经济学原理微观第五版测试题库.docx

经济学原理微观第五版测试题库.docx

《经济学原理微观第五版测试题库.docx》由会员分享，可在线阅读，更多相关《经济学原理微观第五版测试题库.docx（129页珍藏版）》请在冰豆网上搜索。

经济学原理微观第五版测试题库

Chapter7

Consumers,Producers,andtheEfficiencyofMarkets

TRUE/FALSE

1.Welfareeconomicsisthestudyofthewelfaresystem.

ANS:

FDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

WelfareMSC:

Definitional

2.Thewillingnesstopayisthemaximumamountthatabuyerwillpayforagoodandmeasureshowmuchthebuyervaluesthegood.

ANS:

TDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Willingnesstopay

MSC:

Definitional

3.Foranygivenquantity,thepriceonademandcurverepresentsthemarginalbuyer'swillingnesstopay.

ANS:

TDIF:

2REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Willingnesstopay

MSC:

Interpretive

4.Abuyeriswillingtobuyaproductatapricegreaterthanorequaltohiswillingnesstopay,butwouldrefusetobuyaproductatapricelessthanhiswillingnesstopay.

ANS:

FDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Willingnesstopay

MSC:

Definitional

5.Consumersurplusistheamountabuyeractuallyhastopayforagoodminustheamountthebuyeriswillingtopayforit.

ANS:

FDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Definitional

6.Consumersurplusistheamountabuyeriswillingtopayforagoodminustheamountthebuyeractuallyhastopayforit.

ANS:

TDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Definitional

7.Consumersurplusmeasuresthebenefittobuyersofparticipatinginamarket.

ANS:

TDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Interpretive

8.Consumersurpluscanbemeasuredastheareabetweenthedemandcurveandtheequilibriumprice.

ANS:

TDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Interpretive

9.Consumersurpluscanbemeasuredastheareabetweenthedemandcurveandthesupplycurve.

ANS:

FDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Interpretive

10.Joelhasa1966Mustang,whichhesellstoSusie,anavidcarcollector.Susieispleasedsinceshepaid$8,000forthecarbutwouldhavebeenwillingtopay$11,000forthecar.Susie'sconsumersurplusis$2,000.

ANS:

FDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Interpretive

11.IfDarbyvaluesasoccerballat$50,andshepays$40forit,herconsumersurplusis$10.

ANS:

TDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Applicative

12.IfDarbyvaluesasoccerballat$50,andshepays$40forit,herconsumersurplusis$90.

ANS:

FDIF:

1REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Applicative

13.Allelseequal,anincreaseinsupplywillcauseanincreaseinconsumersurplus.

ANS:

TDIF:

2REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Applicative

14.Supposethereisanincreaseinsupplythatreducesmarketprice.Consumersurplusincreasesbecause

（1）consumersurplusreceivedbyexistingbuyersincreasesand

（2）newbuyersenterthemarket.

ANS:

TDIF:

2REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Interpretive

15.Ifthegovernmentimposesabindingpricefloorinamarket,thentheconsumersurplusinthatmarketwillincrease.

ANS:

FDIF:

2REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Applicative

16.Ifthegovernmentimposesabindingpricefloorinamarket,thentheconsumersurplusinthatmarketwilldecrease.

ANS:

TDIF:

2REF:

7-1NAT:

Analytic

LOC:

SupplyanddemandTOP:

Consumersurplus

MSC:

Applicative

17.Eachsellerofaproductiswillingtosellaslongasthepriceheorshecanreceiveisgreaterthantheopportunitycostofproducingtheproduct.

ANS:

TDIF:

1REF:

7-2NAT:

Analytic

LOC:

SupplyanddemandTOP:

Opportunitycost

MSC:

Interpretive

18.Atanyquantity,thepricegivenbythesupplycurveshowsthecostofthelowest-costseller.

ANS:

FDIF:

2REF:

7-2NAT:

Analytic

LOC:

SupplyanddemandTOP:

Opportunitycost

MSC:

Interpretive

19.Inacompetitivemarket,salesgotothoseproducerswhoarewillingtosupplytheproductatthelowestprice.

ANS:

TDIF:

1REF:

7-2NAT:

Analytic

LOC:

SupplyanddemandTOP:

EfficiencyMSC:

Interpretive

20.Producersurplusistheamountasellerispaidminusthecostofproduction.

ANS:

TDIF:

1REF:

7-2NAT:

Analytic

LOC:

SupplyanddemandTOP:

Producersurplus

MSC:

Definitional

21.Producersurplusisthecostofproductionminustheamountasellerispaid.

ANS:

FDIF:

1REF:

7-2NAT:

Analytic

LOC:

SupplyanddemandTOP:

Producersurplus

MSC:

Definitional

22.Allelseequal,anincreaseindemandwillcauseanincreaseinproducersurplus.

ANS:

TDIF:

2REF:

7-2NAT:

Analytic

LOC:

SupplyanddemandTOP:

Producersurplus

MSC:

Applicative

23.Allelseequal,adecreaseind