大学一年级上学期-微观经济学-帕金-chapter_13

大学一年级下学期-微观经济学-帕金-chapter_4Microeconomics, 11e (Parkin)Chapter 4 Elasticity1 Price Elasticity of Demand1) Suppose the price of burgers increases from $2 to $3 each. The degree to which quantity demanded responds to this price increase depends on theA) price elasticity of demand.B) the price elasticity of supply.C) ine elasticity of demand.D) cross elasticity of demand.Answer: ATopic: Price Elasticity of DemandSkill: AnalyticalStatus: OldAACSB: Analytical Skills2) The price elasticity of demand measuresA) how often the price of a good changes.B) the slope of a budget curve.C) how sensitive the quantity demanded is to changes in demand.D) the responsiveness of the quantity demanded to changes in price.Answer: DTopic: Price Elasticity of DemandSkill: DefinitionStatus: OldAACSB: Analytical Skills3) Elasticity measures theA) percentage change in a variable.B) slope of a curve.C) change in a variable.D) responsiveness of a variable to a change in another variable.Answer: DTopic: Price Elasticity of DemandSkill: DefinitionStatus: OldAACSB: Analytical Skills4) The price elasticity of demand for purses is measured in what units?A) dollarsB) pursesC) dollars per purseD) The price elasticity of demand is a unitless measure.Answer: DTopic: Price Elasticity of DemandSkill: RecognitionStatus: RevisedAACSB: Analytical Skills5) The price elasticity of demand is defined as the magnitude of theA) change in quantity demanded divided by the change in price.B) change in price divided by the change in quantity demanded.C) percentage change in quantity demanded divided by the percentage change in price.D) percentage change in price divided by the percentagechange in quantity demanded.Answer: CTopic: Price Elasticity of DemandSkill: DefinitionStatus: OldAACSB: Analytical Skills6) The price elasticity of demand is calculated as the absolute value of theA) percentage change in quantity demanded divided by the percentage change in price.B) percentage change in price divided by the percentage change in quantity demanded.C) change in quantity demanded divided by the change in price.D) change in price divided by the change in quantity demanded.Answer: ATopic: Price Elasticity of DemandSkill: DefinitionStatus: OldAACSB: Analytical Skills7) The price elasticity of demand equals magnitude of theA) change in the price divided by the change in quantity demanded.B) change in the quantity demanded divided by the change in price.C) percentage change in the price divided by the percentage change in the quantity demanded.D) percentage change in the quantity demanded divided by the percentage change in the price. Answer: DTopic: Calculating ElasticitySkill: DefinitionStatus: OldAACSB: Analytical Skills8) The price elasticity of demand is equal to the ________ in the ________ divided by the ________ in the ________.A) percentage change; price; percentage change; quantity demandedB) change; price; change; quantity demandedC) percentage change; quantity demanded; percentage change; priceD) change; quantity demanded; change; priceAnswer: CTopic: Price Elasticity of DemandSkill: DefinitionStatus: OldAACSB: Analytical Skills9) The price elasticity of demand depends onA) the units used to measure price and the units used to measure quantity.B) the units used to measure price but not the units used to measure quantity.C) the units used to measure quantity but not the units used to measure price.D) neither the units used to measure price nor the units used to measure quantity.Answer: DTopic: Price Elasticity of DemandSkill: ConceptualStatus: OldAACSB: Analytical Skills10) When the quantity of coal is measured in kilograms instead of pounds, the demand for coal beesA) more elastic.B) less elastic.C) neither more nor less elastic.D) undefined.Answer: CTopic: Calculating ElasticitySkill: ConceptualStatus: OldAACSB: Analytical Skills11) The price elasticity of demand for oranges ________ change if the units of the quantity was changed from pounds to kilograms and ________ change if the units of the price was changed from dollars to cents.A) would; wouldB) would; would notC) would not; wouldD) would not; would notAnswer: DTopic: Price Elasticity of DemandSkill: ConceptualStatus: OldAACSB: Analytical Skills12) Suppose the quantity of gasoline is measured in gallons and the price of gasoline is measured in dollars. The price elasticity of demand is 0.67. If the price of gasoline was now measured in cents rather than dollars, the price elasticity of demand would now beA) 0.0067.B) 0.67.C) 6.7.D) 67.0.Answer: BTopic: Price Elasticity of DemandSkill: AnalyticalStatus: OldAACSB: Analytical Skills13) A decrease in the price of eggs from $1.50 to $1.30 per dozen resulted in an increase in egg purchases in two cities. In Philadelphia, daily egg purchases increased from 6000 to 8000 dozens; in nearby Dover, Delaware, daily egg purchases increased from 300 to 400 dozens. The price elasticity of demand is thereforeA) lower in the smaller city as would be expected.B) greater in the smaller city as would be expected.C) certainly affected by population differences in different markets.D) the same in Philadelphia as in Dover.Answer: DTopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills14) Dan sells newspapers. Dan says that a 4 percent increase in the price of a newspaper will decrease the quantity of newspapers demanded by 8 percent. According to Dan, the demand for newspapers is________.A) inelasticB) unit elasticC) perfectly elasticD) elasticAnswer: DTopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills15) The price elasticity of demand for furniture is estimated at 1.3. This value means a one percent increase in theA) price of furniture will increase the quantity of furniture demanded by 1.3 percent.B) price of furniture will decrease the quantity of furniture demanded by 1.3 percent.C) quantity of furniture demanded will decrease the price of furniture by 1.3 percent.D) quantity of furniture demanded will increase the price of furniture by 1.3 percent.Answer: BTopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills16) The price elasticity of demand for oil is estimated at 0.05. This value means a 10 percent increase in theA) quantity of oil demanded will result from a 0.5 percent increase in the price of oil.B) quantity of oil demanded will result from a 0.5 percent decrease in the price of oil.C) price of oil will increase the quantity of oil demanded by0.5 percent.D) price of oil will decrease the quantity of oil demanded by0.5 percent.Answer: DTopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills17) If a 6 percent decrease in the price leads to a 5 percent increase in the quantity demanded, the price elasticity of demand isA) 0.30.B) 0.60.C) 0.83.D) 1.20.Answer: CTopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills18) A 10 percent increase in the quantity of spinach demanded results from a 20 percent decline in its price. The price elasticity of demand for spinach isA) 0.5.B) 2.0.C) 10.0.D) 20.0.Answer: ATopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills19) A 20 percent increase in the quantity of pizza demanded results from a 10 percent decline in its price. The price elasticity of demand for pizza isA) 0.5.B) 2.0.C) 10.0.D) 20.0.Answer: BTopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills20) If a 20 percent increase in the price of a used car results in a 10 percent decrease in the quantity of used cars demanded, then the price elasticity of demand equalsA) 0.5.B) 1.0.C) 2.0.D) 10.0.Answer: ATopic: Calculating ElasticitySkill: AnalyticalStatus: OldAACSB: Analytical Skills。

