微观经济学检测题.docVIP

课堂复习测试 Question 1 Please identify the similarity and differences between perfect competition and monopolistic competition. Question 2 You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of spending the $100 now? Question 3 When the price of good Y is $5, the quantity consumed of good X is 50. When the price of good Y falls to $4, the quantity consumer of X is 65. Calculate the cross-price elasticity and indicate the nature of the relationship between the two goods (i.e. Substitutes or complements). Question 4 How will each of the following affect the position of the demand curve for videocassette recorders (VCRs)? Using diagrams to illustrate. (1) An increase in the price of VCR tapes. (2) A decrease in the price of VCRs. (3) An increase in income. (4) A decrease in the price of movie tickets. Question 5 From the following demand and suppply schedules of apples: What is the equilibrium price and quantity in this market? (2) If the actual price in this market were above the equilibrium price, what would drive the market toward the equilibrium? If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium? Question 6 Suppose that your demand schedule for compact discs is as follows: （1）Calculate your price elasticity of demand as the price of compact discs increases from $8 to $10 if your income is $10,000. （2）Calculate your income elasticity of demand as your income increases from $10,000 to $12,000 if the price is $12. Question 7 Give an example of a negative externality and a positive externality. Question 8 Multiple choices (1)The independent and self-interested decisions of many buyers and many sellers of goods and services have proven a. remarkably successful in providing a national defense. b. to be, without exception, inefficient. c. to be unsuccessful in pr