微观经济学-题库.pdf

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1、Microeconomics,10e(Parkin)Part 2 Review How Markets Work 1)Gadgets,Inc.can increase its total revenue by raising the price of its product.From this result we can conclude that the A)price increase increases demand for the firms product.B)firm sells an inferior good.C)demand for the firms product is

2、price inelastic.D)demand for the firms product is price elastic.Answer:C Topic:Total Revenue and Elasticity Skill:Conceptual Question history:Previous edition,Part Review 2 AACSB:Reflective Thinking 2)Widgets,Inc.can increase its total revenue by lowering the price of its product.From this result we

3、 can conclude that the A)decrease in price increases demand for the firms product.B)firm sells an inferior good.C)demand for the firms product is price inelastic.D)demand for the firms product is price elastic.Answer:D Topic:Total Revenue and Elasticity Skill:Conceptual Question history:Previous edi

4、tion,Part Review 2 AACSB:Reflective Thinking 3)If OPEC cuts oil production to increase their total revenue,we know that A)the demand for gasoline will decrease.B)the price of gasoline will fall.C)the demand for oil in the global market is inelastic.D)OPEC faces a horizontal demand for oil curve.Answ

5、er:C Topic:Total Revenue and Elasticity Skill:Conceptual Question history:Previous edition,Part Review 2 AACSB:Reflective Thinking4)If OPEC cuts oil production to increase their total revenue,we know that the A)demand for gasoline will decrease.B)price of gasoline will rise.C)demand for oil in the g

6、lobal market is elastic.D)supply of gasoline will increase.Answer:B Topic:Total Revenue and Elasticity Skill:Conceptual Question history:Previous edition,Part Review 2 AACSB:Reflective Thinking 5)If OPEC cuts oil production to increase their total revenue,we know that the A)demand for gasoline will

7、decrease.B)price of gasoline will fall.C)demand for oil in the global market is elastic.D)supply of gasoline will decrease.Answer:D Topic:Change in Supply Skill:Conceptual Question history:Previous edition,Part Review 2 AACSB:Reflective Thinking 6)The figure above shows the market for digital camera

8、s.If the price of film cameras falls,the efficie nt qua ntity of digital cameras will be _ thousa nd cameras and the marginal cost of a digital camera will be _.A)less than 300;less than$300 B)greater than 300;less than$300 C)300;greater than$300 D)greater than 400;greater than$310 An swer:A Topic:E

9、fficie nt Qua ntity Skill:An alytical Questi on history:Previous editi on.Part Review 2 AACSB:An alytical Skills 7)The figure above shows the market for digital cameras.If con sumers in comes rise and a digital camera is a normal good,the efficient quantity of digital cameras to produce will be _ th

10、ousa nd cameras and the marginal cost of a digital camera will be _.A)less than 300;less than$300 B)greater than 300;less than$300 C)300;greater than$300 D)greater than 300;greater than$300 An swer:D Topic:Equilibrium Quan tity Skill:An alytical Questi on history:Previous editi on.Part Review 2 AACS

11、B:An alytical Skills280 270 E巻 co 冷CL巴O-OP 一0U匸d 100 200 300 400 500 600 QuanHJy(thcuscrds of cameras per week)8)The figure above shows the market for digital cameras.If consumers income rise and a digital camera is a normal good,the efficient quantity of digital cameras will be _ thousand cameras a

12、nd the equilibrium quantity will be _ thousand cameras.A)less than 300;less than 300 B)greater than 300;less than 300 C)300;greater than 300 D)greater than 300;greater than 300 Answer:D Topic:Equilibrium and Efficient Quantity Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:An

13、alytical Skills 9)The figure above shows the market for digital cameras.The price of film cameras falls.In the new equilibrium,the price of a digital camera will be _ and the marginal benefit from the last digital camera purchased will be _.A)less than$300;less than$300 B)greater than$300;less than$

14、300 C)$300;greater than$300 D)greater than$300;greater than$300 Answer:D Topic:Equilibrium Price and Marginal Cost Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 10)The figure above shows the market for digital cameras.If there are technological advances in

15、making digital cameras,the efficient quantity of digital cameras will be _ thousand cameras and the equilibrium quantity will be _ thousand cameras.A)less than 300;less than 300 B)greater than 300;less than 300 C)300;greater than 300 D)greater than 300;greater than 300 Answer:D Topic:Equilibrium and

16、 Efficient Quantity Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills11)The figure above shows the market for digital cameras.If new technology lowers the cost of producing digital cameras,the efficient quantity of digital cameras will be _ and compared to the

17、original equilibrium,the consumer surplus will _.A)less than 300;increase B)less than 300;decrease C)greater than 300;increase D)greater than 300;decrease Answer:C Topic:Efficient Quantity and Consumer Surplus Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 1

18、2)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed on sellers of digital cameras,how many cameras are sold?A)150 thousand B)200 thousand C)250 thousand D)300 thousand Answer:B Topic:Tax Skill:Analytical Question history:Previous edition,Pa

