微观经济学模拟题分析解析备课讲稿.docx

微观经济学模拟题分析解析备课讲稿.docx

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微观经济学模拟题分析解析备课讲稿

MicroeconomicsFinalTest2010

I.MultipleChoice（1pointspereach.Intotal40points）

Identifytheletterofthechoicethatbestcompletesthestatementoranswersthequestion.

__A__1.Whichofthefollowingwillchangeanation'scomparativeadvantage?

A.atechnologicaladvanceinproducingmanufacturedgoods

B.adoublingofallwages

C.quotasonimports

D.achangeinconsumers'preferencesforimportedgoods

影响比较优势的因素：

气候和自然资源；劳动力和资本的相对充裕；技术；外部经济

__D__2.IfJapancanproduceeachunitofsteelusingfewerresourcesthanCanadadoes,

A.Canadahasanabsoluteadvantageinsteelproduction.

B.Japanhasanabsoluteadvantageinsteelproduction.

C.Japanhasacomparativeadvantageinsteelproduction.

D.Canadahasacomparativeadvantageinsteelproduction.

绝对优势：

数量比较优势：

机会成本

__B__3.Supposeyouareconsideringgoingtothemovies,andyouplacea$12valueonyouranticipatedenjoymentofthemovie.Theticketpriceis$6andyouwouldbegivinguptwohoursofwork,whereyouearn$5perhour.Youwouldgoto

A.work;theopportunitycostofthemoviesexceedstheexpectedbenefit.

B.themovies;yourincentiveisthe$6excessexpectedbenefit.

C.themovies;yourenjoymentwillexceedthelostwagesby$2.

D.themovies;thebenefitof$18exceedsthelostwages.

__D__4.Theamountofagoodorservicethatbuyerswouldbewillingandabletopurchaseataspecificpriceisknownas

A.quantitydemanded.

B.demand.

C.supply.

D.quantitysupplied.

__C__5.Whichofthefollowingarethebestexamplesofsubstitutegoods?

a.personalcomputersandcomputersoftwareprograms

b.milkandcookies

c.IBMandGatewaypersonalcomputers

d.hotdogsandmustard

__B__6.IfthedeclineofGoodA’spriceleadsthedemandcurveofGoodBmovingtotheright,

A.GoodAandGoodBaresubstitutes.

B.GoodAandGoodBarecomplements.

C.GoodAisaninferiorgood,GoodBisaluxurygood.

D.GoodAisaluxurygood,GoodBisaninferiorgood.

____7.Ifpriceelasticityofdemandis2.0,thisimpliesthatconsumerswould

A.buytwiceasmuchofthegoodifpricefallsby10percent.

B.requirea2percentcutinpricetoraisequantitydemandedofthegoodby1percent.

C.buy2percentmoreofthegoodinresponsetoa1percentcutinprice.

D.requireatleasta$2increaseinpricebeforeshowinganyresponsetothepriceincrease.

____8.IfWeiskampT-ShirtCo.lowersitspricefrom$6to$5andfindsthatstudentsincrease

theirquantitydemandedfrom400to600T-shirts,thenthedemandforWeiskampT-shirtswithin

thispricerangeis

A.priceinelastic.

B.priceelastic.

C.unitelastic.

D.crosselastic.

____9.A5percentincreaseinthepriceofsugarreducessugarconsumptionbyabout10percent.

Theincreasecauseshouseholdsto

A.spendmoreonsugar.

B.spendlessonsugar.

C.spendthesameamountonsugar.

D.consumemoregoodslikecoffeeandteathatarecomplementsofsugar.

____10.Inwhichofthemarketslistedbelowwouldyouexpecttheleastelasticresponsefrom

suppliers?

A.fastfood

B.softdrink

C.roadbuilding

D.Picassopaintings

____11.IfthepriceofGoodAdecreasesfrom$10to$9anditsquantitydemandedincreases100,

itspriceelasticityofdemandis

A.inelastic.

B.elastic.

C.unit-elastic.

D.unclear.

___12.Iftheequilibriumpriceofbreadis$2andthegovernmentimposesa$1.50priceceiling

onthepriceofbread,

A.morebreadwillbeproducedtomeettheincreaseddemand.

B.therewillbeashortageofbread.

C.thedemandforbreadwilldecreasebecausesupplierswillreducetheirsupply.

D.asurplusofbreadwillemerge.

____13.Rentcontrolstypicallyendup

A.increasingrentsreceivedbylandlords.

B.raisingpropertyvalues.

C.encouraginglandlordstooverspendformaintenance.

D.discouragingnewhousingconstruction.3

____14.Assumethatthegovernmentsetsaceilingontheinterestratethatbankschargeonloans.

Iftheceilingissetbelowthemarketequilibriuminterestrate,theresultwillbe

A.asurplusofcredit.

B.ashortageofcredit.

C.greaterprofitsforbanksissuingcredit.

D.aperfectlyinelasticsupplyofcreditinthemarketplace.

____15.WhichofthefollowingbestexplainsthesourceofconsumersurplusforgoodA?

A.ManyconsumerswouldbewillingtopaymorethanthemarketpriceforgoodA.

B.ManyconsumerspaypricesthataregreaterthantheequilibriumpriceofgoodA.

C.ManyconsumersthinkthemarketpriceofgoodAisgreaterthanitscost.

D.ManyconsumersthinkthepriceelasticityofdemandforgoodAisunitelastic.

