Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 3 pdf

... not like. 3. Explain why two indifference curves cannot intersect. Chapter 3: Consumer Behavior The explanation is most easily achieved with the aid of a graph such as Figure 3. 3, which shows ... the index will be lower, or understated. Chapter 3: Consumer Behavior 23 PART II PRODUCERS, CONSUMERS, AND COMPETITIVE MARKETS CHAPTER 3 CONSUMER BEHAVIOR QUESTIONS FOR REVIEW 1. What ... consumer would have been able to attain the same level of utility at a lower cost Chapter 3: Consumer Behavior 33 by altering their consumption bundle. Since the base year cost is overstated, the...

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

... Q2. See Figure 2.2.c. D1P1P2SPriceQuantity of ButterQ1Q2D2 Figure 2.2.c 3. If a 3- percent increase in the price of corn flakes causes a 6-percent decline in the quantity demanded, ... divided by the percentage change in the price. The elasticity of demand for corn flakes is −+=−6 3 2. This is equivalent to saying that a 1% increase in price leads to a 2% decrease in quantity...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 12 pdf

... profit-maximizing quantity. Eventually, profits fall to zero, leaving no incentive for more firms to enter. 3. Some experts have argued that too many brands of breakfast cereal are on the market. Give an ... of the firm that is limiting its sales. Chapter 12: Monopolistic Competition and Oligopoly 1 93 5. In the Stackelberg model, the firm that sets output first has an advantage. Explain why....

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

... a conclusion derived from positive economic analysis of the policy. Chapter 1: Preliminaries 3 b. Gasoline rationing is a policy under which more people are made worse off than are made ... rationing is without making a value judgment about the desirability of the rationing policy. 3. Suppose the price of unleaded regular octane gasoline were 20 cents per gallon higher in New ... opportunity for arbitrage, given both transactions costs and transportation costs. 4. In Example 1 .3, what economic forces explain why the real price of eggs has fallen while the real price of a...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 4 docx

... For both types of goods, normal and inferior, we still assume that more is preferred to less. 3. Explain whether the following statements are true or false. a. The marginal rate of substitution ... elasticity estimates the elasticity over a range of prices.¶Chapter 4: Individual and Market Demand 43 b. The level of utility increases as an individual moves downward along the demand curve. This ... long run is more elastic since consumers have had more time to adjust to the change in price. 13. Explain the difference between a positive and a negative network externality, and give an example...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 5 pptx

... measure of variability than the range. Chapter 5: Uncertainty and Consumer Behavior 65 3. George has $5,000 to invest in a mutual fund. The expected return on mutual fund A is 15% and...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 6 doc

... workers. Eventually, there will be enough workers and there Formatted: Font: Times NewRoman, 13 ptFormatted: Space Before: 1.2 line,After: 1.2 line, Line spacing: 1.5linesFormatted: Bullets ... will be no more gains from specialization. At this point, the marginal product will diminish. 3. Why does production eventually experience diminishing marginal returns to labor in the short...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 7 docx

... time would be worth in its next best use. 3. Please explain whether the following statements are true or false. Formatted: Font: Times NewRoman, 13 ptFormatted: Space Before: 1.2 line,After: ... a case with constant product-specific returns to scale and multiproduct economies of scope. 13. Is the firm’s expansion path always a straight line? Formatted: Bullets and Numbering...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 8 doc

... Formatted: Font: Times NewRoman, 13 ptFormatted: Space Before: 1.2 line,After: 1.2 line, Line spacing: 1.5linesChapter 8: Profit Maximization and Competitive Supply 1 03 minimize cost. Thus, the ... and the firm will earn zero profit, so that any level of output where MC>AC is not possible. 3. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true? ... is no shift in the supply curve. Chapter 8: Profit Maximization and Competitive Supply 107 13. The government passes a law that allows a substantial subsidy for every acre of land used to...

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

... quantity. Consumers capture all decreases in total revenue. Therefore, no deadweight loss occurs. 3. How can a price ceiling make consumers better off? Under what conditions might it make them...

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