CIMAOperationalLevelE企业经济学2025模拟冲刺题.docxVIP

CIMAOperationalLevelE企业经济学2025模拟冲刺题

考试时间：______分钟总分：______分姓名：______

Question1:

Definedemand.Explainthelawofdemand,highlightingthekeydeterminantsofdemand.Usingyourownexample,illustratehowatleasttwoofthesedeterminantshaverecentlyaffectedthedemandforaproductorserviceofyourchoice.

Question2:

Afirmoperatesinamarketwiththefollowingcoststructure:

*TotalFixedCosts(TFC)=￡1,000

*TotalVariableCosts(TVC)atdifferentlevelsofoutput(Q)areasfollows:

*Q=0,TVC=￡0

*Q=1,TVC=￡150

*Q=2,TVC=￡280

*Q=3,TVC=￡390

*Q=4,TVC=￡500

*Q=5,TVC=￡650

Calculatethefollowingforeachlevelofoutputfrom0to5:

a)TotalCost(TC)

b)AverageTotalCost(ATC)

c)AverageVariableCost(AVC)

d)MarginalCost(MC)

PlottheATCandMCcurvesonagraph(ensureaxesareclearlylabelled,butdonotincludenumericalvaluesontheaxesthemselves).ExplaintherelationshipbetweentheMCcurveandtheATCcurve.

Question3:

Explaintheconceptofpriceelasticityofdemand.Calculatethepriceelasticityofdemand(usingthemidpointmethod)foraproductifthepricefallsfrom￡20to￡15andthequantitydemandedincreasesfrom100unitsto150units.Interprettheresultofyourcalculation.

Question4:

Brieflydescribethecharacteristicsofperfectcompetition.Outlinetheconditionsforafirmtoachievelong-runequilibriuminaperfectlycompetitivemarket.Explainthesignificanceofeconomicprofitbeingzerointhislong-runequilibrium.

Question5:

DistinguishbetweennominalGDPandrealGDP.ExplainthepurposeofusingrealGDPtomeasureeconomicperformance.AcountrysnominalGDPincreasedby5%duringayear,whileitsinflationrate(asmeasuredbytheGDPdeflator)was3%.CalculatetheapproximatepercentagegrowthinrealGDP.

Question6:

Whatisunemployment?Describetwodifferenttypesofunemployment(otherthanfricti