微观经济学期末考试-2014级课件.pptVIP

微观经济学;时间地点;考试形式;题型题量;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;MULTIPLE CHOICES;Refer to Figure 1. The price paid by buyers after the tax is imposed is a.$3. b.$4. c.$5. d.$7.;Refer to Figure 1. Which of the following is correct? a. 1/4 of the burden of the tax falls on buyers, and 3/4 of the burden of the tax falls on sellers. b. 1/3 of the burden of the tax falls on buyers, and 2/3 of the burden of the tax falls on sellers. c. 1/2 of the burden of the tax falls on buyers, and 1/2 of the burden of the tax falls on sellers. d. 2/3 of the burden of the tax falls on buyers, and 1/3 of the burden of the tax falls on sellers. ;Refer to Figure 1. How much tax revenue does this tax produce for the government? a.$24. b.$30. c.$32. d.$56.;Refer to Figure 2. If the market price is $10, what is the firm’s short-run economic profit? a.$9. b.$15. c.$30. d.$50.;Refer to Figure 2. The firm will earn zero economic profit if the market price is a.$0. b.$6. c.$7. d.$10.;TRUE/FALSE Economic growth causes a production possibilities frontier to shift outward.;TRUE/FALSE If the demand for a good falls when income falls, then the good is called an inferior good.;TRUE/FALSE A If we observe that when the price of chocolate increases by 10%, total revenue increases by 10%, then the demand for chocolate is unit price elastic. ;TRUE/FALSE; The area below the demand curve and above the supply curve measures the producer surplus in a market. ;TRUE/FALSE;TRUE/FALSE;TRUE/FALSE;CALCULATION;CALCULATION;CALCULATION;SHORT ANSWER;SHORT ANSWER;SHORT ANSWER;GRAPHICALLY ANALYSES;GRAPHICALLY ANALYSES;GRAPHICALLY ANALYSES;Under what conditions will a competitive firm have profits in the short run? Under what conditions will it have losses in the short run? Graph your answer. ; Profit = (P – ATC)×Q. A competitive firm will ear