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中级微观学2013春test I
INTERMEDIATE MICROECONOMICSTEST ISpring 2013Name: Student Number:Registered Class: Monday 3-4/ Monday 10-11/ Tuesday 8-9/ Tuesday 10-11This is a closed book test. You have 1 hour and a half. GOOD LUCK!!Choice (2 points each, 16 points)123456781. Tom thinks the books and magazines are perfect substitutes, one-for-one. If books currently cost $5 and magazines cost $6, and if the price of books rises to $10:a. the income effect of the change in demand for books will be bigger than the substitution effect.b. there will be no change in the demand for magazines.c. the entire change in demand for books will be due to the substitution effect.d. 1/5 of the change will be due to the income effect.2. The demand curve of movie is Q=500?5P. If the current price of tickets is 35, the price elasticity of demand at the current price is a. -0.2 b. -0.54 c. -0.68 d. -13. Which of the following utility functions would not be consistent with the notion that x and y are both “goods” with positive marginal utilities?a..b.U(x, y) = x + y .c. .d.U(x, y) = x/y .4. If two goods are perfect complements:a. there is a bliss point and the indifference curves surround this point.b. consumers will only buy the cheaper of the two goods.c. indifference curves have a positive slope. d. none of the above.5. According to the graph shown, if the government imposes a price ceiling in this market at a price of $5.00, the result would bea. a shortage of 20 units. b. a shortage of 30 units. c. a surplus of 20 units. d. a surplus of 40 units. 6. If utility is given by , this person’s indifference curves area. parabolas.(抛物线)b. hyperbolas.(双曲线)c. concentric circles. (同心圆)d. straight lines.7. Which of the following is an example of a normative, as opposed to positive, statement?a. The price of gasoline came down sharply during the second half of 2006.b. If the government were to set a maximum legal price on gasoline, then there would be a shortage of gasoline.c. Income taxes should be reduced.d. The federal go
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