效用论习题（Utility theory exercises）.docVIP

效用论习题（Utility theory exercises） 1., consumers prefer X goods over Y goods, because () A. goods X lowest price, B. goods X tight C. commodity X has a wide range of uses, and D. is the most effective commodity X for it 2. when the consumer reaches the saturation point of the commodity X, the marginal utility MUx is A. is B. negative C. zero D. uncertainty, depending on the specific circumstances 3., in ordinal utility theory, the utility of goods () A. depends on the price, B. depends on the use value C. can be compared by exact numbers indicating that D. can compare 4. on the cardinal utility theory, the following statement is incorrect In the A. cardinal utility theory, the utility can be expressed in terms of definite numbers In the B. cardinal utility theory, utility can be summed up The C. cardinal utility theory is the same as the ordinal utility theory D. or more 5., a lady in the income is relatively low, buy Dabao SOD honey as cosmetics, and in the income increase, then go to buy LOREAL, Dabao SOD honey for these people is () A. Kyrgyzstan goods, B. low grade goods, C. normal products, D. necessities 6., when the real income of the consumer rises, he will A. buys fewer low-end goods and B. increases consumption C. moved to a higher indifference curve above D. 7. as regards the conditions for achieving consumer equilibrium, the following are incorrect Under the cardinal utility theory, the ratio of the marginal utility of goods to the price of A. is equal to the ratio of prices B. under the ordinal utility theory, the marginal rate of substitution of two commodities is equal to their price ratio The equilibrium conditions of the C. cardinal utility theory and ordinal utility theory are essentially the same In the D. equilibrium, the amount of utility added by a consumer to a commodity must be greater than the decrease in the utility of another commodity 8. in Shandong, litchi is 5 times more expensive than apple, while in Guangdong the price of litchi is only