《微观经济学》习题♣第一章导论一、判断题1、如果各种经济资源都很充裕即不存在稀缺问题，那么就不需要经济学。

2、社会生产位于生产可能线之内是正常的，而位于生产可能线之上是不正常的。

3、有选择就有成本，这种成本就是会计成本。

4、经济学就是研究社会如何利用稀缺资源生产人类需要的产品和劳务。

5、实证经济学主要强调“应该怎么样”。

参考答案：TFFFTF二、单项选择题1、现有资源不能充分满足人的欲望这一实事被称为（ b ）。

A.机会成本B.稀缺性C.生产什么问题D.实证经济学2、稀缺性问题（ C ）。

A.只存在于依靠市场机制的经济中B.只存在于依靠命令机制的经济中C.存在于所有经济中D.意味着抢购和黑市交易3、经济物品是指（ D ）A.有用的物品B.稀缺的物品C.要用钱购买的物品D.有用且稀缺的物品4、经济学科定义为（C ）A.研究政府如何对市场机制进行干预的科学B.消费者如何获得收入并进行消费的学说C.研究如何合理的配置稀缺资源于诸多竞争性用途的科学D.生产者怎样取得利润5、经济学研究的基本问题包括DA.生产什么，生产多少B.怎样生产C.为谁生产D.以上问题都包括6、资源是稀缺的是指（B）A.世界上大多数人生活在贫困中B.相对于资源的需求而言，资源总是不足的C.资源必须保留给下一代D.世界上的资源最终将由于更多的生产而消耗光7、下列属于实证表述的是（）A.合理组织要素对厂商有利B.合理组织要素对厂商不利C.只有合理组织要素才能使利润最大化D.合理组织要素比市场营销更重要8、下列属于规范表述的是（）A.由于收入水平低，大部分中国人还买不起小轿车B.随着收入水平的提高，拥有小轿车的人会越来越多C.鼓励私人购买小轿车有利于促进我国汽车工业的发展♣此习题中之包括判断、选择和计算，思考问答题见教学大纲每章中所列题目。

