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

... happened to the real price of telephone service? Let the CPI for 19 96 equal 1 and the CPI for 19 99 equal 1. 1, which reflects a 10 % increase in the overall price level. To find the real price ... Chapter 1: Preliminaries 1 PART I INTRODUCTION: MARKETS AND PRICES CHAPTER 1 PRELIMINARIES Chapter 1: Preliminaries 2 QUESTIONS FOR REVIEW 1. It is often said that ... service fell from 40 cents per minute in 19 96 to 22 cents per minute in 19 99, a 45-percent (18 cents/40 cents) decrease. The Consumer Price Index increased by 10 -percent over this period. What happened...

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

... $5,000 to invest in a mutual fund. The expected return on mutual fund A is 15 % and the expected return on mutual fund B is 10 %. Should George pick mutual fund A or fund B? George’s decision will ... and Consumer Behavior 64 CHAPTER 5 UNCERTAINTY AND CONSUMER BEHAVIOR QUESTIONS FOR REVIEW 1. What does it mean to say that a person is risk averse? Why are some people likely to be risk...

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

... Chapter 9: The Analysis of Competitive Markets 11 7 CHAPTER 9 THE ANALYSIS OF COMPETITIVE MARKETS REVIEW QUESTIONS 1. What is meant by deadweight loss? Why does a price ceiling ... market equilibrium quantity, resulting in a loss of Chapter 9: The Analysis of Competitive Markets 11 8 surplus to consumers. Consumers will also purchase less than the quantity they demand at the ... purchase less. The problem with a price floor or Chapter 9: The Analysis of Competitive Markets 11 9 minimum price is that it sends the wrong signal to producers. Thinking that more should be...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 10 pptx

... America, 14 8 F.2d 416 [19 45], discussed in Exercise 8, below.) 6. What factors determine the amount of monopoly power an individual firm is likely to have? Explain each one briefly. Chapter 10 : ... less-than-perfectly-elastic supply curve gives the buyer some monopsony power. Chapter 10 : Market Power: Monopoly and Monopsony 14 2 11 . What are some sources of monopsony power? What determines the amount ... point where the demand curve and the marginal cost curve intersect. Chapter 10 : Market Power: Monopoly and Monopsony 14 1 Prices below this level induce the firm to decrease production, assuming...

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

... completely price inelastic. S 19 76PriceQuantity S 19 86S 19 96D 19 96D 19 86D 19 76 Figure 2 .10 11 . Suppose the demand curve for a product is given by Q =10 -2P+Ps, where P is the price ... shift from D 1 to D2. This will result in a decline in the equilibrium price from P 1 to P2, and a decline in the equilibrium quantity from Q 1 to Q2. See Figure 2.2.c. D 1 P 1 P2SPriceQuantity ... Suppose P= $1. 00. What is the price elasticity of demand? What is the cross-price elasticity of demand? First you need to find the quantity demanded at the price of $1. 00. Q =10 -2 (1) +2 =10 . Price...

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

... good 1 is now rationed the consumer will not be able to attain the utility maximizing point. He or she will have to consume more of the other good instead. This is point B below. good 1 U 1 U2AB ... she is not able to attain her utility maximizing point. 11 . Based on his preferences, Bill is willing to trade 4 movie tickets for 1 ticket to a basketball game. If movie tickets cost $8 each ... 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...

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

... Font: Times NewRoman, 12 ptFormatted: Space Before: 1. 2 line,After: 1. 2 line, Line spacing: 1. 5linesFormatted: Font: Times New RomanFormatted: Font: Times NewRoman, 12 ptChapter 4: Individual ... goods 1 and 2 such that P 1 P2= MRS. As the price of good 1 falls, the price ratio becomes a smaller number and hence the MRS becomes a smaller number. This means that as the price of good 1 ... of good 1. Formatted: Font: Times New RomanFormatted: Font: Times NewRoman, 12 ptFormatted: Bullets and NumberingFormatted: Font: Times New RomanFormatted: Font: Times NewRoman, 12 ptFormatted:...

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

... enough workers and there Formatted: Font: Times NewRoman, 13 ptFormatted: Space Before: 1. 2 line,After: 1. 2 line, Line spacing: 1. 5linesFormatted: Bullets and NumberingDeleted: might ... diminishing, we have to give up less capital for each unit of labor added to keep output constant. 11 . Diminishing returns to a single factor of production and constant returns to scale are not ... can be reduced by 4 units as the other is increased by one unit and output will be the same. 10 . Explain why the marginal rate of technical substitution is likely to diminish as more and more...

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

... statements are true or false. Formatted: Font: Times NewRoman, 13 ptFormatted: Space Before: 1. 2 line,After: 1. 2 line, Line spacing: 1. 5linesChapter 7: The Costs of Production 85 a. If the ... Production 84 CHAPTER 7 THE COST OF PRODUCTION QUESTIONS FOR REVIEW 1. A firm pays its accountant an annual retainer of $10 ,000. Is this an economic cost? Explicit costs are actual outlays. ... then constant returns to scale, its long-run average cost curve falls, then becomes horizontal. 11 . How does a change in the price of one input change the firm’s long-run expansion path? The...

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

... Formatted: Font: Times NewRoman, 13 ptFormatted: Space Before: 1. 2 line,After: 1. 2 line, Line spacing: 1. 5linesChapter 8: Profit Maximization and Competitive Supply 10 3 minimize cost. Thus, the ... Chapter 8: Profit Maximization and Competitive Supply 10 2 CHAPTER 8 PROFIT MAXIMIZATION AND COMPETITIVE SUPPLY REVIEW QUESTIONS 1. Why would a firm that incurs losses choose to produce ... Therefore, constant returns to scale does not always imply long-run horizontal supply curves. 11 . What assumptions are necessary for a market to be perfectly competitive? In light of what you...

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