Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 2 pdf

... from S 1 to S 2 in Figure 2. 2.b, resulting in a higher equilibrium price, P 2 , covering the higher production costs, and a lower equilibrium quantity, Q 2 . 6 D P 1 P 2 S 2 Price Quantity ... D 1 to D 2 in Figure 2. 2.a. This shift in demand will cause the equilibrium price to rise from P 1 to P 2 and the equilibrium quantity to increase from Q 1 to Q 2 . 5 Cha...

Ngày tải lên: 20/01/2014, 20:20

... of each. Chapter 3: Consumer Behavior 24 (1) Preferences are complete: this means that the consumer is able to compare and rank all possible baskets; (2) Preferences are transitive: this means ... can of coke. a. What can you say about Jon’s marginal rate of substitution? 25 Chapter 3: Consumer Behavior 26 Jon’s marginal rate of substitution can be defined as the number of cans of .....

Ngày tải lên: 20/01/2014, 20:20

... Chapter 12: Monopolistic Competition and Oligopoly 191 CHAPTER 12 MONOPOLISTIC COMPETITION AND OLIGOPOLY REVIEW QUESTIONS 1. What ... enter the incumbent firm’s demand and marginal revenue curves shift Chapter 12: Monopolistic Competition and Oligopoly 1 92 inward, reducing the profit-maximizing quantity. Eventually, profits fall ... new product by a firm will reduce the price recei...

Ngày tải lên: 26/01/2014, 00:20

... yen. 6. The price of long-distance telephone service fell from 40 cents per minute in 1996 to 22 cents per minute in 1999, a 45-percent (18 cents/40 cents) decrease. The Consumer Price Index ... be accepted or rejected. Therefore, it contributes little to our understanding of reality. 2. Which of the following two statements involves positive economic analysis and which normative? ....

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 ... price ratio is equal to the MRS. Suppose the consumer chooses the quantity of goods 1 and 2 such that P 1 P 2 = MRS. As the price of good 1 falls, the price ratio becomes a smal...

Ngày tải lên: 26/01/2014, 00:20

... aversion (or risk loving) depends on the nature of the risk involved and on the person’s income. 2. Why is the variance a better measure of variability than the range? Range is the difference

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 the Deleted: ... change the levels of all inputs. In the long-run production function, all inputs are variable. 2. Why is the marginal product of labor likely to increase initially in the short ru...

Ngày tải lên: 26/01/2014, 00:20

... 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 owner ... trades his or her time in return for money. Therefore, an annual retainer is an explicit cost. 2. The owner of a small retail store does her own accounting work. How would you measure the oppo...

Ngày tải lên: 26/01/2014, 00:20

... its mix of inputs to 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 103 ... costs are variable, and thus, all costs must be covered if the firm is to remain in business. 2. Explain why the industry supply curve is not the long-run industry marginal cost curve....

Ngày tải lên: 26/01/2014, 00:20

... captured by either group, and surplus not captured by market participants is deadweight loss. 2. Suppose the supply curve for a good is completely inelastic. If the government imposed a price ... demanded and hence consumer surplus, leading to a Chapter 9: The Analysis of Competitive Markets 120 deadweight loss because the farmer is not able to capture the lost surplus. Giving the far...

Ngày tải lên: 26/01/2014, 00:20