微观经济学题库Word下载.docx

微观经济学题库Word下载.docx

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C

Topic:

TotalRevenueandElasticity

Skill:

Conceptual

Questionhistory:

Previousedition,PartReview2

AACSB:

ReflectiveThinking

2）Widgets,Inc.canincreaseitstotalrevenuebyloweringthepriceofitsproduct.Fromthisresultwecanconcludethatthe

A）decreaseinpriceincreasesdemandforthefirm'

D

3）IfOPECcutsoilproductiontoincreasetheirtotalrevenue,weknowthat

A）thedemandforgasolinewilldecrease.

B）thepriceofgasolinewillfall.

C）thedemandforoilintheglobalmarketisinelastic.

D）OPECfacesahorizontaldemandforoilcurve.

4）IfOPECcutsoilproductiontoincreasetheirtotalrevenue,weknowthatthe

A）demandforgasolinewilldecrease.

B）priceofgasolinewillrise.

C）demandforoilintheglobalmarketiselastic.

D）supplyofgasolinewillincrease.

B

5）IfOPECcutsoilproductiontoincreasetheirtotalrevenue,weknowthatthe

B）priceofgasolinewillfall.

D）supplyofgasolinewilldecrease.

ChangeinSupply

6）Thefigureaboveshowsthemarketfordigitalcameras.Ifthepriceoffilmcamerasfalls,theefficientquantityofdigitalcameraswillbe________thousandcamerasandthemarginalcostofadigitalcamerawillbe________.

A）lessthan300;

lessthan$300

B）greaterthan300;

C）300;

greaterthan$300

D）greaterthan400;

greaterthan$310

A

EfficientQuantity

Analytical

AnalyticalSkills

7）Thefigureaboveshowsthemarketfordigitalcameras.Ifconsumers'

incomesriseandadigitalcameraisanormalgood,theefficientquantityofdigitalcamerastoproducewillbe________thousandcamerasandthemarginalcostofadigitalcamerawillbe________.

D）greaterthan300;

EquilibriumQuantity

8）Thefigureaboveshowsthemarketfordigitalcameras.Ifconsumers'

incomeriseandadigitalcameraisanormalgood,theefficientquantityofdigitalcameraswillbe________thousandcamerasandtheequilibriumquantitywillbe________thousandcameras.

lessthan300

greaterthan300

EquilibriumandEfficientQuantity

9）Thefigureaboveshowsthemarketfordigitalcameras.Thepriceoffilmcamerasfalls.Inthenewequilibrium,thepriceofadigitalcamerawillbe________andthemarginalbenefitfromthelastdigitalcamerapurchasedwillbe________.

A）lessthan$300;

B）greaterthan$300;

C）$300;

D）greaterthan$300;

EquilibriumPriceandMarginalCost

10）Thefigureaboveshowsthemarketfordigitalcameras.Iftherearetechnologicaladvancesinmakingdigitalcameras,theefficientquantityofdigitalcameraswillbe________thousandcamerasandtheequilibriumquantitywillbe________thousandcameras.

11）Thefigureaboveshowsthemarketfordigitalcameras.Ifnewtechnologylowersthecostofproducingdigitalcameras,theefficientquantityofdigitalcameraswillbe________andcomparedtotheoriginalequilibrium,theconsumersurpluswill________.

increase

B）lessthan300;

decrease

C）greaterthan300;

EfficientQuantityandConsumerSurplus

12）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposedonsellersofdigitalcameras,howmanycamerasaresold?

A）150thousand

B）200thousand

C）250thousand

D）300thousand

Tax

13）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposedonsellersofdigitalcameras,buyerswillpaya________fractionofthetaxthansellerswillpaybecausethedemandis________elasticthanthesupplyis.

A）smaller;

more

B）smaller;

less

C）greater;

D）greater;

TaxIncidence

14）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposed,theequilibriumquantityofdigitalcamerasis________thousandcamerasandtheefficientquantityofdigitalcamerastoproduceis________thousandcameras.

A）300;

200

B）200;

300

C）200;

D）300;

15）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposed,themarginalcostofthelastdigitalcameraproducedis________andthemarginalbenefitthatconsumersreceivefromitis________.

A）$330;

$300

B）$310;

$280

C）$280;

$310

D）$300;

MarginalCostandMarginalBenefit

16）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposed,consumersurpluswill

A）notchange.

B）decreaseby$1,500.

C）increaseby$1,000.

D）decreaseby$2,500.

ConsumerSurplus

17）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposed,andatthesametimenewtechnologylowersthemarginalcostofproducingadigitalcameraby$30ateachlevelofoutput,theequilibriumquantityofdigitalcamerasis________thousandcamerasandtheefficientquantityofdigitalcamerastoproduceis________thousandcameras.

400

B）400;

18）Thefigureaboveshowsthemarketfordigitalcameras.Ifataxondigitalcamerasof$30percameraisimposed,andatthesametimenewtechnologylowersthemarginalcostofproducingadigitalcameraby$30ateachlevelofoutput,themarginalcostofthelastcameraproducedis________andthemarginalbenefitthatconsumersreceivefromitis________.

A）$300;

B）$270;

C）$290;

$320

D）$290;

$290

19）ThefigureaboveshowsthedemandforandsupplyofrentalhousinginSteppeville.Ifarentceilingissetat$900,thequantityofapartmentunitsrentedis________,andtheefficientquantityofapartmentunitstorentis________.

A）400;

1,000

800

C）800;

D）800;

RentCeilingandEfficientQuantity

20）ThefigureaboveshowsthedemandforandsupplyofrentalhousinginSteppeville.Ifarentceilingissetat$900,themarginalbenefitfromrentinganapartmentunitis________andthequantityofapartmentssuppliedis________.

A）$900;

B）$900;

C）$800;

D）$800;

RentCeilingandMarginalBenefit

21）ThefigureaboveshowsthedemandforandsupplyofrentalhousinginSteppeville.Ifarentceilingissetat$700,thequantityofapartmentunitsrentedis________,andtheefficientquantityofapartmentunitstorentis________.

A）1,200;

600

B）600;

C）600;

RentCeilingandEfficient