____16.Ifyouhadbeenwillingtopay$2.19forthegallonofmilkpurchasedatthesupermarket

butwererequiredtopayonly$1.89,youhavegained

A.arefundof$.30fromtheclerk.

B.aconsumersurplusamountingto$.30.

C.excessmarginalbenefitof$2.19.

D.producersurplusof$.30.

____17.Ifdemandincreaseswhensupplyisperfectlyelastic,then

A.consumersurpluswillremainthesame.

B.consumersurpluswillincrease.

C.itisnotpossibletopredictthechangeinconsumersurplus.

D.consumersurpluswilldecreasewiththeincreaseinprice.

____18.Producersurplustendstobelargewhen

A.supplyiselastic.

B.demandiselastic.

C.supplyisinelastic.

D.demandisinelastic.

____19.Whichofthefollowingisanexampleofapositiveexternality?

A.airpollution

B.apersonwholittersinapublicpark

C.aconsumerwhosedreamcomestruewhenshebuysanewconvertible

D.anicegardeninfrontofyourneighbor'shouse

____20.Deadweightloss

A.meansthatthereisalosstosomeindividualswithoutacorrespondinggaintoothers.

B.isnotreallyalosstosocietybecausewhatoneindividuallosesanotherindividualgains.

C.canbeeliminatedbysalestaxes.

D.canoccurevenifoutputisattheefficientlevel.4

____21.Theslopeofanindifferencecurveis

A.marginalrateofsubstitution.

B.marginalrateoftechnicalsubstitution.

C.marginalrateoftransformation.

D.marginalutility.

____22.Whentotaloutputincreasesfrom100to101andtotalcostsincreaseform300to315,

marginalcostis

A.30.

B.330.

C.300.

D.15.

____23.AsAl'sRadiatorCo.continuestoaddworkers,whilekeepingthesameamountof

machinery,someworkersmaybeunderutilizedbecausetheyhavelittleworktodowhilewaiting

inlinetousethemachinery.Whenthisoccurs,Al'sRadiatorCo.encounters

A.economiesofscale.

B.diseconomiesofscale.

C.increasingmarginalreturns.

D.diminishingmarginalreturns.

____24.IfthepriceratioofcommoditiesXandYis1.25andtheirratioofmarginalutilityis2,in

ordertomaximizeutilitytheconsumershould

A.buymoreXandbuylessY.

B.buymoreYandbuylessX.

C.buymoreXandYatthesametime.

D.buylessXandYatthesametime.

____25.Whichofthefollowingisthebestexampleofavariablecost?

A.monthlypaymentsforhiredlabor

B.propertytaxpayments

C.monthlyrentpaymentsforawarehouse

D.pensionpaymentstoretiredworkers

____26.Theminimumpointsoftheaveragevariablecostandaveragetotalcostcurvesoccur

where

A.themarginalcostcurveliesbelowtheaveragevariablecostandaveragetotalcostcurves.

B.themarginalcostcurveintersectsthosecurves.

C.wagesarethelowest.

D.theslopeoftotalcostisthesmallest.

____27.Whenthemarginalproductoflaborfalls,themarginalcostofoutput

A.falls,thenrises.

B.becomesnegative.

C.rises.

D.remainsconstant.

5

____28.WhichofthefollowingfactorsismostlikelytoshiftIBM'stotalcostandmarginalcost

curvesdownward?

A.atechnologicaladvanceresultinginincreasedproductivity

B.higherpropertytaxeschargedbythemunicipalgovernment

C.increasedwagestoattractadditionalcomputeroperators

D.areductioninsubsidiesfromthestategovernment

____29.Whentotalproductiondecreases,

A.APLiszero.

B.APLisnegative.

C.APLiszero.

D.APLisnegative.

____30.Sincethe1980s,Wal-MartstoreshaveappearedinalmosteverycommunityinAmerica.Wal-Martbuystheirgoodsinlargequantitiesandthereforeatcheaperprices.Wal-Martalsolocatesitsstoreswherelandpricesarelow,usuallyoutsideofthecommunitybusinessdistrict.ManycustomersshopatWal-Martbecauseoflowpricesandfreeparking.Localretailers,liketheneighborhooddrugstore,oftengooutofbusinessbecausetheylosecustomers.Thisstorydemonstratesthat

A.consumersareboycottinglocalretailerswhosepricesarerelativelyhigher.

B.therearediseconomiesofscaleinretailsales.

C.thereareeconomiesofscaleinretailsales.

D.therearediminishingreturnstoproducingandsellingretailgoods.

____31.Whichofthefollowingsismostlyunlikelytobeamonopolist?

A.theonlydoctorinasmalltown.

B.theCoca-Colacompany.

C.theelectricitycompanyinaregion.

D.thetap-watercompanyinaregion.

____32.Ifafirmcanproducethesamelevelofoutputwhenitusesmoreoneunitoflaborwhile

usinglesstwounitsofcapital,MRTSLKis

A.0.5.

B.2.

C.1.

D.4.

____33.WhichofthefollowingsiscorrectwhenACisatthelowestpoint?

A.AVC=FC.

B.MC=AC.

C.P=AVC.

D.P=MC.

____34.Asavinggraceofmonopolycomparedwithcompetitionisthat

A.monopolistshavemoreincentivestoreducetheirproductioncosts.

B.theoutputrestrictedbyamonopolistisagoodwaytoreducepollutioninapollutedindustry.

C.keepingmonopolyisbetterto