李同学2019-03-06 14:06:36

13.单选题 已收藏 标记 纠错 Which of the following firm’s earnings are most likely to be cyclical? A The firm produces luxury items. B Most of the firm’s costs depend on its level of output. C The firm operates in a growth industry. 查看解析 上一题 提交试卷 正确答案A 您的答案A本题平均正确率：60% Industry life cycle models难度：一般 推荐：      答案解析 Producers of luxury items tend to have cyclical earnings because consumers typically decrease their purchases of these items during economic recessions. The earnings of firms with high percentages of variable costs are not as likely to be cyclical as those of firms with high percentages of fixed costs (i.e., high operating leverage). A growth industry has demand that is strong enough that earnings remain relatively unaffected by the business cycle. 问：B为什么固定成本依赖于产出的行业是非周期的，举例说明可否？