D.提倡轿车文明是盲目西方学习，不适于我国国情9、检验经济模型的方法是（）A.检验它的假设是否现实B.比较它的预期与实事C.由权威的领导人或经济专家作出结论D.以上各项都是10、当经济学家说人们是理性的，这是指（）A.人们不会做出错误的判断B.人们总会从自己的角度作出最好的决策C.人们根据完全的信息行事D.人们不会为自己所作出的任何决策而后悔11、研究个别居民与厂商决策的经济学称为（）A.宏观经济学B.微观经济学C.实证经济学D.规范经济学12、在经济学中，下列情况中部具有均衡的含义是（）A.实际买的量等于实际卖的量B.稳定的状态C.愿意买的量等于愿意卖的量D.长期过剩或短缺参考答案：BCDC DBCD BBBD三、简答题1、资源配置包括哪些内容？2、资源利用包括哪些内容？3、那些原因会使社会生产位于生产可能线以内？4、如果欲达到生产可能线之外的产量，有哪些方法？5、你要完成大学学业有哪些机会成本？第二章需求、供给与均衡价格一、判断题（一）：1.需求量是流量。

大学一年级上学期-微观经济学-帕金-chapter_13Microeconomics, 10e (Parkin)Chapter 13 Monopoly1 Monopoly and How it Arises1) A monopoly has two key features, which are ________.A) barriers to entry and no close substitutesB) franchises and barriers to entryC) barriers to entry and close substitutesD) close substitutes and no barriers to entryAnswer: ATopic: How Monopoly ArisesSkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking2) A monopoly is best defined as a firm thatA) produces a good or service for which no close substitute exists and which is protected by a barrier that prevents other firms from selling that good or service.B) purchases its resources from only one supplier because of a barrier preventing it from buying from other suppliers.C) produces a good or service for which no close substitute exists and that sells all its output to one buyer because there is barrier preventing other buyers from purchasing the good or service.D) cannot control the price it sets for its good or service because there is barrier that prevents the firm from changing the price.Answer: ATopic: How Monopoly ArisesSkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking3) Which of the following is NOT a characteristic of a monopoly?A) a single firmB) no close substitutes for the product producedC) barriers to entryD) easy entry and exitAnswer: DTopic: How Monopoly ArisesSkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking4) Which of the following is a characteristic of monopoly?A) The firm faces petition from a few other firms.B) The firm produces a product that has many close substitutes.C) There are barriers to enter the market.D) The firm's demand curve is perfectly elastic.Answer: CTopic: How Monopoly ArisesSkill: ConceptualQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking5) Which of the following statements about a monopoly is FALSE?A) Monopolies have no barriers to entry or exit.B) The good produced by a monopoly has no close substitutes.C) A monopoly is the only producer of the good.D) None of the above; that is, all of the above answers are true statements about a monopoly. Answer: ATopic: How Monopoly ArisesSkill: ConceptualQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking6) An example of a monopoly isA) a big city restaurant.B) the stock market.C) the only veterinarian in an isolated farm munity.D) a large hospital in a big city.Answer: CTopic: How Monopoly ArisesSkill: ConceptualQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking7) Which of the following firms is most likely to be a monopoly?A) a local restaurantB) the local water panyC) a local drug storeD) a clothing storeAnswer: BTopic: How Monopoly ArisesSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking8) An example of a monopoly would beA) one of many U.S. wheat farmers.B) one of the few U.S. auto makers.C) AT&T long distance phone service.D) the local water pany.Answer: DTopic: How Monopoly ArisesSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking9) Which of the following is LEAST likely to be a monopoly?A) the holder of a public franchiseB) a pharmaceutical pany with a patent on a drugC) a store in a large shopping mallD) an artist who owns a copyright for a paintingAnswer: CTopic: How Monopoly ArisesSkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking10) A barrier to entry isA) a natural or legal impediment that makes it difficult for new firms to enter a market.B) a necessary condition for perfect petition.C) the result of highly elastic demand.D) a brick wall that a firm places around its corporate headquarters.Answer: ATopic: Barriers To EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking11) When natural or legal forces work to protect a firm from potential petitors, the market is said to have ________.A) non-petitive supplyB) non-petitive entryC) barriers to entryD) restricted petitionAnswer: CTopic: Barriers To EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking12) Which of the following is a barrier to entry for a monopoly?A) a patentB) severe diseconomies of scaleC) close substitutes for the good or service existD) All of the above answers are correct.Answer: ATopic: Barriers To EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking13) Which of the following can create a monopoly?I. high pricesII. public franchiseIII. patentIV. government licenseA) I and IIB) I and IIIC) I, II and IIID) II, III and IVAnswer: DTopic: Barriers To EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking14) Which of the following is NOT a barrier to entry for a monopoly?A) economies of scale for the relevant range of outputB) a patent on the product being soldC) the ability to charge a price that is above marginal costD) receiving a public franchiseAnswer: CTopic: Barriers To EntrySkill: ConceptualQuestion history: Modified 10th editionAACSB: Reflective Thinking15) Which of the following can NOT be an effective entry barrier?A) A firm earning very high economic profits.B) A firm being granted a patent for its product.C) A firm owning all of a vital resource needed to produce a good.D) When huge economies of scale exist.Answer: ATopic: Barriers To EntrySkill: RecognitionQuestion history: New 10th editionAACSB: Reflective Thinking16) Which of the following is NOT a legal barrier to entry?A) public franchiseB) government licenseC) patentD) innovationAnswer: DTopic: Legal Barriers to EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking17) A legal monopoly is defined as a market whereA) only one lawyer operates.B) a legal barrier to entry exists.C) only one firm could earn a profit.D) entry and exit are legal.Answer: BTopic: Legal Barriers to EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking18) A public franchise isA) an exclusive right granted to a firm to supply a good or service.B) a government issued license required to practice a profession.C) an exclusive right granted to an inventor of a product.D) a unique source of raw materials.Answer: ATopic: Legal Barriers to EntrySkill: RecognitionQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking19) If the government grants a firm a public franchise to supply coal, a monopoly is created byA) a natural barrier to entry.B) a legal barrier to entry.C) price discrimination.D) All of the above answers are correct.Answer: BTopic: Legal Barriers to EntrySkill: ConceptualQuestion history: Previous edition, Chapter 13AACSB: Reflective Thinking。

