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………………最新资料推荐………………………最新资料推荐………/………………最新资料推荐………Chapter01ThinkingLikeanEconomist
MultipleChoiceQuestions
1.
Economicsisbestdefinedasthestudyof:
A.
pricesandquantities.B.
inflationandinterestrates.C.
howpeoplemakechoicesundertheconditionsofscarcityandtheresultsofthosechoices.D.
wagesandincomes.
2.
Economicquestionsalwaysdealwith:
A.
financialmatters.B.
politicalmatters.C.
insufficientresources.D.
choiceinthefaceoflimitedresources.
3.
Therangeoftopicsorissuesthatfitwithinthedefinitionofeconomicsis:
A.
limitedtomarketactivities,e.g.,buyingsoap.B.
limitedtoindividualsandfirms.C.
extremelywide,requiringonlytheideasofchoiceandscarcity.D.
verylimited.
4.
Thecentralconcernofeconomicsis:
A.
poverty.B.
scarcity.C.
wealthaccumulation.D.
overconsumption.
5.
Thescarcityprincipleindicatesthat:
A.
nomatterhowmuchonehas,itisneverenough.B.
comparedto100yearsago,individualshavelesstimetoday.C.
withlimitedresources,havingmoreof"this"meanshavinglessof"that."D.
becausetradeoffsmustbemade,resourcesarethereforescarce.
6.
Thelogicalimplicationofthescarcityprincipleisthat:
A.
onewillneverbesatisfiedwithwhatonehas.B.
aswealthincreases,makingchoicesbecomeslessnecessary.C.
aswealthdecreases,makingchoicesbecomeslessnecessary.D.
choicesmustbemade.
7.
Ifalltheworld'sresourcesweretomagicallyincreaseahundredfold,then:
A.
thescarcityprinciplewouldstillgovernbehavior.B.
economicswouldnolongerberelevant.C.
thescarcityprinciplewoulddisappear.D.
tradeoffswouldbecomeunnecessary.
8.
Theprincipleofscarcityappliesto:
A.
thepoorexclusively.B.
allconsumers.C.
allfirms.D.
everyone—consumers,firms,governments,andnations.
9.
Attheveryleast,JoeAverageandBillGatesarebothidenticallylimitedby:
A.
theirwealth.B.
the24hoursthatcompriseaday.C.
theirknowledge.D.
theirinfluence.
10.
ForestisamountainmanlivingincompleteisolationinMontana.Heiscompletelyself-sufficientthroughhunting,fishing,andfarming.Hehasnotbeeninthecitytobuyanythinginfiveyears.Onecaninfer:
A.
thescarcityprincipledoesnotapplytoForest.B.
Forestisnotrequiredtomakechoices.C.
thescarcityprinciplestillappliesbecausemorehuntingmeanslessfishingandfarming.D.
Forestisverysatisfied.
11.
Thescarcityprincipleappliesto:
A.
alldecisions.B.
onlymarketdecisions,e.g.,buyingacar.C.
onlynon-marketdecisions,e.g.,watchingasunset.D.
onlythepoor.
12.
Chrishasaone-hourbreakbetweenclasseseveryWednesday.Chriscaneitherstayatthelibraryandstudyorgotothegymandworkout.ThedecisionChrismustmakeis:
A.
notaneconomicproblembecauseneitheronecostsmoney.B.
notaneconomicproblembecauseit'sanhourthatiswastednomatterwhatChrisdoes.C.
aneconomicproblembecausethetuitionChrispayscoversboththegymandthelibrary.D.
aneconomicproblembecauseChrishasonlyonehourduringwhichhecanstudyorworkout.
13.
Joshwantstogotothefootballgamethisweekend,buthehasapaperdueonMonday.Itwilltakehimthewholeweekendtowritethepaper.Joshdecidedtostayhomeandworkonthepaper.Accordingtothescarcityprinciple,thereasonJoshdidn'tgotothegameisthat:
A.
Joshprefersschoolworktofootballgames.B.
writingthepaperiseasierthangoingtothegame.C.
Joshdoesn'thaveenoughtimeforwritingthepaperandgoingtothegame.D.
it'stooexpensivetogotothegame.
14.
