是多少,哪一种最便宜。粗蓝线 LRATC 就是“每个产量下最便宜的选择”。
Economies and Diseconomies of Scale 规模经济与规模不经济
| LRATC 随产量… | 名称 | 对应的“规模报酬” | 常见原因 |
|---|---|---|---|
| 下降 | Economies of scale 规模经济 | Increasing returns to scale:投入 ×2,产出 > ×2 | 更细的分工、大批量采购折扣、把研发和广告等大额固定成本分摊到更多产量上、用得起更先进的大型设备 |
| 不变 | Constant returns to scale 规模报酬不变 | 投入 ×2,产出正好 ×2 | 规模扩大的好处和坏处相互抵消(efficient scale 有效规模) |
| 上升 | Diseconomies of scale 规模不经济 | Decreasing returns to scale:投入 ×2,产出 < ×2 | 组织太大,沟通协调困难、管理层级过多、员工积极性下降 |
规模不经济(规模报酬递减)是长期概念:所有投入同比例增加。
一家企业完全可能在短期面临边际报酬递减,同时在长期仍处于规模经济阶段(真题 2010 Q23 就考这一点,见练习)。
The table shows a firm's long-run average total cost at different output levels.
| Output | 1,000 | 2,000 | 3,000 | 4,000 | 5,000 | 6,000 |
|---|---|---|---|---|---|---|
| LRATC ($) | 10 | 8 | 6 | 6 | 6 | 7.5 |
(a) Over which range does the firm experience economies of scale, constant returns to scale, and diseconomies of scale? (b) What is the minimum efficient scale? (c) If total market demand at a price of $6 is 6,000 units, what is the largest number of firms that can each produce at minimum efficient scale?
A bakery can vary all its inputs in the long run. The table shows output for different input combinations.
| Workers | Ovens | Loaves per day |
|---|---|---|
| 1 | 1 | 100 |
| 2 | 2 | 250 |
| 4 | 4 | 500 |
| 8 | 8 | 800 |
Identify the returns to scale for each doubling of inputs, and explain what happens to long-run average total cost if input prices are constant.
MES and Market Structure 最小有效规模与市场结构(CED PRD-1.A.12)
为什么奶茶店满街都是,而有些行业全世界只有一两家公司?关键在于:一家企业要做多大才能把成本降到最低,以及市场一共有多大。分两步看:
For each market, the table shows the quantity demanded at the price equal to the lowest possible LRATC, and the minimum efficient scale of one firm.
| Market | Quantity demanded | MES of one firm |
|---|---|---|
| Haircuts in a town 小镇理发 | 3,000 per day | 60 per day |
| Gas on a highway 高速路段加油 | 40,000 liters per day | 10,000 liters per day |
| Subway rides in a city 城市地铁 | 2 million per day | LRATC still falling at 3 million |
(a) About how many efficient firms can each market support? What market structure is likely? (b) Traffic on the highway doubles. What happens to the number of gas stations? (c) A new self-service pump lowers a gas station's MES to 5,000 liters. What happens?
调整“市场在最低成本价格下的需求量”和“一家企业的 MES”,看市场能容纳几家达到最低成本的企业。
练习 Practice 3.3
以下为历年 AP 真题(带图的题按原题重绘),点选项即时判分并显示解析。
- the doubling of all inputs doubles the output produced
- short-run average total cost decreases as output increases
- short-run average total cost remains constant as output increases
- long-run average total cost increases as output increases
- long-run average total cost decreases as output increases
- increasing returns to scale
- constant returns to scale
- diseconomies of scale
- increasing marginal cost
- decreasing profits
- upward sloping
- downward sloping
- horizontal
- vertical
- U-shaped
- Its short-run average total costs will rise.
- Its long-run average total costs will rise.
- Its long-run average total costs will fall.
- Its short-run total costs will fall.
- Its long-run total costs will fall.
- economies of scale
- increasing returns to scale
- constant returns to scale
- decreasing returns to scale
- diseconomies of scale
| Quantity of output | Total cost ($) |
|---|---|
| 0 | 0 |
| 1 | 10 |
| 2 | 20 |
| 3 | 30 |
| 4 | 40 |
| 5 | 50 |
- diseconomies of scale
- constant returns to scale
- economies of scale
- decreasing marginal cost
- increasing marginal cost
- The smallest output level at which short-run average total cost is minimized.