目　录第一编　导　论第1章　什么是经济学附　录　经济学中的图形第2章　经济问题第二编　市场如何运行第3章　需求与供给第4章　弹　性第5章　效率与公平第6章　现实中的市场第三编　家庭的选择第7章　效用和需求第8章　可能性、偏好和选择第四编　企业与市场第9章　组织生产第10章　产量与成本第11章　完全竞争第12章　垄　断第13章　垄断竞争和寡头第五编　市场失灵与政府第14章　管制与发托拉斯法第15章　外部性第16章　公共品与公共资源第六编　要素市场、不平等和不确定性第17章　生产要素市场第18章　经济不平等第19章　不确定性和信息第七编　经济全球化第20章　国际贸易第一编　导　论第1章　什么是经济学一、概念题1．稀缺答：稀缺是指在给定的时间内，相对于人的需要而言，经济资源的供给总是不足的。

人类消费各种物品的欲望是无限的，而用来满足人类欲望的经济物品却是有限的。

相对于人类的无穷欲望而言，经济物品或生产这些经济物品所需要的资源总是不足的。

正因为稀缺性的客观存在，地球上就存在着资源的有限性和人类欲望与需要的无限性之间的矛盾。

这样，就导致经济学家们从经济学角度来研究使用有限的资源来生产什么、如何生产和为谁生产的问题。

经济学研究的问题和经济物品都是以稀缺性为前提的。

从稀缺性出发，西方经济学一般认为，经济学的一个重要研究任务就是：“研究人们如何进行抉择，以便使用稀缺的或有限的生产性资源（土地、劳动、资本品等）来生产各种商品并把它们分配给不同的社会成员消费。