WhetherstudyingthesizeoftheU.S.economyorthenumberofchildrenacouplewillchoosetohave,theunifyingconceptisthatwantsare:
A.
limited,resourcesarelimited,andthuschoicesmustbemade.B.
unlimited,resourcesarelimited,andthuschoicesmustbemade.C.
unlimited,resourcesarelimitedtosomebutnottoothers,andthussomepeoplemustmakechoices.D.
unlimited,resourcesarelimited,andthusgovernmentneedstodomore.
15.
Thecost-benefitprincipleindicatesthatanactionshouldbetaken:
A.
ifthetotalbenefitsexceedthetotalcosts.B.
iftheaveragebenefitsexceedtheaveragecosts.C.
ifthenetbenefit(benefitminuscost)iszero.D.
iftheextrabenefitisgreaterthanorequaltotheextracosts.
16.
Whenapersondecidestopursueanactivityaslongastheextrabenefitsareatleastequaltotheextracosts,thatpersonis:
A.
violatingthecost-benefitprinciple.B.
followingthescarcityprinciple.C.
followingthecost-benefitprinciple.D.
pursuingtheactivitytoolong.
17.
Choosingtostudyforanexamuntiltheextrabenefit(improvedscore)equalstheextracost(mentalfatigue)is:
A.
notrational.B.
anapplicationofthecost-benefitprinciple.C.
anapplicationofthescarcityprinciple.D.
therelevantopportunitycost.
18.
Thescarcityprincipletellsusthat__________,andthecost-benefitprincipletellsus__________.
A.
choicesmustbemade;howtomakethechoicesB.
choicesmustbemade;thatthecostscanneveroutweighthebenefitsofthechoicesC.
raregoodsareexpensive;thatthecostsshouldoutweighthebenefitsofthechoicesD.
raregoodsareexpensive;thatthecostscanneveroutweighthebenefitsofthechoices
19.
Accordingtothecost-benefitprinciple:
A.
thelowestcostactivityusuallygivesthelowestbenefit.B.
apersonshouldalwayschoosetheactivitywiththelowestcost.C.
apersonshouldalwayschoosetheactivitywiththegreatestbenefit.D.
theextracostsandbenefitsofanactivityaremoreimportantconsiderationsthanthetotalcostsandbenefits.
20.
Arationalpersonisonewho:
A.
isreasonable.B.
makeschoicesthatareeasilyunderstood.C.
possesseswell-definedgoalsandseekstoachievethem.D.
ishighlycynical.
21.
TheseventhglassofsodathatTimconsumeswillproduceanextrabenefitof10centsandhasanextracostofzero(Timiseatingatthecafeteria).Thecost-benefitprinciplepredictsthatTimwill:
A.
realizehehashadtoomuchsodatodrinkandgohome.B.
drinktheseventhglassandcontinueuntilthemarginalbenefitofdrinkinganotherglassofsodaiszero.C.
volunteertoemptyoutthefountain.D.
notdrinktheseventhglass.
22.
Janiemusteithermowthelawnorwashclothes,earningherabenefitof$30or$45,respectively.Shedislikesbothequallyandtheybothtakethesameamountoftime.Janiewillthereforechooseto_________becausetheeconomicsurplusis________.
A.
mowthelawn;greaterB.
washclothes;greaterC.
mowthelawn;smallerD.
washclothes;smaller
23.
Deandecidedtoplaygolfratherthanpreparefortomorrow'sexamineconomics.Onecaninferthat:
A.
Deanhasmadeanirrationalchoice.B.
Deanisdoingpoorlyinhiseconomicsclass.C.
theeconomicsurplusfromplayinggolfexceededthesurplusfromstudying.D.
thecostofstudyingwaslessthanthecostofgolfing.
Larrywasacceptedatthreedifferentgraduateschools,andmustchooseone.EliteUcosts$50,000peryearanddidnotofferLarryanyfinancialaid.LarryvaluesattendingEliteUat$60,000peryear.StateCollegecosts$30,000peryear,andofferedLarryanannual$10,000scholarship.LarryvaluesattendingStateCollegeat$40,000peryear.NoNameUcosts$20,000peryear,andofferedLarryafull$20,000annualscholarship.LarryvaluesattendingNoNameat$15,000peryear.
24.
TheopportunitycostofattendingEliteUis:
A.
$50,000B.
$10,000C.
$20,000D.
$15,000
25.
TheopportunitycostofattendingStateCollegeis:
A.
$30,000B.
$20,000C.
$15,000D.
$10,000
26.
Larrymaximizeshissurplusbyattending:
A.