- The smallest output level at which short-run total cost is minimized.
- The smallest output level at which long-run average total cost is minimized.
- The largest output level at which long-run average total cost is minimized.
- The largest output level at which long-run total cost is minimized.
- horizontal and then upward sloping
- horizontal and then downward sloping
- downward sloping and then upward sloping
- continuously upward sloping
- continuously downward sloping
- Short Run: Increasing marginal returns;Long Run: Economies of scale
- Short Run: Increasing marginal returns;Long Run: Diseconomies of scale
- Short Run: Diminishing marginal returns;Long Run: Economies of scale
- Short Run: Diminishing marginal returns;Long Run: Diseconomies of scale
- Short Run: Constant marginal returns;Long Run: Diseconomies of scale
- The firm is producing at the minimum efficient scale.
- The firm must decrease its output to achieve the minimum efficient scale.
- The firm must increase its output to achieve the minimum efficient scale.
- The firm is producing at its productively efficient quantity of output.
- The firm is experiencing diseconomies of scale.
ΣSummary 本册总结与易错点
3.1 Production Function
短期 = 至少一种投入固定;长期 = 所有投入可变。MP = ΔTP/ΔL,AP = TP/L。分工 → 边际报酬递增;固定投入不够用 → 边际报酬递减(MP 下降,不一定为负)。MP > AP 时 AP 上升,MP 穿过 AP 最高点;MP = 0 时 TP 最大。3.2 Short-Run Costs · 计算
TC = FC + VC,FC 在 q = 0 时也存在。AFC = FC/q,AVC = VC/q,ATC = TC/q = AFC + AVC。MC = ΔTC/Δq = ΔVC/Δq。只有一种可变投入时 MC = w/MP,AVC = w/AP。3.2 Short-Run Costs · 图形与移动
MC 先降后升,穿过 AVC、ATC 的最低点;AFC 一直下降;ATC 与 AVC 的距离 = AFC,越来越小。固定成本(房租、定额税)变化只移动 AFC、ATC;每单位成本(工资、原料、从量税)变化移动 MC、AVC、ATC。3.3 Long-Run Costs
LRATC 是每个产量下最便宜的那条 SRATC 连成的包络线。LRATC 下降 = 规模经济,水平 = 规模报酬不变,上升 = 规模不经济。MES 是 LRATC 刚降到最低的产量;MES 相对市场需求越大,市场容得下的企业越少。公式速查
| 要算什么 | 公式 | 常见用法 |
|---|---|---|
| 边际产量 MP | ΔTP ÷ ΔL | 判断从哪个工人开始边际报酬递减 |
| 平均产量 AP | TP ÷ L | AP 最高处 MP = AP |
| 固定成本 FC | q = 0 时的 TC;或 (ATC − AVC) × q | 表格第一行、图上两条平均成本线的距离 |
| 平均成本 | AFC = FC/q,AVC = VC/q,ATC = TC/q | ATC = AFC + AVC |
| 边际成本 MC | ΔTC ÷ Δq = ΔVC ÷ Δq | 表格题相邻两行相减 |
| 由产量算成本 | MC = w ÷ MP,AVC = w ÷ AP | 产量表 + 工资的 FRQ |
| 长期平均成本 | LRATC = LRTC ÷ q | 比较两个产量的 LRATC 判断规模经济 |
- 短期/长期按日历时间划分 ✗ → 看是否还有固定投入。
- 边际报酬递减 = MP 变成负数 ✗ → MP 开始下降就是递减,此时 TP 仍在增加。
- TP 最大处 = AP 最大处 ✗ → TP 在 MP = 0 处最大,AP 在 MP = AP 处最大。
- 边际报酬递减 = 规模不经济 ✗ → 前者是短期(只加一种投入),后者是长期(所有投入一起变)。
- MC 穿过 AFC 的最低点 ✗ → MC 穿过 AVC 和 ATC 的最低点;AFC 没有最低点。
- ATC 与 AVC 之间的距离不变 ✗ → 距离 = AFC,产量越大距离越小。
- 房租或定额税上涨让 MC 上升 ✗ → 固定成本只影响 AFC 和 ATC。
- 从量税只让 ATC 上移 ✗ → 每单位成本上升,MC、AVC、ATC 都上移。
- LRATC 是各条 SRATC 最低点的连线 ✗ → 是每个产量下最低的那条 SRATC 连成的包络线。
- MES 越大,市场里企业越多 ✗ → MES 相对市场需求越大,容得下的企业越少。
✎Unit 3(上)Test 本册测验
15 道选择题,全部选自历年 AP 真题(与各节练习不重复),建议用时 18 分钟。先全部选完,再点底部“交卷”查看得分和解析。
- At least one factor of production is fixed.
