Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 9 pptx

... Chapter 9: The Analysis of Competitive Markets 117 CHAPTER 9 THE ANALYSIS OF COMPETITIVE MARKETS REVIEW QUESTIONS 1. ... because consumers purchase less. The problem with a price floor or Chapter 9: The Analysis of Competitive Markets 1 19 minimum price is that it sends the wrong signal to producers. Thinking that ... Consumers will purchase less than the market equil...

Ngày tải lên: 26/01/2014, 00:20

... The price of long-distance telephone service fell from 40 cents per minute in 199 6 to 22 cents per minute in 199 9, a 45-percent (18 cents/40 cents) decrease. The Consumer Price Index increased ... period. What happened to the real price of telephone service? Let the CPI for 199 6 equal 1 and the CPI for 199 9 equal 1.1, which reflects a 10% increase in the overall price level. To find...

Ngày tải lên: 20/01/2014, 20:20

... holding such a portfolio, compared to a low-risk asset, such as a U.S. government savings bond. 9. Why do some investors put a large portion of their portfolios into risky assets, while others

Ngày tải lên: 26/01/2014, 00:20

... out a series of prices and quantities 138 Chapter 10: Market Power: Monopoly and Monopsony 1 39 that we can identify as the supply curve for the firm. Instead, shifts in demand lead to changes ... the conversion of bauxite to alumina. (See U.S. v. Aluminum Company of America, 148 F.2d 416 [ 194 5], discussed in Exercise 8, below.) 6. What factors determine the amount of monopoly powe...

Ngày tải lên: 26/01/2014, 00:20

... support the conclusion that demand is completely price inelastic. S 197 6 Price Quantity S 198 6 S 199 6 D 199 6 D 198 6 D 197 6 Figure 2.10 11. Suppose the demand curve for a product is ... levels, the price of pork will rise, assuming that pork is a substitute for beef and chicken. 9. The city council of a small college town decides to regulate rents in order to red...

Ngày tải lên: 20/01/2014, 20:20

... Consumer Behavior 29 rank consumer choices. It is not necessary to know how intensely a consumer prefers basket A over basket B; it is enough to know that A is preferred to B. 9. Upon merging

Ngày tải lên: 20/01/2014, 20:20

... consumers can substitute out of particular foods, they cannot substitute out of food in general. 9. Suppose that the average household in a state consumes 800 gallons of gasoline per year. A 20-cent

Ngày tải lên: 26/01/2014, 00:20

... same. As a general rule, if the firm has more of all the inputs they can produce more output. 9. Explain the term “marginal rate of technical substitution”? What does a MRTS=4 mean? MRTS is ... diminish because a Deleted: As Deleted: is Deleted: the Deleted: per unit Chapter 6: Production 79 have named it the “law of diminishing marginal productivity.” By definition, the margina...

Ngày tải lên: 26/01/2014, 00:20

... cost exceeds average variable cost is also the point where average variable cost starts to rise. 9. If the firm’s average cost curves are U-shaped, why does its average variable cost curve achieve ... If the firm experiences Formatted: Bullets and Numbering Chapter 7: The Costs of Production 89 increasing returns to scale, then constant returns to scale, its long-run average cost cur...

Ngày tải lên: 26/01/2014, 00:20

... long-run supply curve is upward sloping. Thus, the supply curve for videos would be upward sloping. 9. True or false: A firm should always produce at an output at which long-run average cost is minimized.

Ngày tải lên: 26/01/2014, 00:20