Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 11 docx

... Chapter 11: Pricing with Market Power 160 CHAPTER 11 PRICING WITH MARKET POWER REVIEW QUESTIONS 1. Suppose a firm can practice ... improves consumer welfare. Price Quantity P 1 P 2 Consumer Surplus D Q 1 Q 2 Figure 11. 3 161 Chapter 11: Pricing with Market Power 162 4. Give some examples of third-degree price discrimination. ... because the customer’s reservation price is lo...

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... earnings among senior executives will result in a relatively inelastic demand for membership. 11. Explain which of the following items in each pair is more price elastic. a. The demand for

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... then constant returns to scale, its long-run average cost curve falls, then becomes horizontal. 11. How does a change in the price of one input change the firm’s long-run expansion path? The

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... price inelastic. 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

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... above, the consumer is worse off because she is not able to attain her utility maximizing point. 11. Based on his preferences, Bill is willing to trade 4 movie tickets for 1 ticket to a basketball

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... diminishing, we have to give up less capital for each unit of labor added to keep output constant. 11. Diminishing returns to a single factor of production and constant returns to scale are not

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... Therefore, constant returns to scale does not always imply long-run horizontal supply curves. 11. What assumptions are necessary for a market to be perfectly competitive? In light of what you

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... Chapter 9: The Analysis of Competitive Markets 117 CHAPTER 9 THE ANALYSIS OF COMPETITIVE MARKETS REVIEW QUESTIONS 1. What is meant ... market equilibrium quantity, resulting in a loss of Chapter 9: The Analysis of Competitive Markets 118 surplus to consumers. Consumers will also purchase less than the quantity they demand at the ... purchase less. The problem with a price...

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