- Only one factor of production is fixed.
- Some factors of production are fixed while others are variable.
- All factors of production are variable.
- All factors of production, except technology, are fixed.
- If the marginal product of labor is negative, the average product of labor must also be negative.
- If the marginal product of labor is rising, the average product of labor must be greater than the marginal product of labor.
- If the average product of labor is rising, the marginal product of labor must be rising.
- If the average product of labor is falling, the marginal product of labor must be less than the average product of labor.
- The average product of labor can never be equal to the marginal product of labor.
- there is no fixed input and costs will increase
- at least one input is fixed and eventually diminishing returns will occur
- the cost of the variable input increases when marginal product increases
- the demand for the good decreases when production is limited
- input prices increase when production increases and consumption is limited
- Average fixed cost decreases.
- Average variable cost decreases.
- Average total cost decreases.
- Marginal cost is lower than the average variable cost.
- Marginal cost is lower than the average total cost.
- ATC of producing the ninth unit is higher than $150.
- ATC of producing the ninth unit is less than $150.
- MC of producing the ninth unit is higher than $130.
- Average variable cost of producing the tenth unit is higher than $150.
- Average variable cost of producing the tenth unit is equal to $20.
- Average Total Cost: Increase;Average Variable Cost: Increase;Average Fixed Cost: Increase
- Average Total Cost: Increase;Average Variable Cost: Increase;Average Fixed Cost: Decrease
- Average Total Cost: Increase;Average Variable Cost: Decrease;Average Fixed Cost: Decrease
- Average Total Cost: Decrease;Average Variable Cost: Increase;Average Fixed Cost: Increase
- Average Total Cost: Decrease;Average Variable Cost: Decrease;Average Fixed Cost: Decrease
| Output | TVC | TFC |
|---|---|---|
| 0 | 0 | 9 |
| 1 | 3 | 9 |
| 2 | 8 | 9 |
| 3 | 15 | 9 |
| 4 | 26 | 9 |
| 5 | 38 | 9 |
- Average Variable Cost: 5;Marginal Cost: 6
- Average Variable Cost: 5;Marginal Cost: 7
- Average Variable Cost: 6;Marginal Cost: 5
- Average Variable Cost: 7;Marginal Cost: 7
- Average Variable Cost: 7;Marginal Cost: 6
| Output | Average variable cost | Average total cost |
|---|---|---|
| 1 | $40 | $160 |
| 2 | 35 | 95 |
| 3 | 40 | 80 |
| 4 | 45 | 75 |
| 5 | 50 | 74 |
| 6 | 55 | 75 |
- $120
- $95
- $75
- $50
- $30
| Output | Total cost ($) |
|---|---|
| 0 | 100 |
| 15 | 150 |
| 25 | 225 |
The average variable cost of producing 25 units of output is
- $4.00
- $5.00
- $7.50
- $9.00
- $10.00
| Number of cases | Total cost ($) |
|---|---|
| 0 | 15 |
| 1 | 25 |
| 2 | 45 |
| 3 | 75 |
| 4 | 115 |
| 5 | 165 |
- 1
- 2
- 3
- 4
- 5
| Units of labor input | Units of output |
|---|---|
| 1 | 8 |
| 2 | 20 |
| 3 | 30 |
- $1
- $2
- $7
- $40
- $120
| Quantity of output produced (units) | Total variable cost ($) | Total cost ($) |
|---|---|---|
| 1 | 100 | 200 |
| 2 | 190 | 290 |
| 3 | 270 | 370 |
| 4 | 340 | 440 |
| 5 | 420 | 520 |
| 6 | 510 | 610 |
| 7 | 610 | 710 |
- 7th
- 6th
- 5th
- 4th
- 3rd
- Fixed cost
- Long-run total cost
- Long-run average total cost
- Marginal cost
- Marginal revenue
- U-shaped
- upward sloping
- downward sloping
- horizontal
- below the marginal cost curve
- operating in an industry with low barriers to entry
- experiencing increasing returns to scale
- producing at the minimum efficient scale
- experiencing constant returns to scale
- experiencing diseconomies of scale
FRQFree-Response Practice 自由问答
前两道是 AP 真题(产量表 + 成本,是本册最常见的 FRQ 形式),最后一道是原创综合题。先在纸上完整作答,再展开对照。
The table below shows the output a firm produces using different amounts of capital (K) and labor (L). The markets for capital and labor are perfectly competitive. The rental rate of capital is $75 per unit, and the wage rate is $200 per unit. In the short run, capital is fixed and labor is variable.
