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微观经济学期末考试-2014级课件
微观经济学;时间地点;考试形式;题型题量;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;Refer to Figure 1. The price paid by buyers after the tax is imposed is
a.$3.
b.$4.
c.$5.
d.$7.;Refer to Figure 1. Which of the following is correct?
a. 1/4 of the burden of the tax falls on buyers, and 3/4 of the burden of the tax falls on sellers.
b. 1/3 of the burden of the tax falls on buyers, and 2/3 of the burden of the tax falls on sellers.
c. 1/2 of the burden of the tax falls on buyers, and 1/2 of the burden of the tax falls on sellers.
d. 2/3 of the burden of the tax falls on buyers, and 1/3 of the burden of the tax falls on sellers. ;Refer to Figure 1. How much tax revenue does this tax produce for the government?
a.$24.
b.$30.
c.$32.
d.$56.;Refer to Figure 2. If the market price is $10, what is the firm’s short-run economic profit?
a.$9.
b.$15.
c.$30.
d.$50.;Refer to Figure 2. The firm will earn zero economic profit if the market price is
a.$0.
b.$6.
c.$7.
d.$10.;TRUE/FALSE Economic growth causes a production possibilities frontier to shift outward.;TRUE/FALSE If the demand for a good falls when income falls, then the good is called an inferior good.;TRUE/FALSE A If we observe that when the price of chocolate increases by 10%, total revenue increases by 10%, then the demand for chocolate is unit price elastic. ;TRUE/FALSE; The area below the demand curve and above the supply curve measures the producer surplus in a market. ;TRUE/FALSE;TRUE/FALSE;TRUE/FALSE;CALCULATION;CALCULATION;CALCULATION;SHORT ANSWER;SHORT ANSWER;SHORT ANSWER;GRAPHICALLY ANALYSES;GRAPHICALLY ANALYSES;GRAPHICALLY ANALYSES;Under what conditions will a competitive firm have profits in the short run? Under what conditions will it have losses in the short run? Graph your answer. ; Profit = (P – ATC)×Q.
A competitive firm will ear
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