中级微观经济学测试题

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1、Mid-termA6-5IntermediateMicroeconomicsMid-termTest2005(A)Name:StudentNo.:Class:No.12345678910AnswerFNo.11121314151617181920AnswerNo.21222324252627282930AnswerSection1Trueorfalse.（20points,2pointseach）1.Withquasi-linearpreferences,theequivalentvariationandthecompensatingvariationinincomeduetoapri

2、ceincreaseofonegoodarethesame.2.Ifallpricesdoubleandincometriples,thenthebudgetlinewillbecomesteeper.3.Aconsumerwhocanborrowandlendatthesameinterestrateshouldpreferanendowmentwithahigherpresentvaluetoanendowmentwithalowerpresentvalue,nomatterhowheplanstoallocateconsumptionoverthecourseofhislife.

3、4.Themarginalrateofsubstitutionmeasuresthedistancebetweenoneindifferencecurveandthenextone.5.FredhasaCobb-Douglasutilityfunctionwithexponentsthatsumto1.Sallyconsumesthesametwogoods,butthetwogoodsareperfectsubstitutesforher.Despitethesedifferences,FredandSallyhavethesamepriceoffercurves.6.Foracon

4、sumerwhohasanallowancetospendandnoendowmentofgoods,adecreaseinthepriceofaGiffengoodconsumedmakeshimbetteroff.7.Alice'sutilityfunctionisU(x,y)=x2y.Steve'sutilityfunctionisU(x,y)=x2y+2x.AliceandStevehavethesamepreferencessinceSteve'sutilityfunctionisamonotonictransformationofAlice's.8.Susanisanetb

5、orrowerwhentheinterestrateis10%andanetsaverwhentheinterestrateis20%.Adecreaseintheinterestratefrom20%to10%maymakeSusanworseoff.9.IfsomeonehasaCobb-Douglasutilityfunctionandnoincomefromanysourceotherthanlaborearnings,thenanincreaseinwageswillnotchangetheamountthatpersonchoosestowork.10.Iftwoasset

6、shavethesameexpectedrateofreturnbutdifferentvariances,arisk-averseinvestorshouldalwayschoosetheonewiththesmallervariance,nomatterwhatotherassetssheholds.constructionqualityacceptanceandassessmentRegulation(ProfessionalEdition)(DL/T5210.2-2009~DL/T5210.8-2009);1.9thequalitycheckoutandevaluationof

7、electricequipmentinstallationengineeringcode(DL/T5161.1-2002~5161.17-2002);1.10thenormsofconstructionsupervision,theelectricpowerconstructionsupervisionregulationsMid-termA6-5Section2SingleChoice.(80points,4pointseach)11.Whe