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經濟學基礎(英)-2022級學習通超星期末考試章節(jié)答案2024年Publicparksandlibrariesareexamplesof
答案:publicgoodsTheinteractionsofproducersandconsumersinindividualmarketsarepartofthestudyof
答案:microeconomicsApersonwhoorganizesandassumestherisksofabusinessventureiscalleda(n)
答案:entrepreneurIfaneconomististryingtofigureout,inacertainsituation,“Whatwouldhappenif?”,thenthateconomistisworkingintheareaof
答案:positiveeconomicsGenerally,ineconomicswestudyhowpeople
答案:makechoiceswhenresourcesarescarceAnassemblylineusedbyamanufacturingfirmisknownasa
答案:capitalgoodAnexampleofafreegoodis
答案:thewaterbubblingupfromthenaturalspringinyourbackyardPaymenttotheownersofnaturalresourcesusedintheproductionprocessisintheformof
答案:rentWhichofthefollowingareasofstudyisincludedinthefieldofmacroeconomics?
答案:generalpricelevelIfyouheardsomeonesaythatcoalminersshouldbepaidmorewagestoenablethemtoadequatelysupporttheirfamilies,thatwouldbeastatementof
答案:normativeeconomicsEconomicscanbeclassifiedbestasa(n)
答案:socialscienceAneconomicserviceneednotbe
答案:tangibleFortheuseoftheemployee’sparticipationinproduction,anemployeereceives
答案:wagesUtilityasaneconomictermrefersto
答案:theabilityofagoodtosatisfyawantAseconomistsusetheterm,capitalmeans
答案:suchthingsasmachineryandequipmentSupposethatCountryAhasanabsoluteadvantageoverCountryBintheproductionofbothwheatandcloth.Theopportunitycostof1unitofwheatis2unitsofclothinCountryAand3unitsofclothinCountryB.Itfollowsthat
答案:CountryAhasacomparativeadvantageinwheatWhenusingtheprincipleofcomparativeadvantage,thepersonwithnoabsoluteadvantageshouldperformthejobinwhichheorshehas
答案:alesserdisadvantageTosolvetheirbasiclong-termeconomicproblems,developingcountriesprimarilyneed
答案:technicalassistanceIfafirmusestechnologicaldevelopmenttochangeitsproductionpossibilitiescurve,itcanmove
答案:outwardinanydirectionProductivityperworkerhasincreasedinthepastprimarilythrough
答案:technologicaldevelopmentAnexampleoftechnologicaldevelopmentistoincreaseoutputthrough
答案:usingbettermachinesUseoftheprincipleofcomparativeadvantageinvolves
答案:bothspecializationandexchangeTheprocessofspecializationandexchangeallowsaproducertobecome
答案:proficientinoneorafewareasofproductionUnderdevelopednations
答案:oftenlackthenaturalresources,skilledlabor,orcapitaltoimprovetheirstandardsoflivingAneconomy’sproductionpossibilitiescurvecouldshiftoutwardasaresultofa(n)
答案:increasedleveloftechnologyAsocietywillbeatapointinsideitsproductionpossibilitiescurvewhenever
答案:someresourcesareunemployedAmovementdownwardtowardtherightalongatypicalproductionpossibilitiescurverepresents
答案:increasingproductionofonegoodanddecreasingproductionoftheotherPeoplemustmakechoicesbecause
答案:wantsareunlimitedandresourcesarescarceWhichofthefollowingistrueofscarcity?
答案:ItisabasicproblemofeconomicsthataffectsallnationsIneconomics,scarcitymeansthat
答案:therearenotenoughresourcesforeverythingthatpeoplewantTomaintainapricebelowtheequilibriumprice,
答案:thegovernmentmustsetaceilingpriceTomaintainapriceabovetheequilibriumprice,
答案:pricemustberegulatedWhenthesupplyofaproductincreasesbutthedemandfortheproductremainsunchanged,theequilibriumpriceoftheproductwill
答案:fall,andequilibriumquantitywillincreaseWhendemandforaproductincreasesbutthesupplyoftheproductremainsunchanged,theequilibriumpriceoftheproductwill
答案:rise,andequilibriumquantitywillincreaseAnincreaseinthenumberofconsumers,allelseheldconstant,willshiftthe
答案:demandcurvetotherightThepointwherequantitydemandedandquantitysuppliedareequalisknownasthe
答案:equilibriumpriceAshiftinthesupplycurveforgasolineintheUnitedStateswouldresultif
答案:theOPECnationsdecidedtostopsalesofcrudeoiltotheUnitedStatesWhichofthefollowingisnotadeterminantofdemand?