EliteU,because$60,000isgreaterthanthebenefitattheotherschools.B.
StateCollege,becausethedifferencebetweenthebenefitandcostisgreatestthere.C.
NoNameU,becauseLarryhasafullscholarshipthere.D.
EliteU,becausetheopportunitycostsofattendingEliteUarethelowest.
27.
LarryhasdecidedtogotoEliteU.Assumingthatallofthevaluesdescribedarecorrect,forLarrytodecideonEliteU,hemusthave:
A.
calculatedhissurplusfromeachchoiceandpickedtheonewiththehighestsurplus.B.
underestimatedthebenefitsofattendingNoName.C.
miscalculatedthesurplusofattendingEliteU.D.
determinedtheopportunitycostofeachchoiceandpickedtheonewiththelowestopportunitycost.
28.
Jenspendsherafternoonatthebeach,paying$1torentabeachumbrellaand$11forfoodanddrinksratherthanspendinganequalamountofmoneytogotoamovie.Theopportunitycostofgoingtothebeachis:
A.
the$12shespentontheumbrella,foodanddrinks.B.
only$1becauseshewouldhavespentthemoneyonfoodanddrinkswhetherornotshewenttothebeach.C.
themovieshemissedseeing.D.
themovieshemissedseeingplusthe$12shespentontheumbrella,foodanddrinks.
29.
Relativetoapersonwhoearnsminimumwage,apersonwhoearns$30perhourhas:
A.
aloweropportunitycostofworkinglongerhours.B.
ahigheropportunitycostoftakingadayoff.C.
aloweropportunitycostofdrivingfarthertowork.D.
thesameopportunitycostofspendingtimeonleisureactivities.
30.
Theopportunitycostofanactivityisthevalueof:
A.
analternativeforgone.B.
thenext-bestalternativeforgone.C.
theleast-bestalternativeforgone.D.
thedifferencebetweenthechosenactivityandthenext-bestalternativeforgone.
31.
Amyisthinkingaboutgoingtothemoviestonight.Aticketcosts$7andshewillhavetocancelherdog-sittingjobthatpays$30.Thecostofseeingthemovieis:
A.
$7.B.
$30.C.
$37.D.
$37minusthebenefitofseeingthemovie.
32.
Economicsurplusis:
A.
thebenefitgainedbytakinganaction.B.
thepricepaidtotakeanaction.C.
thedifferencebetweenthebenefitgainedandthecostincurredoftakinganaction.D.
thewagesomeonewouldhavetoearninordertotakeanaction.
33.
TheGovernorofyourstatehascutthebudgetfortheUniversityandincreasedspendingonMedicaid.Thisisanexampleof:
A.
thepitfallsofconsideringaveragecostsinsteadofmarginalcosts.B.
poornormativeeconomicdecisionmaking.C.
poorpositiveeconomicdecisionmaking.D.
choiceinthefaceoflimitedresources.
34.
Sallyearned$25,000peryearbeforeshebecameamother.Aftershebecameamother,shetoldheremployerthatheropportunitycostofworkingisnow$50,000,andsosheisnotwillingtoworkforanythingless.Herdecisionisbasedon:
A.
thehighcostofraisingachild.B.
herdesiretosaveforherchild'scollegeexpenses.C.
herincreasedvaluetoheremployer.D.
thevaluesheplacesonspendingtimewithherchild.
35.
Alexreceivedafour-yearscholarshiptoStateU.thatcoveredtuitionandfees,roomandboard,andbooksandsupplies.Asaresult:
A.
attendingStateU.forfouryearsiscostlessforAlex.B.
AlexhasnoincentivetoworkhardwhileatStateU.C.
thecostofattendingStateU.istheamountofmoneyAlexcouldhaveearnedworkingforfouryears.D.
thecostofattendingStateU.isthesumofthebenefitsAlexwouldhavehadattendingeachofthefourotherschoolstowhichAlexhadbeenadmitted.
36.
SupposeMaryiswillingtopayupto$15,000forausedFordpick-uptruck,butshefindsonefor$12,000.Her__________is__________.
A.
benefit;$12,000B.
cost;$15,000C.
economicsurplus;$3,000D.
economicsurplus;$12,000
37.
Ingeneral,rationaldecisionmakingrequiresonetochoosetheactionsthatyieldthe:
A.
largesttotalbenefits.B.
smallesttotalcosts.C.
smallestnetbenefits.D.
largesteconomicsurpluses.
