DSE 經濟科：生產與成本

1. Which of the following is a factor of production for a Hong Kong bakery?

2. A hawker stall in Mong Kok pays $30,000 monthly rent regardless of how many bowls of noodles it sells. This rent is:

3. As a construction firm in Hong Kong hires more workers while keeping capital fixed, the marginal product of labour eventually falls. This illustrates:

4. If a property developer's total cost is TC = 500,000 + 200Q, where Q is the number of flats built, the fixed cost is:

5. A dim sum restaurant in Hong Kong has average variable cost (AVC) of $80 per customer at 100 customers, and $85 at 101 customers. The marginal cost of the 101st customer is:

6. In the short run, a Hong Kong printing firm's average total cost (ATC) curve is U-shaped. The minimum point of ATC occurs where:

7. A logistics company in Hong Kong experiences constant returns to scale in the long run. Its long-run average cost (LRAC) curve is:

8. A tech startup in Cyberport has total fixed cost of $1,000,000 and marginal cost of $50 per user. At what output level does average total cost equal $150?

9. A Hong Kong factory's production function is Q = 10L^0.5K^0.5. If capital is fixed at K=100 in the short run, the marginal product of labour (MPL) is:

10. A firm in Hong Kong faces a kinked isoquant due to a production process with fixed proportions (Leontief technology). The firm's expansion path is:

11. Division of labour means:

12. A restaurant meal cooked and served to a diner is classed as:

13. Which is a disadvantage of division of labour?

14. Economies of scale differ from division of labour because economies of scale: