Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 1 pptx

... happened to the real price of telephone service? Let the CPI for 19 96 equal 1 and the CPI for 19 99 equal 1. 1, which reflects a 10 % increase in the overall price level. To find the real price ... Chapter 1: Preliminaries 1 PART I INTRODUCTION: MARKETS AND PRICES CHAPTER 1 PRELIMINARIES Chapter 1: Preliminaries 2 QUESTIONS FOR REVIEW 1. It is often said that ... s...

Ngày tải lên: 20/01/2014, 20:20

... $5,000 to invest in a mutual 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 ... and Consumer Behavior 64 CHAPTER 5 UNCERTAINTY AND CONSUMER BEHAVIOR QUESTIONS FOR REVIEW 1. What does it mean to say that a person is risk averse? Why are some people likely to be ri...

Ngày tải lên: 26/01/2014, 00:20

... Chapter 9: The Analysis of Competitive Markets 11 7 CHAPTER 9 THE ANALYSIS OF COMPETITIVE MARKETS REVIEW QUESTIONS 1. What is meant by deadweight loss? Why does a price ceiling ... market equilibrium quantity, resulting in a loss of Chapter 9: The Analysis of Competitive Markets 11 8 surplus to consumers. Consumers will also purchase less than the quantity they demand at t...

Ngày tải lên: 26/01/2014, 00:20

... America, 14 8 F.2d 416 [19 45], discussed in Exercise 8, below.) 6. What factors determine the amount of monopoly power an individual firm is likely to have? Explain each one briefly. Chapter 10 : ... less- than-perfectly-elastic supply curve gives the buyer some monopsony power. Chapter 10 : Market Power: Monopoly and Monopsony 14 2 11 . What are some sources of monopsony power? Wha...

Ngày tải lên: 26/01/2014, 00:20

... completely price inelastic. S 19 76 Price Quantity S 19 86 S 19 96 D 19 96 D 19 86 D 19 76 Figure 2 .10 11 . Suppose the demand curve for a product is given by Q =10 -2P+P s , where P is the price ... shift from D 1 to D 2. This will result in a decline in the equilibrium price from P 1 to P 2 , and a decline in the equilibrium quantity from Q 1 to Q 2 . See Figure 2...

Ngày tải lên: 20/01/2014, 20:20

... good 1 is now rationed the consumer will not be able to attain the utility maximizing point. He or she will have to consume more of the other good instead. This is point B below. good 1 U 1 U 2 A B ... 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 game. If movie ti...

Ngày tải lên: 20/01/2014, 20:20

... Font: Times New Roman, 12 pt Formatted: Space Before: 1. 2 line, After: 1. 2 line, Line spacing: 1. 5 lines Formatted: Font: Times New Roman Formatted: Font: Times New Roman, 12 pt Chapter 4: Individual ... goods 1 and 2 such that P 1 P 2 = MRS. As the price of good 1 falls, the price ratio becomes a smaller number and hence the MRS becomes a smaller number. This means that as...

Ngày tải lên: 26/01/2014, 00:20

... enough workers and there Formatted: Font: Times New Roman, 13 pt Formatted: Space Before: 1. 2 line, After: 1. 2 line, Line spacing: 1. 5 lines Formatted: Bullets and Numbering Deleted: mi g ht ... 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 a...

Ngày tải lên: 26/01/2014, 00:20

... statements are true or false. Formatted: Font: Times New Roman, 13 pt Formatted: Space Before: 1. 2 line, After: 1. 2 line, Line spacing: 1. 5 lines Chapter 7: The Costs of Production 85 a. If the ... Production 84 CHAPTER 7 THE 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...

Ngày tải lên: 26/01/2014, 00:20

... Formatted: Font: Times New Roman, 13 pt Formatted: Space Before: 1. 2 line, After: 1. 2 line, Line spacing: 1. 5 lines Chapter 8: Profit Maximization and Competitive Supply 10 3 minimize cost. Thus, the ... Chapter 8: Profit Maximization and Competitive Supply 10 2 CHAPTER 8 PROFIT MAXIMIZATION AND COMPETITIVE SUPPLY REVIEW QUESTIONS 1. Why would a firm that incurs losses choose t...

Ngày tải lên: 26/01/2014, 00:20