chapter 5 demand.docVIP

chapter 5 demand Description本次测验由25个单选题构成，每题2分。本次测验时间为60分钟。 This assessment is worth 50 points. Note:? Correct answers appear in Blue.? Incorrect answers and skipped questions appear in Red after Your response. For two goods, A and B, MUA/PA= 25 and MUB/PB=25. The consumer should ?? (1 point) Your response:a. not change the amounts purchased of A and B. ????? (You answered correctly!) Feedback?:? Learning Objective: Apply the rational spending ruleLevel of Learning: AnalysisSource: UniqueType: Word Problem 1? point awarded. The correct answer is: not change the amounts purchased of A and B. purchase less of A and more of B. purchase more of A and B. purchase less of A and B. purchase more of A and less of B. The relationship between the cost of an activity and the amount of the activity consumers want is ?? (1 point) Your response:b. negative. ????? (You answered correctly!) Feedback?:? Learning Objective: Define the law of demandLevel of Learning: KnowledgeSource: UniqueType: Word Problem 1? point awarded. The correct answer is: positive. negative. direct. upward sloping. nonexistent. The price of good A is $2; the price of good B is $2. The marginal utility you get from good A is 40; the marginal utility you get from good B is 60. You should:?? (1 point) Your response:b. consume more of good B and less of good A. ????? (You answered correctly!) Feedback?:? Increase the consumption of that good that provides the greatest MU/P. Divide the MU by the price. 40/2 is less than 60/2 so you consume more of good B. 1? point awarded. The correct answer is: consume more of good A and less of good B. consume more of good B and less of good A. keep consuming equal amounts of both goods. realize that you dont have enough information to answer the question. The price of good A is $1; the price of good B is $2. The marginal utility you get from good A is 40; the marginal utility you get from good B is 60. You should:?? (1 point)