MICROECONOMICS1990微观经济试题Word下载.docx

MICROECONOMICS1990微观经济试题Word下载.docx

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I.Howtoallocatescarceresourcesamongunlimitedwants

II.Howtodecentralizemarkets

III.Howtodecidewhattoproduce,howtoproduce,andforwhomtoproduce

IV.Howtosetgovernmentproductionquotas

A.Ⅰonly

B.ⅠandⅢonly

C.ⅡandⅢonly

D.Ⅰ,Ⅱ,andⅢonly

E.Ⅰ,Ⅱ,Ⅲ,andⅣonly

2.Whichofthefollowingwouldnecessarilycauseafallinthepriceofaproduct?

A.Anincreaseinpopulationandadecreaseinthepriceofaninput

B.Anincreaseinpopulationandadecreaseinthenumberoffirmsproducingtheproduct

C.Anincreaseinaverageincomeandanimprovementinproductiontechnology

D.Adecreaseinthepriceofasubstituteproductandanimprovementinproductiontechnology

E.Adecreaseinthepriceofasubstituteproductandanincreaseinthepriceofaninput

3.Themarketequilibriumpriceofhomeheatingoilis$1.50pergallon.Ifapriceceilingof$1.00pergallonisimposed,whichofthefollowingwilloccurinthemarketforhomeheatingoil?

I.Quantitysuppliedwillincrease.

II.Quantitydemandedwillincrease.

III.Quantitysuppliedwilldecrease.

IV.Quantitydemandedwilldecrease.

A.Ⅱonly

B.ⅠandⅡonly

C.ⅠandⅣonly

D.ⅡandⅢonly

E.ⅢandⅣonly

4.Supposethatafamilybuysallitsclothingfromadiscountstoreandtreatstheseitemsasinferiorgoods.Undersuchcircumstances,thisfamily’sconsumptionofdiscountstoreclothingwillnecessarily

A.increasewhenafamilymemberwinsthestatelottery

B.increasewhenafamilymembergetsaraiseinpayatwork

C.remainunchangedwhenitsincomerisesorfallsduetoeventsbeyondthefamily’scontrol

D.decreasewhenafamilymemberbecomesunemployed

E.decreasewhenafamilymemberexperiencesanincreaseinincome

5.Whichofthefollowingdescribeswhatwillhappentomarketpriceandquantityiffirmsinaperfectlycompetitivemarketformacartelandactasaprofit-maximizingmonopoly?

PriceQuantity

A.DecreaseDecrease

B.DecreaseIncrease

C.IncreaseIncrease

D.IncreaseDecrease

E.IncreaseNochange

6.QuantityProducedTotalCost

0$5

117

228

341

461

591

Barney’sBaitCompanycansellalltheluresitproducesatthemarketpriceof$14.Onthebasisofthecostinformationinthetableabove,howmanyluresshouldthebaitcompanymake?

A.1

B.2

C.3

D.4

E.5

7.Anaturalmonopolyoccursinanindustryif

A.economiesofscaleallowatmostonefirmofefficientsizetoexistinthatmarket

B.asinglefirmhascontroloverascarceandessentialresource

C.asinglefirmproducesinputsforusebyotherfirms

D.asinglefirmhasthetechnologytoproducetheproductsoldinthatmarket

E.above-normalprofitspersistintheindustry

8.Thetypicalfirminamonopolisticallycompetitiveindustryearnszeroprofitinlong-runequilibriumbecause

A.advertisingcostsmakemonopolisticcompetitionahigh-costmarketstructureratherthanalow-costmarketstructure

B.thefirmsintheindustrydonotoperateattheminimumpointontheirlong-runaveragecostcurves

C.therearenorestrictionsonenteringorexitingfromtheindustry

D.thefirmsintheindustryareunabletoengageinproductdifferentiation

E.thereareclosesubstitutesforeachfirm’sproduct

9.Whichofthefollowinginevitablycausesashiftinthemarketdemandforworkerswithacertainskill?

A.Anincreaseinthedemandforgoodsproducedbytheseworkers

B.Adecreaseintaxratesontheincomeoftheseworkers

C.Anincreaseintheequilibriumwagesreceivedbytheseworkers

D.Anincreaseinthesupplyoftheseworkers

E.Thecreationofafederallysubsidizedprogramtotrainnewworkers

10.Ifhiringanadditionalworkerwouldincreaseafirm’stotalcostbylessthanitwouldincreaseitstotalrevenue,thefirmshould

A.nothiretheworker

B.hiretheworker

C.hiretheworkeronlyifanotherworkerleavesorishired

D.hiretheworkeronlyiftheworkercanraisethefirm’sproductivity

E.reducethenumberofworkersemployedbythefirm

11.Ifafirmwantstoproduceagivenamountofoutputatthelowestpossiblecost,itshoulduseeachresourceinsuchamannerthat

A.itusesmoreofthelessexpensiveresource

B.itusesmoreoftheresourcewiththehighestmarginalproduct

C.eachresourcehasjustreachedthepointofdiminishingmarginalreturns

D.themarginalproductsofeachresourceareequal

E.themarginalproductsperdollarspentoneachresourceareequal

12.Inwhichoft