经济学Chapter3练习（学生版）.docxVIP

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Chapter3ConsumerDemand

I.Writedowntheappropriatetermaccordingtoeachdefinition.

1._________________:Thepleasureorsatisfactionobtainedfromagoodorservice.

2._____________________:Theamountofsatisfactionobtainedfromentireconsumptionofaproduct.

3.______________________:Thesatisfactionobtainedbyconsumingoneadditional(marginal)unitofagoodorservice.

4.______________________:Themarginalutilityofagooddeclinesasmoreofitisconsumedinagiventimeperiod.

5.______________________:Thepercentagechangeinquantitydemandeddividedbythepercentagechangeinprice.

6._______________________:Thepriceofaproductmultipliedbythequantitysoldinagiventimeperiod.

II.Choosethemostappropriateanswerforeachquestion.

3.Marginalutilityisanimportanteconomicconceptbecauseit:?

A.Indicatesthebudgetlimitationsoftheconsumer.

B.Isthetotalutilityaconsumerreceivesfromagood.

C.Canbeusedtopredicttheamountofagoodarationalconsumerwillpurchase.

D.Predictstheamountofagoodabusinesswillproduce.

4.Accordingtothelawofdiminishingmarginalutility:?

A.Totalutilityfromconsumingagoodalwaysrises.

B.Totalutilityfromconsumingonemoreunitofagoodeventuallyfalls.

C.Marginalutilityofagooddeclinesasmoreofitisconsumedinagiventimeperiod.

D.Marginalproductoflabordeclinesasmoreofavariableinputisused.

5.Javiergoestoanall-you-can-eatbuffetataChineserestaurantandconsumesthreeplatesoffood.Whichofthefollowingexplainswhythethirdplateoffooddoesnotprovideasmuchsatisfactionasthesecondplate??

A.Thelawofexpandingexternalities.B.Theruleoftotalutility.

C.Thelawofsupply.D.Thelawofdiminishingmarginalutility.

6.Thelawofdiminishingmarginalutilityhelpstoexplainthe:?

A.Upwardslopingsupplycurve.B.Equilibriumprice.

C.Downwardslopingdemand