| Labor | Output with K = 1 | Output with K = 2 |
|---|---|---|
| 0 | 0 | 0 |
| 1 | 10 | 20 |
| 2 | 25 | 50 |
| 3 | 38 | 75 |
(a) If the firm uses one unit of capital and one unit of labor, will it be operating with constant, increasing, or decreasing returns to scale? Explain using numbers from the table.
(b) Assume now that the firm currently has two units of capital and is using three units of labor.
(i) Calculate the marginal product for the third unit of labor. Show your work.
(ii) Did the firm experience diminishing marginal returns with the addition of the third unit of labor? Explain using numbers from the table.
(iii) Calculate the firm's average total cost for its current level of production. Show your work.
(iv) If the firm's output is sold in a competitive market, what is the lowest output price at which the third unit of labor would be hired?
| Point | 得分要求与解析(依照 College Board 官方 Scoring Guidelines 整理) |
|---|---|
| (a) 1 pt | Increasing returns to scale:K、L 都从 1 翻倍到 2,产量从 10 增加到 50(超过翻倍);或者 ATC 从 (75 + 200) ÷ 10 = $27.50 降到 (150 + 400) ÷ 50 = $11。 |
| (b)(i) 1 pt | MP = (75 − 50) ÷ (3 − 2) = 25。 |
| (b)(ii) 1 pt | Yes:第 3 个工人的 MP(25)小于第 2 个工人的 MP(50 − 20 = 30)。 |
| (b)(iii) 1 pt | ATC = (2 × 75 + 3 × 200) ÷ 75 = 750 ÷ 75 = $10(或 AFC 2 + AVC 8)。 |
| (b)(iv) 1 pt | 第 3 个工人多生产 25 单位,这 25 单位的边际成本 = 200 ÷ 25 = $8;价格至少等于 MC 才值得雇 → P = $8(等价地:P × 25 ≥ $200)。 |
The table provided shows the short-run production function for Lowen Feline, a profit-maximizing firm that produces cat food. Lowen Feline sells as many bags of cat food as it wants at a market price of $10 per bag and hires as many workers as it wants at a market wage of $18.
| Number of Workers | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Quantity of Cat Food (bags) | 0 | 5 | 12 | 18 | 23 | 27 | 30 | 32 | 33 | 32 |
(a) Lowen Feline's fixed cost is $90. Calculate the average fixed cost if Lowen Feline hires 6 workers. Show your work.
(b) Assume labor is the only variable input to Lowen Feline. Calculate the marginal cost if Lowen Feline increases output from 27 to 30 units. Show your work.
(c) With the hiring of which worker do diminishing marginal returns begin? Explain using numbers.
(d) Determine the profit-maximizing number of workers Lowen Feline will hire. Explain using marginal analysis.
(e) In the long run, a rival company, Gato Food, increases its production from 40 to 50 units, and its total cost increases from $600 to $900. Over the output range of 40 to 50 units, is Gato Food experiencing economies of scale, diseconomies of scale, or constant returns to scale? Explain using numbers.
