微观经济学题库教学内容.docx

1、微观经济学题库教学内容Microeconomics, 10e (Parkin)Part 2 ReviewHow Markets Work1) Gadgets, Inc. can increase its total revenue by raising the price of its product. From this result we can conclude that theA) price increase increases demand for the firms product.B) firm sells an inferior good.C) demand for the

2、firms product is price inelastic.D) demand for the firms product is price elastic.Answer: CTopic: Total Revenue and ElasticitySkill: ConceptualQuestion history: Previous edition, Part Review 2AACSB: Reflective Thinking2) Widgets, Inc. can increase its total revenue by lowering the price of its produ

3、ct. From this result we can conclude that theA) decrease in price increases demand for the firms product.B) firm sells an inferior good.C) demand for the firms product is price inelastic.D) demand for the firms product is price elastic.Answer: DTopic: Total Revenue and ElasticitySkill: ConceptualQue

4、stion history: Previous edition, Part Review 2AACSB: Reflective Thinking3) If OPEC cuts oil production to increase their total revenue, we know that A) the demand for gasoline will decrease.B) the price of gasoline will fall.C) the demand for oil in the global market is inelastic.D) OPEC faces a hor

5、izontal demand for oil curve.Answer: CTopic: Total Revenue and ElasticitySkill: ConceptualQuestion history: Previous edition, Part Review 2AACSB: Reflective Thinking4) If OPEC cuts oil production to increase their total revenue, we know that theA) demand for gasoline will decrease.B) price of gasoli

6、ne will rise.C) demand for oil in the global market is elastic.D) supply of gasoline will increase.Answer: BTopic: Total Revenue and ElasticitySkill: ConceptualQuestion history: Previous edition, Part Review 2AACSB: Reflective Thinking5) If OPEC cuts oil production to increase their total revenue, w

7、e know that theA) demand for gasoline will decrease.B) price of gasoline will fall.C) demand for oil in the global market is elastic.D) supply of gasoline will decrease.Answer: DTopic: Change in SupplySkill: ConceptualQuestion history: Previous edition, Part Review 2AACSB: Reflective Thinking6) The

8、figure above shows the market for digital cameras. If the price of film cameras falls, the efficient quantity of digital cameras will be _ thousand cameras and the marginal cost of a digital camera will be _.A) less than 300; less than $300B) greater than 300; less than $300C) 300; greater than $300

9、D) greater than 400; greater than $310Answer: ATopic: Efficient QuantitySkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills7) The figure above shows the market for digital cameras. If consumers incomes rise and a digital camera is a normal good, the efficient q

10、uantity of digital cameras to produce will be _ thousand cameras and the marginal cost of a digital camera will be _.A) less than 300; less than $300B) greater than 300; less than $300C) 300; greater than $300D) greater than 300; greater than $300Answer: DTopic: Equilibrium QuantitySkill: Analytical

11、Question history: Previous edition, Part Review 2AACSB: Analytical Skills8) The figure above shows the market for digital cameras. If consumers income rise and a digital camera is a normal good, the efficient quantity of digital cameras will be _ thousand cameras and the equilibrium quantity will be

12、 _ thousand cameras.A) less than 300; less than 300B) greater than 300; less than 300C) 300; greater than 300D) greater than 300; greater than 300Answer: DTopic: Equilibrium and Efficient QuantitySkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills9) The figure

13、above shows the market for digital cameras. The price of film cameras falls. In the new equilibrium, the price of a digital camera will be _ and the marginal benefit from the last digital camera purchased will be _.A) less than $300; less than $300B) greater than $300; less than $300C) $300; greater

14、 than $300D) greater than $300; greater than $300Answer: DTopic: Equilibrium Price and Marginal CostSkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills10) The figure above shows the market for digital cameras. If there are technological advances in making digit

15、al cameras, the efficient quantity of digital cameras will be _ thousand cameras and the equilibrium quantity will be _ thousand cameras.A) less than 300; less than 300B) greater than 300; less than 300C) 300; greater than 300D) greater than 300; greater than 300Answer: DTopic: Equilibrium and Effic