答案:productioncostsDemandforluxuriestendstobe
答案:elasticInaccordancewiththelawofsupply,ifthepricedoubled,thequantitysuppliedwouldgenerally
答案:riseAccordingtothetotalrevenuerule,ifthecoefficientofpriceelasticityofdemandislessthan1andifpricegoes
答案:down,totalrevenuegoesdownConsiderthemarketforbicycles.Ifadealercutspricesby10percentandsells20percentmorebikes,thendemandforbicyclesis
答案:elastic,andtotalrevenuewillincrease/star3/origin/557a95fa01457fff3646f2d54a43ea07.png
答案:ashiftofthedemandcurvefromDtoD1Thedemandcurveforaproductslopesdownwardtotherightbecausemoreoftheproductwillbe
答案:purchasedaspricefallsThelawofdemandillustratesthatas
答案:pricedecreases,quantitydemandedincreasesThedemandforaproductatagiventimeisdefinedasthe
答案:amountthatwouldbeboughtatvariouspricesFordemandtoexist,theremustbe
答案:adesireandanabilitytobuyConsumersurplusoccurswhenevertheconsumerpaysaprice
答案:lessthantheconsumeriswillingtopayThedifferencebetweenthepricefirmswouldbewillingtoacceptfortheirgoodsandthepricetheyactuallyreceiveiscalled
答案:producersurplusUnderperfectcompetitionintheshortrun,
答案:moreefficientfirmscanearnhigherprofitsthanlessefficientfirmsDiseconomiesofscaleoccur
答案:aftertheoptimalscaleisreachedThedemandcurvefortheoutputofaperfectlycompetitivefirmis
答案:perfectlyelasticTheindustrymostcloselyassociatedwithperfectcompetitionis
答案:farmingUnderconditionsofperfectcompetition,iflossesoccurinanindustry,marketforcesmaycomeintoplayto
答案:reducesupplyUnderconditionsofperfectcompetition,ifprofitsarebeingmade,
答案:newfirmsareattractedintotheindustrySupposethatthedevelopmentofanew,improvedseedallowsallcornfarmersinacountrytoincreasetheiryieldsperacre.Sincethedemandforcornisrelativelyinelastic,thepriceofcorninaperfectlycompetitivemarketislikelyto
答案:decrease,andfarmrevenueswillfallIfafirminperfectcompetitionissufferingaloss,itshouldcontinuetooperateintheshortrunaslongas
答案:ARexceedsAVCUnderperfectcompetition,ifafirmissufferingaloss,
答案:ARislessthanATC/star3/origin/e77f7a5e747446d4fa4d06b68572bba2.png#FromChaoxingStudy
答案:earninganeconomicprofitUnderconditionsofperfectcompetition,averagefixedcost
答案:fallsasoutputincreasesUnderconditionsofperfectcompetition,ARandMR
答案:arerepresentedbyastraighthorizontallineUnderconditionsofperfectcompetition,marginalrevenue
答案:equalsaveragerevenueIfaperfectlycompetitivefirmisproducinganoutputlevelforwhichMRequals$5,MCequals$6,andATCequals$4,thefirm
答案:isearningaprofitbutshouldreduceoutputUnderconditionsofperfectcompetition,anindividualproducer
答案:operateswhereMRequalsMCInperfectcompetition,noindividualproducercaninfluencepricebecause
答案:eachcontributesaninsignificantamounttototalsupplyWhichofthefollowingisnotassumedinperfectcompetition?
答案:allfirmsareequallyefficientintheshortrunTheconditionsforsuccessfulpricediscriminationinclude
答案:AlloftheaboveNaturalmonopoliesareusuallyfoundinindustrieswith
答案:largeeconomiesofscaleInfirstdegreepricediscrimination,
答案:allconsumersurplusiscapturedbythesellerAmarketstructureinwhichasinglebuyerexistsononesideofthemarketandonlyonesellerexistsontheothersideisknownas
答案:abilateralmonopolySupposethatamonopolistisproducinganoutputlevelof10,000units.Atthatoutputlevel,bothMRandMCequal$5,ARequals$7,andATCequals$6.Whichofthefollowingstatementsiscorrect?