38.
Supposethemostyouwouldbewillingtopayforaplanetickethomeis$250,butyoubuyoneonlinefor$175.Theeconomicsurplusofbuyingtheonlineticketis:
A.
$175.B.
$250.C.
$75.D.
$0.
39.
Theuseofeconomicmodels,likethecost-benefitprinciple,meanseconomistsbelievethat:
A.
thisisexactlyhowpeoplechoosebetweenalternatives.B.
thisisareasonableabstractionofhowpeoplechoosebetweenalternatives.C.
thosewhoexplicitlymakedecisionsthiswayaresmarter.D.
withenougheducation,allpeoplewillstarttoexplicitlymakedecisionsthisway.
40.
Jennadecidestoseeamoviethatcosts$7fortheticketandhasanopportunitycostof$20.Afterthemovie,shesaystooneofherfriendsthatthemoviewasnotworthit.Apparently:
A.
Jennafailedtoapplythecost-benefitmodeltoherdecision.B.
Jennawasnotrational.C.
Jennaoverestimatedthebenefitsofthemovie.D.
Jennaunderestimatedthebenefitsofthemovie.
41.
Mostofusmakesensibledecisionsmostofthetime,because:
A.
weknowthecost-benefitprinciple.B.
subconsciouslyweareweighingcostsandbenefits.C.
mostpeopleknowaboutthescarcityprinciple.D.
weconducthypotheticalmentalauctionswhenwemakedecisions.
42.
Supposeapersonmakesachoicethatseemsinconsistentwiththecost-benefitprinciple.Whichofthefollowingstatementsrepresentsthemostreasonableconclusiontodraw?
A.
Theperson(explicitlyorimplicitly)over-estimatedthebenefitsorunder-estimatedthecostsorboth.B.
Thecost-benefitprincipleisrarelytrue.C.
Thepersondoesnotgrasphowdecisionsshouldbemade.D.
Thepersonissimplyirrational.
43.
Economicmodelsareintendedto:
A.
applytoallexamplesequallywell.B.
eliminatedifferencesinthewaypeoplebehave.C.
generalizeaboutpatternsindecision-making.D.
distinguisheconomicsstudentsfromeveryoneelse.
44.
Economicmodelsclaimtobe:
A.
reasonableabstractionsofhowpeoplemakechoices,highlightingthemostimportantfactors.B.
exactreplicationsofthedecision-makingprocesspeopleuse.C.
interestingchalkboardexerciseswithlittleapplicabilitytotherealworld.D.
exceptionallyaccuratemethodsofpredictingnearlyallbehaviorofeveryone.
45.
Thecost-benefitmodelusedbyeconomistsis:
A.
unrealisticbecauseitistoodetailedandspecifictoapplytoavarietyofsituations.B.
unrealisticbecauseeveryonecanthinkoftimeswhenheorsheviolatedtheprinciple.C.
usefulbecauseeveryonefollowsitallofthetime.D.
usefulbecausemostpeoplefollowitmostofthetime.
46.
Barryownsaclothingstoreinthemallandhasaskedtwoeconomicconsultantstodevelopmodelsofconsumerbehaviorthathecanusetoincreasesales.Barryshouldchoosethemodelthat:
A.
doesnotincludesimplifyingassumptions.B.
isthemostdetailedandcomplex.C.
assumesthatconsumersapplythecost-benefitprinciple.D.
predictsthatconsumerswillalwayspreferBarry'sstoretothecompetingstores.
47.
Economistsuseabstractmodelsbecause:
A.
everyeconomicsituationisunique,soitisimpossibletomakegeneralizations.B.
everyeconomicsituationisessentiallythesame,sospecificdetailsareunnecessary.C.
theyareusefulfordescribinggeneralpatternsofbehavior.D.
computershaveallowedeconomiststodevelopabstractmodels.
48.
Mostpeoplemakesomedecisionsbasedonintuitionratherthancalculation.Thisis:
A.
irrational,becauseintuitionisoftenwrong.B.
consistentwiththeeconomicmodelofdecision-making,becausecalculatingcostsandbenefitsleadstodecision-makingpitfalls.C.
consistentwiththeeconomicmodelbecausepeopleintuitivelycomparetherelativecostsandbenefitsofthechoicestheyface.D.
inconsistentwiththeeconomicmodel,butrationalbecauseintuitiontakesintoaccountnon-financialconsiderations.
