哈伯德微观经济学Charpter

1. When total utility is maximized, which of the follow ing is true concerning marginal utility? A. Margi nal utility is mi ni mized. B. Marginal utility is also maximized. C. Marginal utility equals zero.D. Marginal utility is equal to total utility. 2.Which of the followi ng stateme nts concerning total utility and margi nal utility is correct? 个人收集整理，勿做商业用途A. Total utility is the sum of marginal utilities.B. Margi nal utility is the sum of total utility.C. Margi nal utility is maximized whe n total utility is zero. 资料个人收集整理，勿做商业用途D. Margi nal utility is usually larger than total utility. 资料个人收集整理，勿做商业用途3.Refer to the table below. Total utility derived from consuming three ice cream cones equals:资料个人收集整理，勿做商业用途A. 34.B. 24.C. 22.D. 6. 4.Refer A. Greater at points u and v tha n at points w and x.B. Greater at points w and x than at p oi nts u and v.资料个人收集整理，勿做商业用途C. Greatest at point y.D. The same at p oi nts u and v tha n at points w and x. 资料个人收集整理，勿做商业用途 5.What is a budget con stra int?A. A limited amount of in come available to con sumers to spend on goods and services. 资料个人收集整理，勿做商业用途B. The amount of money n ecessary to pu rchase a give n comb in atio n of goods.资料个人收集整理，勿做商业用途C. An amount of in come that yields equal marginal utility per dollar spent.资料个人收集整理，勿做商业用途D. The amount of in come that must be spent on goods and services in order to maximize utility from con sum ptio n.资料个人收集整理，勿做商业用途6.Refer to the formula below. In this case, the marginal utility per dollar spent on good X is lesstha n the marginal utility per dollar spent on good Y. Accord ing to the rule of equal marginal utility per dollar spent, what can a con sumer do in order to in crease total utility from consumption of goods X and Y?资料个人收集整 A. I ncrease the con sum pti on of good X. -----------------------------------------------B. In crease the consump ti on of good Y.C. Decrease the consump ti on of both goods.D. In crease the consump ti on of both goods.7. Supp ose you have a fixed budget for two goods, X and Y. The price of good X is Px = $10 and the p rice of good Y is Py = $5. The margi nal utility of X is MUx= 60 utils and the margi nal utility of Y is MUy = 15 utils. Should the consump ti on of X an d/or Y be higher, lower, or rema in the same?资料个人收集整理，勿做商业用途 A. Consump ti on of good X should decrease, and consump ti on of good Y should in crease.资料个资料to the figure below. Margi nal utility is:资料个人收集整理，勿做商业用途人收集整理，勿做商业用途B.The curre nt comb in ati on of goods maximizes total utility. Consump ti on should rema in the same.资料个人收集整理，勿做商业用途C.Consump ti on of good X should in crease, and consump tio n of good Y should decrease. 资料个人收集整理，勿做商业用途D.The con sum ption of goods X and Y should in crease.资料个人收集整理，勿做商业用途8.Refer to the table below. As stated in the first row, the in come of the con sumer (I) equals $20. The price of good X(Px) equals $3.00 and the price of good Y (Py) equals $2.00. Total utility derived from consuming X and Y is listed.What comb in ati on of goods X and Y will maximize utility subject to her budget con stra int?A. 4 units of X and 4 units of Y.资料个人收集整理，勿做商业用途B. 6 units of X and 6 units of Y.C. 4 units of X and 3 units of Y.D. 6 units of X and 1 unit of Y.9. Fill in the blanks. The change in the quantity demanded of a good that results from________________________________ , holdi ng all other factors con sta nt, is known as the in come effect .资料个人收集整理，勿做商业用途A.the tendency of people to be un willi ng to sell someth ing they own 资料个人收集整理，勿做商业用途B.the effect of a cha nge in price on con sumer pu rchas ing po wer 资料个人收集整理，勿做商业用途C. a cha nge in price making the good more or less expen sive relative to other goods 资料个人收集整理，勿做商业用途D.an in crease in the usefu In ess of a p roduct as the nu mber of con sumers who use it in creases 资料个人收集整理，勿做商业用途10.How do the in come and substituti on effects work whe n the p rice of an in ferior good decreases?资料个人收集整理，勿做商业用途A.The in come effect causes an in crease in the qua ntity dema nded and the substituti on effect causes a decrease inthe qua ntity dema nded. 资料个人收集整理，勿做商业用途B.Both the in come effect and the substituti on effect cause a decrease in the qua ntity dema nded of the good.资料个人收集整理，勿做商业用途C.The in come effect causes a decrease in the qua ntity dema nded and the substituti on effect causes an in crease inthe qua ntity dema nded. 资料个人收集整理，勿做商业用途D.Both the in come effect and the substituti on effect cause an in crease in the qua ntity dema nded of the good.资料个人收集整理，勿做商业用途11.Refer to the figure below. The graph shows your weekly dema nd for pi zza. How was this dema nd curve con structed?资料个人收集整理，勿做商业用途A.By computing your consumption of pizza when both the price of pizza and the number of slices you con sume per weekrema in con sta nt. 资料个人收集整理，勿做商业用途B.By computing your consump tio n of pi zza whe n the price of pi zza rema ins con sta nt. 资料个人收集整理，勿做商业用途C.By compu ti ng your op timal consump ti on of pi zza at the various p rices show n. 