16、ient QuantitySkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills11) The figure above shows the market for digital cameras. If new technology lowers the cost of producing digital cameras, the efficient quantity of digital cameras will be _ and compared to the or

17、iginal equilibrium, the consumer surplus will _.A) less than 300; increaseB) less than 300; decreaseC) greater than 300; increaseD) greater than 300; decreaseAnswer: CTopic: Efficient Quantity and Consumer SurplusSkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Ski

18、lls12) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is imposed on sellers of digital cameras, how many cameras are sold?A) 150 thousandB) 200 thousandC) 250 thousandD) 300 thousandAnswer: BTopic: TaxSkill: AnalyticalQuestion history: Previous e

19、dition, Part Review 2AACSB: Analytical Skills13) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is imposed on sellers of digital cameras, buyers will pay a _ fraction of the tax than sellers will pay because the demand is _ elastic than the suppl

20、y is.A) smaller; moreB) smaller; lessC) greater; moreD) greater; lessAnswer: ATopic: Tax IncidenceSkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills14) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is impo

21、sed, the equilibrium quantity of digital cameras is _ thousand cameras and the efficient quantity of digital cameras to produce is _ thousand cameras.A) 300; 200B) 200; 300C) 200; 200D) 300; 300Answer: BTopic: Equilibrium and Efficient QuantitySkill: AnalyticalQuestion history: Previous edition, Par

22、t Review 2AACSB: Analytical Skills15) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is imposed, the marginal cost of the last digital camera produced is _ and the marginal benefit that consumers receive from it is _.A) $330; $300B) $310; $280C)

23、$280; $310D) $300; $300Answer: CTopic: Marginal Cost and Marginal BenefitSkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills16) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is imposed, consumer surplus wil

24、lA) not change.B) decrease by $1,500.C) increase by $1,000.D) decrease by $2,500.Answer: DTopic: Consumer SurplusSkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills17) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per

25、 camera is imposed, and at the same time new technology lowers the marginal cost of producing a digital camera by $30 at each level of output, the equilibrium quantity of digital cameras is _ thousand cameras and the efficient quantity of digital cameras to produce is _ thousand cameras.A) 300; 400B

26、) 400; 300C) 300; 200D) 300; 300Answer: ATopic: Equilibrium and Efficient QuantitySkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills18) The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is imposed, and at the

27、same time new technology lowers the marginal cost of producing a digital camera by $30 at each level of output, the marginal cost of the last camera produced is _ and the marginal benefit that consumers receive from it is _.A) $300; $300B) $270; $300C) $290; $320D) $290; $290Answer: BTopic: Marginal

28、 Cost and Marginal BenefitSkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills19) The figure above shows the demand for and supply of rental housing in Steppeville. If a rent ceiling is set at $900, the quantity of apartment units rented is _ , and the efficient

29、 quantity of apartment units to rent is _.A) 400; 1,000B) 400; 800C) 800; 800D) 800; 1,000Answer: CTopic: Rent Ceiling and Efficient QuantitySkill: AnalyticalQuestion history: Previous edition, Part Review 2AACSB: Analytical Skills20) The figure above shows the demand for and supply of rental housin

30、g in Steppeville. If a rent ceiling is set at $900, the marginal benefit from renting an apartment unit is _ and the quantity of apartments supplied is _.A) $900; 1,000B) $900; 400C) $800; 400D) $800; 800Answer: DTopic: Rent Ceiling and Marginal BenefitSkill: AnalyticalQuestion history: Previous edi

31、tion, Part Review 2AACSB: Analytical Skills21) The figure above shows the demand for and supply of rental housing in Steppeville. If a rent ceiling is set at $700, the quantity of apartment units rented is _ , and the efficient quantity of apartment units to rent is _.A) 1,200; 600B) 600; 600C) 600; 800D) 800; 800Answer: CTopic: Rent Ceiling and Effic