《Sec 7.3 MC Market EfficiencyV1》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、1. Whichtoolsalloweconomiststodetermineiftheallocationofresourcesdeterminedbyfreemarketsisdesirable? a. profitsandcoststofirms b. consumerandproducersurplus c. theequilibriumpriceandquantity d. incomesofandpricespaidbybuyersANSWER: bDIFFICULTY: EasyLEARNING OBJECTIV
2、ES: ECON.MANK.014-Assessamarket'sefficiency.TOPICS: WelfareeconomicsKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 001.07.3-MC-MANK082. Economiststypicallymeasureefficiencyusing a. thepricepaidbybuyers. b. thequantitysuppliedbysellers. c. totalsurplus. d. profitstofirm
3、s.ANSWER: cDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.014-Assessamarket'sefficiency.TOPICS: WelfareeconomicsEfficiencyKEYWORDS: BLOOM'S:ComprehensionCUSTOM ID: 002.07.3-MC-MANK083. Consumersurplusequalsthe a. valuetobuyersminustheamountpaidbybuyers. b. value
4、tobuyersminusthecosttosellers. c. amountreceivedbysellersminusthecosttosellers. d. amountreceivedbysellersminustheamountpaidbybuyers.ANSWER: aDIFFICULTY: EasyLEARNING OBJECTIVES: ECON.MANK.014-Assessamarket'sefficiency.TOPICS: ConsumersurplusWelfareeconomicsKEYWOR
5、DS: BLOOM'S:KnowledgeCUSTOM ID: 003.07.3-MC-MANK084. Producersurplusequalsthe a. valuetobuyersminustheamountpaidbybuyers. b. valuetobuyersminusthecosttosellers. c. amountreceivedbysellersminusthecosttosellers. d. amountreceivedbysellersminustheamountpaidbybuyers.ANS
7、reamarket’sefficiency. b. isthesumofconsumerandproducersurplus. c. isthevaluetobuyersminusthecosttosellers. d. Alloftheabovearecorrect.ANSWER: dDIFFICULTY: ModerateLEARNING OBJECTIVES: ECON.MANK.014-Assessamarket'sefficiency.TOPICS: WelfareeconomicsKEYWORDS: BLOO
8、M'S:ComprehensionCUSTOM ID: 005.07.3-MC-MANK086. Totalsurplusis a. thetotalcosttosellersofprovidingthegoodminusthetotalvalu
