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

... from S1 to S 2 in Figure 2. 2.b, resulting in a higher equilibrium price, P 2 , covering the higher production costs, and a lower equilibrium quantity, Q 2 . 6 DP1P 2 S 2 PriceQuantity ... D1 to D 2 in Figure 2. 2.a. This shift in demand will cause the equilibrium price to rise from P1 to P 2 and the equilibrium quantity to increase from Q1 to Q 2 . 5 Chapter 2: The Basics ... D1 to D 2. This will result in a decline in the equilibrium price from P1 to P 2 , and a decline in the equilibrium quantity from Q1 to Q 2 . See Figure 2. 2.c. D1P1P 2 SPriceQuantity...

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

... of each. Chapter 3: Consumer Behavior 24 (1) Preferences are complete: this means that the consumer is able to compare and rank all possible baskets; (2) Preferences are transitive: this means ... can of coke. a. 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 ... consumer can trade 4 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...

Tài liệu Câu hỏi đánh giá môn Kinh tế vĩ mô bằng tiếng Anh- Chương 12 pdf

... Chapter 12: Monopolistic Competition and Oligopoly 191 CHAPTER 12 MONOPOLISTIC COMPETITION AND OLIGOPOLY REVIEW QUESTIONS 1. What ... enter the incumbent firm’s demand and marginal revenue curves shift Chapter 12: Monopolistic Competition and Oligopoly 1 92 inward, reducing the profit-maximizing quantity. Eventually, profits fall ... new product by a firm will reduce the price received and quantity sold of existing products. 2. Why is the firm’s demand curve flatter than the total market demand curve in monopolistic competition?...

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

... yen. 6. The price of long-distance telephone service fell from 40 cents per minute in 1996 to 22 cents per minute in 1999, a 45-percent (18 cents/40 cents) decrease. The Consumer Price Index ... be accepted or rejected. Therefore, it contributes little to our understanding of reality. 2. Which of the following two statements involves positive economic analysis and which normative? ... desirability of the rationing policy. 3. Suppose the price of unleaded regular octane gasoline were 20 cents per gallon higher in New Jersey than in Oklahoma. Do you think there would be an opportunity...

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 ... price ratio is equal to the MRS. Suppose the consumer chooses the quantity of goods 1 and 2 such that P1P 2 = MRS. As the price of good 1 falls, the price ratio becomes a smaller number and ... willing to give up fewer units of good 2 in exchange for another unit of good 1. Formatted: Font: Times New RomanFormatted: Font: Times NewRoman, 12 ptFormatted: Bullets and NumberingFormatted:...

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

... aversion (or risk loving) depends on the nature of the risk involved and on the person’s income. 2. Why is the variance a better measure of variability than the range? Range is the difference...

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 the Deleted: ... change the levels of all inputs. In the long-run production function, all inputs are variable. 2. Why is the marginal product of labor likely to increase initially in the short run as more of ... returns to scale, all inputs are increased in the same proportion and no input is held fixed. 12. Can a firm have a production function that exhibits increasing returns to scale, constant returns...

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

... 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 owner ... trades his or her time in return for money. Therefore, an annual retainer is an explicit cost. 2. The owner of a small retail store does her own accounting work. How would you measure the opportunity ... the cheaper input. Thus, the expansion path bends toward the axis of the now cheaper input. 12. Distinguish between economies of scale and economies of scope. Why can one be present without...

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

... its mix of inputs to 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 103 ... costs are variable, and thus, all costs must be covered if the firm is to remain in business. 2. Explain why the industry supply curve is not the long-run industry marginal cost curve. In ... Chapter 8: Profit Maximization and Competitive Supply 1 02 CHAPTER 8 PROFIT MAXIMIZATION AND COMPETITIVE SUPPLY REVIEW QUESTIONS 1. Why would a firm...

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

... captured by either group, and surplus not captured by market participants is deadweight loss. 2. Suppose the supply curve for a good is completely inelastic. If the government imposed a price ... demanded and hence consumer surplus, leading to a Chapter 9: The Analysis of Competitive Markets 120 deadweight loss because the farmer is not able to capture the lost surplus. Giving the farmers...

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