微观经济学-题库.doc

《微观经济学-题库.doc》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。

1、Microeconomics,10e(Parkin)Part2ReviewHowMarketsWork1)Gadgets,Inc.canincreaseitstotalrevenuebyraisingthepriceofitsproduct.FromthisresultwecanconcludethattheA)priceincreaseincreasesdemandforthefirm'sproduct.B)firmsellsaninferiorgood.C)demandforthefirm'sproductisprice

2、inelastic.D)demandforthefirm'sproductispriceelastic.Answer:CTopic:TotalRevenueandElasticitySkill:ConceptualQuestionhistory:Previousedition,PartReview2AACSB:ReflectiveThinking2)Widgets,Inc.canincreaseitstotalrevenuebyloweringthepriceofitsproduct.Fromthisresultwecanc

3、oncludethattheA)decreaseinpriceincreasesdemandforthefirm'sproduct.B)firmsellsaninferiorgood.C)demandforthefirm'sproductispriceinelastic.D)demandforthefirm'sproductispriceelastic.Answer:DTopic:TotalRevenueandElasticitySkill:ConceptualQuestionhistory:Previousedition,

4、PartReview2AACSB:ReflectiveThinking3)IfOPECcutsoilproductiontoincreasetheirtotalrevenue,weknowthatA)thedemandforgasolinewilldecrease.B)thepriceofgasolinewillfall.C)thedemandforoilintheglobalmarketisinelastic.D)OPECfacesahorizontaldemandforoilcurve.Answer:CTopic:Tot

5、alRevenueandElasticitySkill:ConceptualQuestionhistory:Previousedition,PartReview2AACSB:ReflectiveThinking10Copyright©2012PearsonEducation,Inc.4)IfOPECcutsoilproductiontoincreasetheirtotalrevenue,weknowthattheA)demandforgasolinewilldecrease.B)priceofgasolinewillrise

6、.C)demandforoilintheglobalmarketiselastic.D)supplyofgasolinewillincrease.Answer:BTopic:TotalRevenueandElasticitySkill:ConceptualQuestionhistory:Previousedition,PartReview2AACSB:ReflectiveThinking5)IfOPECcutsoilproductiontoincreasetheirtotalrevenue,weknowthattheA)de

7、mandforgasolinewilldecrease.B)priceofgasolinewillfall.C)demandforoilintheglobalmarketiselastic.D)supplyofgasolinewilldecrease.Answer:DTopic:ChangeinSupplySkill:ConceptualQuestionhistory:Previousedition,PartReview2AACSB:ReflectiveThinking10Copyright©2012PearsonEduca

8、tion,Inc.6)Thefigureaboveshowsthemarketfordigitalcameras.Ifthepriceoffilmcamerasfalls,theefficientquantityofdigitalcameraswillbe________thousandc