”同时，对稀缺资源的认识应从动态的观点来认识。

历史上，许多资源曾经被视为自由取用的资源，如空气、水，但随着社会的进步，科技的发展，特别是人口的增加，人类的需要不断提高，也变得越来越稀缺。

2．激励答：激励是指引起一个人做出某种行为的方法和措施。

激励可能是鼓励一个行动的奖励，也可能是抑制一个行动的惩罚。

激励利用外部诱因使人的积极性和创造性得以调动与激发。

这时外部刺激内化为个人的自觉行动，使人完成目标的行为处于高度的受鼓舞状态，从而最大限度地发挥人的潜力（智力和体力）。

大学一年级上学期-微观经济学-帕金-part_4_reviewEconomics, 11e, Global Edition (Parkin)Part 4 Review1 Firms and Markets1) Ms. Lollipop opened a candy store in December 2013. She rented a building for $25,000 a year and used $30,000 from her savings account, which earned an annual interest rate of 5 percent, to buy capital equipment. In December 2014, the market value of her capital equipment was $26,000. What is the economic depreciation of Lollipop's capital?A) $3,000B) $4,000C) $1,000D) $25,000Answer: BTopic: Economic DepreciationSkill: ConceptualStatus: Previous edition, Part Review 4AACSB: Analytical Skills2) Ms. Lollipop opened a candy store in December 2013. She rented a building for $25,000 a year and used $30,000 from her savings account, which earned an annual interest rate of 5 percent, to buy capital equipment. During the first year of operation, Lollipop paid $28,000 to her employees, $10,000 for utilities, and $16,000 for goods she bought from other firms. In December 2014, the market value of Lollipop's capital equipment was $26,000. Lollipop's best alternative to running her candy store is to work as a sales clerk at Winn-Dixie for $15,000 a year. What is Lollipop's total opportunity cost?A) $99,500B) $94,000C) $79,000D) $20,500Answer: ATopic: Opportunity CostsSkill: ConceptualStatus: Previous edition, Part Review 4AACSB: Analytical Skills3) Ms. Lollipop opened a candy store in December 2013. She rented a building for $25,000 a year and used $30,000 from her savings account, which earned an annual interest rate of 5 percent, to buy capital equipment. During the first year of operation, Lollipop paid $28,000 to her employees, $10,000 for utilities, and $16,000 for goods she bought from other firms. In December 2014, the market value of Lollipop's capital equipment was $26,000. Lollipop's best alternative to running her candy store is to work as a sales clerk at Winn-Dixie for $15,000 a year. What is Lollipop's economic profit?A) $21,000B) $500C) $5,000D) -$9,000Answer: BTopic: Economic ProfitSkill: ConceptualStatus: Previous edition, Part Review 4AACSB: Analytical SkillsLabor (workers)Total product (units per week)0 01 402 1003 1404 1705 1906 2004) In the table above, what is the marginal product of the 5th worker?A) 190 units per weekB) 4 units per weekC) 20 units per weekD) 38 units per weekAnswer: CTopic: Marginal Product of LaborSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills5) Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. What is the total cost of producing 100 units?A) $1,700B) $1,800C) $1,900D) $2,000Answer: BTopic: Total CostSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills6) Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If 170 units are produced, the average total cost isA) $15.29.B) $5.88.C) $9.41.D) $7.99Answer: ATopic: Average Total CostSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills7) Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. What is the marginal cost of producing the 120th unit?A) $400.00B) $40.00C) $20.00D) $10.00Answer: DTopic: Marginal CostSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills8) Given the information in the table above, suppose labor is the only variable input. The price of labor is $400 per week and total fixed costs are $1,000 per week. If the firm wants tominimize its average total cost, it should produceA) 100 units.B) 140 units.C) 170 units.D) 190 units.Answer: CTopic: Average Total CostSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills9) The profit maximizing condition for any petitive firm isA) MR = P.B) MC = MR.C) P = ATC.D) None of the above answers is correct because each type of petitive firm has a different condition of maximizing its profit.Answer: BTopic: Profit MaximizationSkill: ConceptualStatus: Previous edition, Part Review 4AACSB: Reflective Thinking10) Firms in which of the following industries can incur an economic loss in the short run?A) Any firm can incur an economic loss profit in the short run.B) only perfect petition and monopolistic petitionC) only monopolistic petitionD) only perfect petitionAnswer: ATopic: Economic LossSkill: ConceptualStatus: Modified 10th editionAACSB: Reflective Thinking11) Which of the following statements is FALSE?A) In the short run, a monopolist might operate even though it is incurring an economic loss, but in the short run a perfectly petitive firm always shuts down if it is incurring an economic loss.B) A monopoly can earn an economic profit in the long run, but a perfectly petitive firm cannot.C) A monopoly can set its price while a perfectly petitive firm cannot.D) A monopoly is protected by barriers to entry while a perfectly petitive firm is not.Answer: ATopic: Single-Price Monopoly's Output and Price Decisions Skill: ConceptualStatus: Previous edition, Chapter 13AACSB: Reflective ThinkingOutput (pizzas per day)Total cost (dollars per day)0 201 352 453 604 805 1056 13512) Vito's Pizza is a perfectly petitive firm. The firm's costs are shown in the table above. If the market price is $22.50 per pizza, what is Vito's profit-maximizing output?A) 2 pizzas per dayB) 3 pizzas per dayC) 4 pizzas per dayD) 5 pizzas per dayAnswer: CTopic: Profit-Maximizing OutputSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills13) Vito's Pizza is a perfectly petitive firm. The firm's costs are shown in the table above. If the market price is $22.50 per pizza, how much economic profit per day does the firm make?A) zeroB) $10C) $20D) -$7.50Answer: BTopic: Profit-Maximizing OutputSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills14) Vito's Pizza is a perfectly petitive firm. The firm's costs are shown in the table above. If the market price is $17.50 per pizza, what is Vito's profit-maximizing output?A) 2 pizzas per dayB) 3 pizzas per dayC) 4 pizzas per dayD) 5 pizzas per dayAnswer: BTopic: Profit-Maximizing OutputSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills15) Vito's Pizza is a perfectly petitive firm. The firm's costs are shown in the table above. If the market price is $17.50 per pizza, how much economic profit does the firm make?A) zeroB) $10C) -$7.50D) $15Answer: CTopic: Profit-Maximizing OutputSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills16) Vito's Pizza is a perfectly petitive firm. The firm's costs are shown in the table above. What is Vito's shut-down point?A) $10.00 per pizzaB) $12.50 per pizzaC) $15.00 per pizzaD) $17.50 per pizzaAnswer: BTopic: Profit-Maximizing OutputSkill: AnalyticalStatus: Previous edition, Part Review 4AACSB: Analytical Skills。