资料个人收集整理，勿做商业用途D. By compu ti ng your consump ti on of pi zza at various p rices, regardless of utility gain ed. 资料个人收集整理，勿做商业用途12.What are the characteristics of Giffen goods?A.Giffen goods are no rmal, not in ferior goods.B.Giffe n goods have dow nward-slo ping dema nd curves.资料个人收集整理，勿做商业用途C.Giffen goods are goods for which the in come effect p revails over the substituti on effect whe n price chan ges.资料个人收集整理，勿做商业用途D.All of the above.13.What happens whe n n etwork exter nalities are p rese nt? 资料个人收集整理，勿做商业用途A.The usefu In ess of a p roduct decreases as the nu mber of p roducts rises. 资料个人收集整理，勿做商业用途B.The usefu In ess of telecom muni cati ons equipment rises. 资料个人收集整理，勿做商业用途C.The usefu In ess of a p roduct in creases with the nu mber of con sumers who use it. 资料个人收集整理，勿做商业用途资料D. The usefu In ess of n etworks dimini shes with the nu mber of con sumers who en ter them.个人收集整理，勿做商业用途14.What are the pote ntial results of p ath depen de nee? 资料个人收集整理，勿做商业用途A.Market failure.B. A loss of efficie ncy if the gover nment chooses to in terve ne in these markets. 资料个人收集整理,勿做商业用途C. A reducti on in switch ing costs.D.All of the above.15.Which of the follow ing is con siste nt with the gen eral view of fair ness by con sumers? 资料个人收集整理，勿做商业用途A.In order to part with their mon ey, con sumers n eed to receive someth ing material in retur n. 资料个人收集整理，勿做商业用途B.Making don ati ons gives people more utility tha n if they had kept the money and spent it on themselves.资料个人收集整理，勿做商业用途C.People leave tips but on ly if they an tici pate returni ng to the same restaura nt aga in. 资料个人收集整理，勿做商业用途D.All of the above.16.I n the ultimatum game, whe n the allocator and the recipient care about fair ness, how is the distributio n of$20.00 affected? 资料个人收集整理，勿做商业用途A.Allocators and recipients always end up sharing the $20.00 equally. 资料个人收集整理，勿做商业用途B.Allocators receive everyth ing and recipien ts nothing. 资料个人收集整理，勿做商业用途C.Reci pients usually reject offers of less than a 10 perce nt share. 资料个人收集整理，勿做商业用途D.Allocators usually offer recipients a very small share.资料个人收集整理，勿做商业用途17.Refer to the figure below. When p roducers take fair ness into acco unt, which of the followi ng could be true?资料个人收集整理，勿做商业用途A.Producers could charge $75 even though the result would be a shortage. 资料个人收集整理，勿做商业用途B.P roducers could raise p rices gradually as dema nd stre ngthe ns. 资料个人收集整理，勿做商业用途C.P roducers could charge $145 in an tici patio n of stro nger dema nd. 资料个人收集整理，勿做商业用途D.The market will almost always settle in equilibrium at $125. 资料个人收集整理，勿做商业用途17 2118. Fill in the bla nks. Researchers have found that sometimes firms will give up some p rofits inthe _____________ t o kee p their customers happy and in crease their p rofits in the _______________________ .料个人收集整理，勿做商业用途A. sale of some goods; sale of other goodsB. short run; long runC. early stages of product develo pment; mature market 资料个人收集整理，勿做商业用途D. long run; short run19. Which of the followi ng mistakes do con sumers com mon ly commit whe n mak ing decisi ons? 料个人收集整理，勿做商业用途A. They are overly op timistic about their future behavior. 资料个人收集整理，勿做商业用途B. They fail to ignore sunk costs.C. They take into acco unt mon etary costs but ignore nonmon etary opportunity costs.资料个人收集整理，勿做商业用途D. All of the above.20. Using advertis ing to convert myopic con sumers into sop histicated con sumers is:资料个人收集整理，勿做商业用途A. a popu lar way for firms to gai n a comp etitive adva ntage over rival firms资料个人收集整理，勿做商业用途B. a highly p rofitable strategyC. p rofitable only un der certa in con diti onsD. not a p rofitable strategy21. Refer to the figure below. Which comb in ati ons are con sidered to be equivale nt comb in ati ons?资料个人收集整理，勿做商业用途A. All four poin ts, or comb in atio ns show n are equivale nt comb in ati ons资料个人收集整理，勿做商业用途B. In this diagram, no comb in atio n is equivale nt to ano ther. 资料个人收集整理，勿做商业用途C. The comb in ati ons u and v.D. The comb in atio ns w and t.22. Refer to the figure below. If the price of pi zza is $5, how much is the mon thly in come of the consumer?资料个人收集整理，勿做商业用途A. The mon thly in come of this con sumer is not a sin gle nu mber but it is cha nging from one 资料 个人收集整理，勿做商业用途month to ano ther B. $10 C. $100 D. $202323. Refer to the figure below. Along this budget line, what do points B, C, and E have in com mon? 资料个人收集整理，勿做商业用途A. At all three points total utility is maximized.B. Any of those comb in ati ons can be obta ined with the same amount of in come. 理，勿做商业用途C. At all three points the price of burgers is the same as the p rice of tacos.资料个人收集整理，勿做商业用途22资料个人收集整D.All of the above stateme nts are correct.24.Refer to the figure below. When trying to maximize utility subject to a budget con stra int, the consumer wouldchoose?资料个人收集整理，勿做商业用途A.Point e only.B.Either point e or point j only.C.Any one of points k, e, or j.D.Point k only.25.Refer to the figure below. Which of the followi ng poin ts corres ponds to the affordable bun dle that yields thehighest total utility? 资料个人收集整理，勿做商业用途A. Poi nt e.B.P oi nt w.C.P oi nt 乙D.P oi nt b.2425版权申明本文部分内容，包括文字、图片、以及设计等在网上搜集整理。