微观经济学综合期末练习.doc

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1、一、TrueorFalse1.AccordingtotheLawofComparativeAdvantage,individualsandeconomiesshouldspecializeinproducingthosegoodsandservicesinwhichtheyhaveacomparativeadvantage.()2.IfMUx/PxislessthanMUy/Py,thenautility-maximizingconsumertheconsumershouldconsumemoreXandlessY.()3.Ifth

2、erearetwogoodswithpositivepricesandthepriceofonegoodisreduced,whileincomeandotherpricesremainconstant,thenthesizeofthebudgetsetisreduced.()4.Justasinthetheoryofutilitymaximizingconsumers,thetheoryofprofitmaximizingfirmsallowsthepossibilityof"Giffenfactors".Thesearefact

3、orsforwhichafallinpriceleadstoafallindemand.()5.Ifthevalueofthemarginalrevenueproduct(MRP)oflaborexceedsthewagerate,thenacompetitive,profit-maximizingfirmwouldwanttohiremorelabor.()6.Iftheamountofmoneythatpeoplearewillingtospendonagoodstaysthesamewhenitspricedoubles,th

4、endemandforthatgoodmusthaveapriceelasticityofdemandsmallerinabsolutevaluethanone.()7.Iftheequationforthedemandcurveisq=40-2p;thenmarginalrevenuedecreasesinthequantitydemanded.()8.Producer'ssurplusatpricepistheverticaldistancebetweenthesupplycurveandthedemandcurveatpric

5、ep.()9.Thosewhowanttousehighercigarettetaxesasameansofreducingsmokingwouldpreferthedemandcurveforcigarettestobehighlyelastic.()1.Afirmisexperiencingeconomiesofscalemeansthatthepercentincreaseinoutputisgreaterthanpercentincreaseininputs,andhence,thelongrunaveragecostofp

6、roductionisstable.()一、MultipleChoice1.Economicsisthestudyofa.scarcityundertheconditionsofdemocracyb.choicewithinasystemofcapitalismc.theroleofgovernmentinamarketsystemd.choiceunderconditionsofscarcity2.Opportunitycostsexistbecausea.thereisapriceattachedtovirtuallyevery

7、goodorserviceb.technologyisnotfixedintheeconomyc.peoplehavedifferenttastesandpreferencesd.limitedresourcescannotsatisfyallofthewantsinsociety3.Alongaproductionpossibilitiesfrontiera.moreofonegoodcanbeproducedwithoutgivingupsomeoftheothergoodb.resourcesarenotbeingfullyu

8、tilizedc.availableresourcesarebeingusedefficientlyd.thereisproductiveinefficiency4.Youhaveabondthatyoucanredeemfor$10