⼤学⼀年级下学期-微观经济学-帕⾦-chapter_3 Microeconomics, 11e (Parkin)Chapter 3 Demand and Supply1 Markets and Prices1) A relative price is theA) slope of the demand curve.B) difference between one money price and another.C) slope of the supply curve.D) ratio of one money price to another.Answer: DTopic: Price and Opportunity CostSkill: RecognitionStatus: Previous edition, Chapter 3AACSB: Reflective Thinking2) A relative price isA) the number of dollars that must be given up in exchange for the good.B) also called the money price.C) not an opportunity cost.D) the ratio of one price to another price.Answer: DTopic: Price and Opportunity CostSkill: RecognitionStatus: Previous edition, Chapter 3AACSB: Reflective Thinking3) The opportunity cost of good A in terms of good B is equal to theA) money price of good A minus the money price of good B.B) money price of good B minus the money price of good A.C) ratio of the money price of good A to the money price of good B.D) ratio of the money price of good B to the money price of good A.Answer: CTopic: Price and Opportunity CostSkill: AnalyticalStatus: Previous edition, Chapter 3AACSB: Reflective Thinking4) The relative price of a good isA) an opportunity cost.B) equal to the money price of a good.C) equal to the price of that good divided by the quantity demanded of the good.D) what you get paid for babysitting your cousin.Answer: ATopic: Price and Opportunity CostSkill: RecognitionStatus: Previous edition, Chapter 3AACSB: Reflective Thinking5) The opportunity cost of a hot dog in terms of hamburgers is theA) ratio of the slope of the demand curve for hot dogs to the slope of the demand curve for hamburgers.B) ratio of the slope of the supply curve for hot dogs to the slope of the supply curve for hamburgers.C) money price of a hot dog minus the money price of a hamburger.D) ratio of the money price of a hot dog to the money price of a hamburger.Answer: DTopic: Price and Opportunity CostSkill: AnalyticalStatus: Previous edition, Chapter 3AACSB: Reflective Thinking6) Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists callA) a relative price.B) a money price.C) an indexed price.D) an opportunity price.Answer: BTopic: Price and Opportunity CostSkill: ConceptualStatus: Previous edition, Chapter 3AACSB: Reflective Thinking7) If the price of a candy bar is $1 and the price of a fast food meal is $5, then theA) relative price of a candy bar is 5 fast food meals per candy bar.B) money price of a candy bar is 1/5 of a fast food meal per candy bar.C) relative price of a fast food meal is 5 candy bars per fast food meal.D) money price of a fast food meal is 1/5 of a candy bar per fast food meal.Answer: CTopic: Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills8) If the price of a hot dog is $2 and the price of a hamburger is $4, then theA) relative price of a hot dog is 1/2 of a hamburger per hot dog.B) money price of a hot dog is 2 hamburgers per hot dog.C) relative price of a hamburger is 1/2 of a hot dog per hamburger.D) money price of a hamburger is 2 hot dogs per hamburger.Answer: ATopic: Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills9) Suppose the price of a football is $20.00 and the price of a basketball is $10.00. The ________ of a football is ________.A) relative price; 2 basketballs per footballB) relative price; 1/2 basketball per footballC) opportunity cost; $20.00D) opportunity cost; $10.00Answer: ATopic: Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills10) The price of a bag of corn chips is $3, and the price of a bottle of soda is $1. What is the relative price of a bag of corn chips?A) 3 bottles of soda per bag