Sec_All_Short_Answer_and_Essay_Ch_7_

《Sec_All_Short_Answer_and_Essay_Ch_7_》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、SubjectiveShortAnswer1. Whatdoeconomistscallthehighestamountaconsumerwillpaytopurchaseagood?ANSWER:  The(maximum)willingnesstopay.DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.014-Assessamarket'sefficiency.TOPICS:  ConsumersurplusWelfareeconomicsKEYWORDS:  BLOOM'S:Knowledg

2、eCUSTOM ID:  001.07-SAE-MANK082. IfJohn’swillingnesstopayforagoodis$20andthepriceofthegoodis$15,howmuchisJohn’sconsumersurplusfrompurchasingthegood?ANSWER:  Consumersurplusis$5.DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.193-Givenascenariodescribingbuyers'willingnesstopa

3、y,computeconsumersurplusinamarket.TOPICS:  ConsumersurplusWelfareeconomicsKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  002.07-SAE-MANK08Table7-17Thefollowingtableshowsthewillingnesstopayforagoodfortheonlyfourconsumersinamarket.ConsumerWillingnesstoPayA$25B$40C$15D$303. RefertoTa

4、ble7-17.Ifthepriceofthegoodis$20,howmanyunitswillbedemanded?ANSWER:  Threeunitswillbedemanded.DIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.014-Assessamarket'sefficiency.TOPICS:  ConsumersurplusWelfareeconomicsKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  003.07-SAE-MANK08

5、4. RefertoTable7-17.Ifthepriceofthegoodis$20,howmuchisthetotalconsumersurplus?ANSWER:  Totalconsumersurplusis$35.DIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.193-Givenascenariodescribingbuyers'willingnesstopay,computeconsumersurplusinamarket.TOPICS:  ConsumersurplusWe

6、lfareeconomicsKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  004.07-SAE-MANK08CopyrightCengageLearning.PoweredbyCognero.Page 19Scenario7-1Supposemarketdemandisgivenbytheequation5. RefertoScenario7-1.Ifthemarketequilibriumpriceis$10,howmuchistotalconsumersurplusinthismarket?ANSWER:

7、  Consumersurplusis$100.DIFFICULTY:  ChallengingLEARNING OBJECTIVES:  ECON.MANK.193-Givenascenariodescribingbuyers'willingnesstopay,computeconsumersurplusinamarket.TOPICS:  ConsumersurplusWelfareeconomicsKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  005.07-SAE-MANK086. RefertoSce

8、nario7-1.Ifthemarketequilibriumpricerisesfrom$10to$15,whatisthechang