经济学原理对应练习_1.docVIP

PAGE \* MERGEFORMAT 944?Chapter 21/The Theory of Consumer ChoiceChapter 21/The Theory of Consumer Choice? PAGE \* MERGEFORMAT 899 PAGE \* MERGEFORMAT 898Chapter 21The Theory of Consumer ChoiceMultiple Choice 1. The theory of consumer choice provides the foundation for understandinga. the structure of a firm.b. the profitability of a firm.c. a firms product demand.d. a firms product supply.ANS: C PTS: 1 DIF: 1 REF: 21-0TOP: Consumer choice MSC: Definitional 2. The theory of consumer choice examinesa. the determination of output in competitive markets.b. the tradeoffs inherent in decisions made by consumers.c. how consumers select inputs into manufacturing production processes.d. the determination of prices in competitive markets.ANS: B PTS: 1 DIF: 1 REF: 21-0TOP: Consumer choice MSC: Definitional 3. Consider two goods, books and hamburgers. The slope of the consumers budget constraint is measured by thea. consumers income divided by the price of hamburgers.b. relative price of books and hamburgers.c. consumers marginal rate of substitution.d. number of books purchased divided by the number of hamburgers purchased.ANS: B PTS: 1 DIF: 2 REF: 21-1TOP: Budget constraint MSC: Interpretive 4. If a consumers income decreases, the budget constraint for CDs and DVDs willa. shift outward, parallel to the original budget constraint.b. shift inward, parallel to the original budget constraint.c. rotate outward along the CD axis because we can afford more CDs.d. rotate outward along the DVD axis because we can afford more DVDs.ANS: B PTS: 1 DIF: 2 REF: 21-1TOP: Budget constraint MSC: Analytical 5. If the relative price of a concert ticket is 3 times the price of a meal at a good restaurant, then the opportunity cost of a concert ticket can be measured by thea. slope of the budget constraint.b. slope of an indifference curve.c. marginal rate of substitution.d. income effect.ANS: A PTS: 1 DIF: 2 REF: 21-1TOP: Budget constraint MSC: Analytical 6. When the price of a shirt falls, t