19、rt Review 2 AACSB:Analytical Skills 13)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed on sellers of digital cameras,buyers will pay a _ fraction of the tax than sellers will pay because the demand is _ elastic than the supply is.A)smalle

20、r;more B)smaller;less C)greater;more D)greater;less Answer:A Topic:Tax Incidence Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills14)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed,the equilibrium qu

21、antity of digital cameras is _ thousand cameras and the efficient quantity of digital cameras to produce is _ thousand cameras.A)300;200 B)200;300 C)200;200 D)300;300 Answer:B Topic:Equilibrium and Efficient Quantity Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical S

22、kills 15)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed,the marginal cost of the last digital camera produced is _ and the marginal benefit that consumers receive from it is _.A)$330;$300 B)$310;$280 C)$280;$310 D)$300;$300 Answer:C Topi

23、c:Marginal Cost and Marginal Benefit Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 16)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed,consumer surplus will A)not change.B)decrease by$1,500.C)incr

24、ease by$1,000.D)decrease by$2,500.Answer:D Topic:Consumer Surplus Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills17)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed,and at the same time new technolo

25、gy lowers the marginal cost of producing a digital camera by$30 at each level of output,the equilibrium quantity of digital cameras is _ thousand cameras and the efficient quantity of digital cameras to produce is _ thousand cameras.A)300;400 B)400;300 C)300;200 D)300;300 Answer:A Topic:Equilibrium

26、and Efficient Quantity Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 18)The figure above shows the market for digital cameras.If a tax on digital cameras of$30 per camera is imposed,and at the same time new technology lowers the marginal cost of producing a

27、 digital camera by$30 at each level of output,the marginal cost of the last camera produced is and the marginal benefit that consumers receive from it is _.A)$300;$300 B)$270;$300 C)$290;$320 D)$290;$290 Answer:B Topic:Marginal Cost and Marginal Benefit Skill:Analytical Question history:Previous edi

28、tion,Part Review 2 AACSB:Analytical Skills o 400 600 800 LOGO 1,200 1.400 Quantrty(apartmenh per monfh)19)The figure above shows the dema nd for and supply of ren tai hous ing in Steppeville.If a rent ceiling is set at$900,the quantity of apartment units rented is _,and the efficient qua ntity of ap

29、artme nt un its to rent is _.A)400;1,000 B)400;800 C)800;800 D)800;1,000 An swer:C Topic:Rent Ceili ng and Efficie nt Qua ntity Skill:An alytical Questi on history:Previous editi on,Part Review 2 AACSB:An alytical Skills 20)The figure above shows the dema nd for and supply of ren tal hous ing in Ste

30、ppeville.If a rent ceili ng is set at$900,the marginal ben efit from renting an apartme nt un it is _ and the qua ntity of apartme nts supplied is _.A)$900;1,000 B)$900;400 C)$800;400 D)$800;800 An swer:D Topic:Rent Ceili ng and Margi nal Ben efit Skill:An alytical Questi on history:Previous editi o

31、n,Part Review 2 AACSB:An alytical Skills-llcoE 云d12ID-21)The figure above shows the demand for and supply of rental housing in Steppeville.If a rent ceiling is set at$700,the quantity of apartment units rented is _ ,and the efficient quantity of apartment units to rent is _.A)1,200;600 B)600;600 C)6

32、00;800 D)800;800 Answer:C Topic:Rent Ceiling and Efficient Quantity Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 22)The figure above shows the demand for and supply of rental housing in Steppeville.If a rent ceiling is set at$700,the marginal benefit from

33、renting an apartment unit is _ and the quantity of apartment units supplied is _.A)$700;600 B)$850;600 C)$800;800 D)$700;800 Answer:B Topic:Rent Ceiling and Marginal Benefit Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 23)The figure above shows the demand

34、for and supply of rental housing in Steppeville.A rent ceiling is set at$700.The rent ceiling creates a _ and there _ a deadweight loss.A)surplus of 1,200 apartments;is not B)surplus of 600 apartments;is C)shortage of 600 apartments;is D)shortage;1,200 apartments;is not Answer:C Topic:Rent Ceiling a

35、nd Efficient Quantity Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills24)The figure above shows the demand for and supply of rental housing in Steppeville.A rent ceiling is set at$700.Rental housing is a normal good and peoples incomes increase.As a result,the

36、,A)gap between the efficient quantity of housing to rent and the actual quantity rented will increase.B)gap between the efficient quantity of housing to rent and the actual quantity rented will decrease.C)shortage of housing will decrease.D)quantity of housing supplied will increase.Answer:A Topic:R

37、ent Ceiling Skill:Analytical Question history:Previous edition,Part Review 2 AACSB:Analytical Skills 25)_ occurs when a foreign firm sells its exports at a lower price than its cost of production.A)A quota B)Dumping C)A tariff D)A nontariff barrier Answer:B Topic:Trade Skill:Recognition Question history:Previous edition,Part Review 2 AACSB:Reflective Thinking