答案:AlloftheseIfamonopolistlowersitspricefrom$45to$42inordertoincreaseitssalesvolume,marginalrevenue
答案:islessthan$42Iffacedwiththesamecostconditionsasaperfectlycompetitivefirm,amonopolywill
答案:chargeahigherpricethantheperfectlycompetitivefirmEachtimethemonopolistsellsanotherunitofoutput,thetotalrevenueincreasesby
答案:lessthanthepriceofthelastunitsoldAsingle-pricemonopolist
答案:mustlowerpriceinordertosellmoreThedemandcurvefortheproductofamonopolistis
答案:identicaltothemarketdemandcurveWhichofthefollowingisnotapotentialsourceofmonopoly?
答案:marketstructurePublicutilitiesareoftenreferredtoas
答案:naturalmonopoliesWhichofthefollowingisthebestexampleofamonopoly?
答案:agovernment-regulatedpublicutilityThemaximumprofitofamonopolistoccurs
答案:whereMRequalsMCThedemandcurveforamonopolist’sproductisalsothemonopolist’s
答案:averagerevenuecurveWhenevermarginalrevenueexceedsmarginalcost,
答案:profitincreasesifoutputincreasesIfoutputchangesinfixedproportiontoachangeinallofafirm’sproductiveresources,thefirmhas
答案:constantreturnstoscale/star3/origin/f7da2e1c407e81a1fb282aa7e12471bc.png
答案:WhenoutputiszerolossesequalTFCAtthepointofmaximumprofit,marginalrevenueequals
答案:marginalcostUnderperfectlycompetitiveconditions,marginalrevenueis
答案:equaltoaveragerevenueMarginalcostcanbedeterminedbestbyobservingchangesin
答案:totalvariablecostAveragetotalcostisequalto
答案:AFC+AVCAsoutputincreases,averagefixedcost
答案:decreasesWhichofthefollowingisthebestexampleofvariablecost?
答案:wagesTheverticaldistancebetweenthetotalcostcurveandthetotalvariablecostcurvereflects
答案:totalfixedcostAnexampleofanimplicitcostis
答案:forgoneinterestwheninvestingone’ssavingsinone’sownbusinessAverageproductfallsanytime
答案:marginalproductisbelowitTheprinciplethatpullsdowntheaveragecost(ATC),andthen,asoutputcontinuestoexpand,pullsitup,is
答案:risingandthendiminishingmarginalreturnsThemarginalcostcurvecrossestheaveragetotalcostcurveatthe
答案:lowestlevelofaveragetotalcostThosecostsimpliedbyalternativesgivenupare
答案:implicitoropportunitycostsWhenmarginalproductislessthanaverageproduct,
答案:averageproductfallsAsunitsofinputareaddedtotheproductionprocess,themarginalproduct
答案:atfirstincreases,theneventuallydecreasesTheadditiontototaloutputresultingfromusingonemoreunitofaproductiveresourceisthe
答案:marginalproductAproductionfunctionis
答案:therelationshipbetweenacombinationofinputsandaquantityofoutputAnoligopsonyexistswhen
答案:afewbuyersdominateamarketTheoligopolist’sdilemmaissimilartothe
答案:prisoner’sdilemmaGametheoryisatooltoanalyze
答案:mutualinterdependenceamongfirmsAssumeanindustryiscomprisedofthreefirms—A,B,andC.FirmAcontrols50percentofthemarket,FirmBcontrols30percent,andFirmCcontrols20percent.WhatisthevalueoftheHerfindahlIndex?
答案:3,800Whenonefirmlowersitsprice,itsgaininsalesattheexpenseofotherfirmsisknownas
答案:thesubstitutioneffectInmonopolisticcompetition,thenumberoffirms
答案:issolargethattheactionsofanyonefirmhavelittleeffectontheothersIffirmsinmonopolisticcompetitionareearningshort-runprofits,
答案:theentryofnewfirmswilleliminatetheprofitsinthelongrunUnderoligopoly,collusivepracticestofixpricesaremorelikelytotakeplaceif
答案:marketdemandishighlyinelasticAkinkeddemandcurveismostlikelytooccurwhenotherfirms
答案:followadownwardchangeinpricebutnotanupwardchangebyarivalfirmUnderoligopolisticmarketconditions,
答案:thepricingactionsofanyonefirmhaveasignificanteffectontheothersOligopolyisamarketstructureinwhich
答案:allproducersaresellingidenticalorsimilarproductsThegreat
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