微观经济学（第九版）试题英文版 chapter 05.docxVIP

Microeconomics, 9e (Pindyck/Rubinfeld)Chapter 5 Uncertainty and Consumer Behavior 5.1 Describing Risk Refer to Figure 5.1.1 above. Which of the two jobs is more risky? Job 1B)Job 2 Both are equally risky. Neither job is risky. Answer: ADiff： 1 Section: 5.1 Refer to Figure 5.1.2 above. When Job 1 is compared to Job 2, we come to the following conclusion: Job 1 has a lower expected return, but is less risky. Job 1 has a higher expected return, but is more risky. Job 1 has a higher expected return and is less risky than Job 2. Job 1 has a lower expected return and is more risky than Job 2. Answer: BAssume that one of two possible outcomes will follow a decision. One outcome yields a $75 payoff and has a probability of 0.3; the other outcome has a $125 payoff and has a probability of 0.7. In this case the expected value is: $85. $60. $110. $35. Answer: CDiff: 1 Section: 5.1The weighted average of all possible outcomes of a project, with the probabilities of the outcomes used as weights, is known as the: variance. standard deviation. expected value. coefficient of variation. Answer: CDiff： 1 Section: 5.1Which of the following is NOT a generally accepted measure of the riskiness of an investment? Standard deviationExpected value Variancenone of the above Answer: BDiff: 1 Section: 5.1The expected value of a project is always the: median value of the project. modal value of the project. standard deviation of the project. weighted average of the outcomes, with probabilities of the outcomes used as weights. Answer: DDiff: 1 Section: 5.1 An investment opportunity has two possible outcomes, and the value of the investment opportunity is $250. One outcome yields a $100 payoff and has a probability of 0.25. What is the probability of the other outcome? A)00.25 0.50.乃 E)1.0Answer: D Diff： 1Section: 5.1 The variance of an investment opportunity: cannot be negative. has the same unit of measure as the variable from which it is derived. is a measure of central tendency. is unrelated