of corn chipsB) 1/3 bottle of soda per bag of corn chipsC) $3D) 33￠Answer: ATopic: Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills11) The price of a bag of corn chips is $3, and the price of a bottle of soda is $1. What is the relative price of a bottle of soda?A) 3 bags of corn chips per bottle of sodaB) 1/3 bag of corn chips per bottle of sodaC) $3D) 33￠Answer: BTopic: Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills12) An ice cream cone costs $1.50. A can of soda costs $0.75. The relative price of an ice cream cone isA) 1/2 can of soda per ice cream cone, the opportunity cost of an ice cream cone.B) $1.50, the opportunity cost of a can of soda.C) 2 cans of soda per soda, the opportunity cost of an ice cream cone.D) $0.75, the opportunity cost of a can of soda.Answer: CTopic: Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills13) Twenty years ago a stove cost $300 and a refrigerator cost $1,500. Today a stove costs $600, while a refrigerator costs $1,800. Which of the following statements is true?A) The relative price of stoves and refrigerators has not changed.B) The relative price of a refrigerator has increased.C) The relative price of a stove has increased.D) The money price of a refrigerator has fallen.Answer: CTopic: Price and Opportunity CostSkill: AnalyticalStatus: Previous edition, Chapter 3AACSB: Analytical Skills14) If the money price of wheat increases and no other prices change, theA) relative price of wheat falls.B) opportunity cost of wheat rises.C) demand for wheat increases.D) relative price of wheat is unaffected.Answer: BTopic: Price and Opportunity CostSkill: ConceptualStatus: Previous edition, Chapter 3AACSB: Reflective Thinking15) If the money price of hats rises and no other prices change, theI. relative price of a hat rises.II. opportunity cost of a hat rises.A) only IB) both I and IIC) only IID) neither I nor IIAnswer: BTopic: Price and Opportunity CostSkill: ConceptualStatus: New 10th editionAACSB: Reflective Thinking16) The price of a DVD rental is $1.50 and the price of a downloaded movie is $1.00. If the price of a DVD rental increases by $0.50, the relative price a downloaded movieA) rises.B) falls.C) does not change.D) might change, but more information is needed.Answer: BTopic: Price and Opportunity CostSkill: ConceptualStatus: Modified 10th editionAACSB: Reflective Thinking17) The price of a DVD rental is $2.50 and the price of a downloaded movie is $1.00. If the price of a DVD rental falls by $0.50, the relative price a downloaded movieA) rises.B) falls.C) does not change.D) might change, but more information is needed.Answer: ATopic: Price and Opportunity CostSkill: ConceptualStatus: Modified 10th editionAACSB: Reflective Thinking18) The opportunity cost of a good is the same as itsA) money price.B) relative price.C) price index.D) none of the aboveAnswer: BTopic: Study Guide Question, Price and Opportunity CostSkill: ConceptualStatus: Previous edition, Chapter 3AACSB: Reflective Thinking19) The money price of a pizza is $12 per pizza and the money price of a taco is $2 per taco. The relative price of a pizza isA) $12 per pizza.B) $24 per pizza.C) 6 tacos per pizza.D) 1/6 pizza per taco.Answer: CTopic: Study Guide Question, Price and Opportunity CostSkill: AnalyticalStatus: Modified 10th editionAACSB: Analytical Skills2 Demand1) Wants, as opposed to demands,A) are the unlimited desires of the consumer.B) are the goods the consumer plans to acquire.C) are the goods the consumer has acquired.D) depend on the price.Answer: ATopic: DemandSkill: RecognitionStatus: Previous edition, Chapter 3AACSB: Reflective Thinking。