Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 6 doc

... Chapter 6: Production 74 CHAPTER 6 PRODUCTION QUESTIONS FOR REVIEW 1. What is a production function? How does a ... measures the extra output produced by an extra unit of labor all else the same. Chapter 6: Production 76 The point at which the average product begins to decline is the point where average ... gains to specialization, such tDeleted: hat with more Deleted: worker Deleted: one Chapter 6: Production 75 will be no more gains from specialization. At this point, the marginal product...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 4 docx

... unaffected by the tax-rebate program, because in this case the household pays 0.20*800=$ 160 in taxes and receives $ 160 as an annual tax rebate. The two effects would cancel each other out. To the extent ... out. The equilibrium quantity and price will increase. Chapter 4: Individual and Market Demand 46 c. a cut in the industry’s costs of producing domestic clothes that is passed on to the market ... consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $ 160 annual tax rebate per household. Will the household be better or worse off under the new program?...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 7 docx

... economic terms.Deleted: not Deleted: possesses certain Chapter 7: The Costs of Production 86 such as care of a child or elderly person at home, which would have had a value to those receiving ... until it is equal to the ratio of the input prices (rental rate on capital divided by wage rate). 6. Why are isocost lines straight lines? The isocost line represents all possible combinations...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 8 doc

... what could be earned elsewhere, then the owner is indifferent to staying in business or exiting. 6. At the beginning of the twentieth century, there were many small American automobile manufacturers. ... in scale. Doubling inputs will still Chapter 8: Profit Maximization and Competitive Supply 1 06 yield double output, but because of rising costs, the firm cannot offer increasing amounts of...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 11 docx

... welfare. PriceQuantityP1P2Consumer SurplusDQ1Q2 Figure 11.3 161 Chapter 11: Pricing with Market Power 162 4. Give some examples of third-degree price discrimination. Can third-degree ... only one eye doctor. Are senior citizens more likely to be offered discount prices for dental exams or for eye exams? Why. The dental market is competitive, whereas the eye doctor is a local ... and charge theaters for showing both films. The price Chapter 11: Pricing with Market Power 166 would have been the combined reservation prices of the last theater that Loews wanted to attract....

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 1 pptx

... U.S. automobile priced in dollars requires fewer yen. 6. The price of long-distance telephone service fell from 40 cents per minute in 19 96 to 22 cents per minute in 1999, a 45-percent (18 cents/40 ... 10-percent over this period. What happened to the real price of telephone service? Let the CPI for 19 96 equal 1 and the CPI for 1999 equal 1.1, which reflects a 10% increase in the overall price level....

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 2 pdf

... support the conclusion that demand is completely price inelastic. S19 76 PriceQuantity S19 86 S19 96 D19 96 D19 86 D19 76 Figure 2.10 11. Suppose the demand curve for a product is given ... ButterQ1Q2D2 Figure 2.2.c 3. If a 3-percent increase in the price of corn flakes causes a 6- percent decline in the quantity demanded, what is the elasticity of demand? The elasticity of ... divided by the percentage change in the price. The elasticity of demand for corn flakes is −+=− 6 32. This is equivalent to saying that a 1% increase in price leads to a 2% decrease in quantity...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 3 pdf

... units of good 2 for one unit of good 1. If the MRS at the current bundle is 6, then the consumer is willing to trade 6 units of good 2 for one unit of good 1. Since the two slopes are not equal ... is always willing to trade the same number of units of one good in exchange for the other. 6. Explain why an MRS between two goods must equal the ratio of the price of the goods for the ... What can you say about Jon’s marginal rate of substitution? 25 Chapter 3: Consumer Behavior 26 Jon’s marginal rate of substitution can be defined as the number of cans of coke he would be...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 5 pptx

... the payoff is the loss of the consumer’s life. Chapter 5: Uncertainty and Consumer Behavior 66 5. Why do people often want to insure fully against uncertain situations even when the premium ... useful measure of variability than the range. Chapter 5: Uncertainty and Consumer Behavior 65 3. George has $5,000 to invest in a mutual fund. The expected return on mutual fund A is ... Chapter 5: Uncertainty and Consumer Behavior 64 CHAPTER 5 UNCERTAINTY AND CONSUMER BEHAVIOR QUESTIONS FOR REVIEW 1. What does it mean to...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 9 pptx

... leave some of their acreage idle. This reduces supply, driving up the price of wheat or corn. 6. Suppose the government wants to increase farmers’ incomes. Why do price supports or acreage...

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