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2011西方经济学复习题(2011 review questions of Western Economics)
2011 review questions of Western Economics
First, the noun explanation:
1 marginal utility: net utility resulting from the last unit consumption at each stage when consumption increases.
2, the best combination of factors of production: refers to the minimum production costs to produce the largest output of the combination of factors.
3, economies of scale: refers to the industry is suitable for large-scale operations, if suitable for large-scale operations, known as economies of scale, otherwise it is not economies of scale.
4. Opportunity cost: when the producer uses certain resources to obtain some kind of income, he gives up the maximum income which can be obtained in other possible uses.
5, cross elasticity of demand: refers to a specific period of time, the ratio of a change in the demand for goods or services, and the ratio of the change in the demand for another commodity or service.
6, implicit cost: refers to the manufacturers own and is used for the production of factors of production, but in fact did not pay.
Two. Fill in the blanks:
1, in the image, the change of demand for performance ((the demand curve moving around), changes in demand) is ((movement along the demand curve up and down)).
2, if the total income of the seller decreases with the increase of the price, then the demand for the goods is (elastic) in the price range.
3, if a consumer spends several goods at the same time, the principle of (utility maximization) is to make the marginal utility equal to the goods purchased by each monetary unit in each expenditure.
In 4, the price consumption curve at any point on, is the consumer choice in the corresponding price level ((product mix point of maximal satisfaction purchases)).
In 5, the indifference curve and budget line tangent to two curves (tangent), the slope is equal, which means that the two commodities ((marginal benefit ratio)) is equal to two commodities ((price ratio)).
6. In th
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