Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 10 pptx

... Chapter 10: Market Power: Monopoly and Monopsony PART III REVIEW QUESTIONS 1. A monopolist is producing ... demand curve. Shifts in demand do not trace out a series of prices and quantities 138 Chapter 10: Market Power: Monopoly and Monopsony 139 that we can identify as the supply curve for the ... amount of monopoly power an individual firm is likely to have? Explain each one brie...

Ngày tải lên: 26/01/2014, 00:20

... increased by 10- percent over this period. What happened to the real price of telephone service? Let the CPI for 1996 equal 1 and the CPI for 1999 equal 1.1, which reflects a 10% increase in

Ngày tải lên: 20/01/2014, 20:20

... fund. The expected return on mutual fund A is 15% and the expected return on mutual fund B is 10% . Should George pick mutual fund A or fund B? George’s decision will depend not only on the

Ngày tải lên: 26/01/2014, 00:20

Ngày tải lên: 26/01/2014, 00:20

... demanded at the price of $1.00. Q =10- 2(1)+2 =10. Price elasticity of demand = P Q Δ Q ΔP = 1 10 (−2) =− 2 10 =−0.2. Cross-price elasticity of demand = P s Q Δ Q ΔP s = 2 10 (1) = 0.2. b. Suppose ... S 1976 Price Quantity S 1986 S 1996 D 1996 D 1986 D 1976 Figure 2 .10 11. Suppose the demand curve for a product is given by Q =10- 2P+P s , where P is the price of the...

Ngày tải lên: 20/01/2014, 20:20

... Volkswagen since consumers flocked to the Volkswagen dealerships and not the Mercedes dealerships. 10. Draw a budget line and then draw an indifference curve to illustrate the satisfaction maximizing

Ngày tải lên: 20/01/2014, 20:20

... additional ticket greater than, less than, or equal to $10? How might you determine that value? If demand exceeds supply at a price of $10, then consumers are willing to bid up the market price ... Since utility-maximizing consumers are willing to pay more than $10, the marginal increase in satisfaction (value) is greater than $10. One way to determine the value of an additional ticket...

Ngày tải lên: 26/01/2014, 00:20

... can be reduced by 4 units as the other is increased by one unit and output will be the same. 10. Explain why the marginal rate of technical substitution is likely to diminish as more and more

Ngày tải lên: 26/01/2014, 00:20

... COST OF PRODUCTION QUESTIONS FOR REVIEW 1. A firm pays its accountant an annual retainer of $10, 000. Is this an economic cost? Explicit costs are actual outlays. They include all costs that ... transaction, but still involves the use of resources. When a firm pays an annual retainer of $10, 000, there is a monetary transaction. The accountant trades his or her time in return for money....

Ngày tải lên: 26/01/2014, 00:20

... Chapter 8: Profit Maximization and Competitive Supply 102 CHAPTER 8 PROFIT MAXIMIZATION AND COMPETITIVE SUPPLY REVIEW QUESTIONS 1. Why would a firm ... line, After: 1.2 line, Line spacing: 1.5 lines Chapter 8: Profit Maximization and Competitive Supply 103 minimize cost. Thus, the long-run supply response is this adjustment from one set of short-run ... are subtracted from these profi...

Ngày tải lên: 26/01/2014, 00:20