| Workers | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| MP | 5 | 7 | 6 | 5 | 4 | 3 | 2 | 1 | −1 |
| MC = 18 ÷ MP | 3.6 | 2.57 | 3 | 3.6 | 4.5 | 6 | 9 | 18 | — |
| Point | 评分要点与解析(本讲义按官方题目自行整理,非官方评分标准) |
|---|---|
| (a) 1 pt | 6 个工人生产 30 袋:AFC = 90 ÷ 30 = $3。 |
| (b) 1 pt | 从 27 到 30 袋要多雇 1 个工人(第 6 个),多花 $18:MC = 18 ÷ (30 − 27) = $6。 |
| (c) 1 pt | 第 3 个工人:MP 从第 2 个工人的 7 降到第 3 个工人的 6。 |
| (d) 1 pt | 7 个工人。第 7 个工人带来的 2 袋的 MC = 18 ÷ 2 = $9 < P = MR = $10,值得雇;第 8 个工人的 MC = 18 ÷ 1 = $18 > $10,不雇。(等价地:第 7 个工人带来收入 10 × 2 = $20 > 工资 $18,第 8 个只带来 $10 < $18。) |
| (e) 1 pt | Diseconomies of scale:LRATC 从 600 ÷ 40 = $15 升到 900 ÷ 50 = $18。 |
A bakery produces cakes. In the short run, its oven is fixed and the fixed cost is $60 per day. The table shows the bakery's total cost.
| Cakes per day | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|---|
| Total cost ($) | 60 | 90 | 110 | 125 | 145 | 175 | 215 |
(a) Calculate the marginal cost of the 4th cake. Show your work.
(b) Assume labor is the only variable input. With the production of which cake do diminishing marginal returns begin? Explain using numbers.
(c) Calculate the average variable cost and the average total cost of producing 5 cakes. Show your work.
(d) At what output is average total cost minimized? Explain using the relationship between marginal cost and average total cost.
(e) The city charges the bakery a license fee of $30 per day, no matter how many cakes it bakes. At 5 cakes, will average variable cost, average total cost, and marginal cost increase, decrease, or stay the same?
(f) Instead, the price of flour rises so that every cake costs $2 more to produce. Will marginal cost and average fixed cost increase, decrease, or stay the same?
(g) In the long run, the owner can build a bigger kitchen. With the bigger kitchen, producing 12 cakes per day costs $360 in total. Compared with producing 5 cakes in the current kitchen, is the bakery experiencing economies of scale, diseconomies of scale, or constant returns to scale? Explain using numbers.
| q | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| MC | 30 | 20 | 15 | 20 | 30 | 40 |
| AVC | 30 | 25 | 21.67 | 21.25 | 23 | 25.83 |
| ATC | 90 | 55 | 41.67 | 36.25 | 35 | 35.83 |
| Point | 得分要求与解析 |
|---|---|
| (a) 1 pt | MC4 = 145 − 125 = $20。 |
| (b) 1 pt | 第 4 个蛋糕:MC 依次为 30、20、15、20,第 4 个蛋糕的 MC 开始上升。工资不变时 MC = w ÷ MP,MC 上升说明 MP 下降。 |
| (c) 1 pt | AVC = (175 − 60) ÷ 5 = $23;ATC = 175 ÷ 5 = $35(两个都对才得分)。 |
| (d) 1 pt | 5 个:第 5 个蛋糕的 MC(30)低于此前的 ATC(36.25),把 ATC 拉低到 35;第 6 个的 MC(40)高于 35,把 ATC 拉高到 35.83。MC 在 ATC 最低点穿过它。 |
| (e) 1 pt | AVC 不变($23),ATC 上升(多 30 ÷ 5 = $6,变成 $41),MC 不变。许可费是固定成本。 |
| (f) 1 pt | MC 上升(每个蛋糕多 $2),AFC 不变。面粉是可变成本。 |
| (g) 1 pt | Economies of scale:长期平均成本从 175 ÷ 5 = $35 降到 360 ÷ 12 = $30,产量增加、平均成本下降。 |
- “Show your work” 要写出算式,例如 “AFC = 90 ÷ 30 = $3”,只写结果可能不得分。
- “Explain using numbers” 要写出比较的两个数,例如 “MP falls from 7 to 6”。
- 判断边际报酬递减看 MP 是否下降,不是看 MP 是否为负;只有一种可变投入时,也可以看 MC 是否开始上升。
- 规模经济题要先算出两个产量的 LRATC 再比较,不要只比较总成本。
→ 打开 Unit 3(下)Profit and Perfect Competition(与本文件放在同一文件夹)
JL · AP Microeconomics · Unit 3(上)Production and Costs · 题目标签:真题 历年 AP 考试原题(含 College Board 练习卷、国际卷),答案均对照官方答案键并重新验算(2024 年选择题的答案为自行验算) · 原创 依照 AP 题型原创