49.
Moehasabigexamtomorrow.Heconsideredstudyingthisevening,butdecidedtogooutwithCurlyinstead.SinceMoealwayschoosesrationally,itmustbetruethat:
A.
theopportunitycostofstudyingtonightislessthanthevalueMoegetsfromspendingtimewithCurly.B.
theopportunitycostofstudyingtonightisequaltothevalueMoegetsfromspendingtimewithCurlyminusthecostofearningalowgradeontheexam.C.
MoegetsmorebenefitfromspendingtimewithCurlythanfromstudying.D.
MoegetslessbenefitfromspendingtimewithCurlythanfromstudying.
50.
Ifonefailstoaccountforimplicitcostsindecisionmaking,thenapplyingthecost-benefitrulewillbeflawedbecause:
A.
thebenefitswillbeoverstated.B.
thecostswillbeunderstated.C.
thebenefitswillbeunderstated.D.
thecostswillbeoverstated.
YourclassmatesfromtheUniversityofChicagoareplanningtogotoMiamiforspringbreak,andyouareundecidedaboutwhetheryoushouldgowiththem.Theround-tripairfaresare$600,butyouhaveafrequent-flyercouponworth$500thatyoucouldusetopaypartoftheairfare.Allothercostsforthevacationareexactly$900.Themostyouwouldbewillingtopayforthetripis$1400.Youronlyalternativeuseforyourfrequent-flyercouponisforyourtriptoAtlantatwoweeksafterthebreaktoattendyoursister'sgraduation,whichyourparentsareforcingyoutoattend.TheChicago-Atlantaround-tripairfaresare$450.
51.
Ifyoudonotusethefrequent-flyercoupontofly,shouldyougotoMiami?
A.
Yes,yourbenefitismorethanyourcost.B.
No,yourbenefitislessthanyourcost.C.
Yes,yourbenefitisequaltoyourcost.D.
No,becausetherearenobenefitsinthetrip.
52.
WhatistheopportunitycostofusingthecouponfortheMiamitrip?
A.
$100B.
$450C.
$500D.
$550
53.
Ifyouusethefrequent-flyercoupontoflytoAtlanta,wouldyougetanyeconomicsurplusbymakingthetrip?
A.
No,thereisalossof$50.B.
Yes,surplusof$350.C.
Yes,surplusof$400.D.
Yes,surplusof$100.
54.
IftheChicago-Atlantaround-tripairfareis$350,shouldyougotoMiami?
A.
No,thereisalossof$50.B.
No,thereisalossof$100.C.
Yes,thereiseconomicsurplusof$50.D.
Yes,thereiseconomicsurplusof$400.
55.
Patearns$25,000peryear(aftertaxes),andPat'sspouse,Chris,earns$35,000(aftertaxes).Theyhavetwopre-schoolchildren.Childcarefortheirchildrencosts$12,000peryear.Pathasdecidedtostayhomeandtakecareofthechildren.Patmust:
A.
valuespendingtimewiththechildrenbymorethan$25,000.B.
valuespendingtimewiththechildrenbymorethan$12,000.C.
valuespendingtimewiththechildrenbymorethan$13,000.D.
valuespendingtimewiththechildrenasmuchasdoesChris.
Youpaid$35foraticket(whichisnon-refundable)toseeSPAM,alocalrockband,inconcertonSaturday.(Assumethatyouwouldnothavebeenwillingtopayanymorethan$35forthisconcert.)YourbosscalledandsheislookingforsomeonetocoverashiftonSaturdayatthesametimeastheconcert.Youwillhavetowork4hoursandshewillpayyoutimeandahalf,whichis$9/hr.
56.
ShouldyougototheconcertinsteadofworkingSaturday?
A.
Yes,yourbenefitismorethanyourcost.B.
No,yourbenefitislessthanyourcost.C.
Yes,yourbenefitisequaltoyourcost.D.
No,becausetherearenobenefitsintheconcert.
57.
Whatistheopportunitycostofgoingtotheconcert?
A.
$1B.
$9C.
$35D.
$36
58.
Whatisyouropportunitycost,ifyougotoworkonSaturday?
A.
$0B.
$9C.
$35D.
$36
59.
YoureconomicsurplusofgoingtoworkonSaturdayis:
A.
$0B.
$1C.
$35D.
$36
Matthasdecidedtopurchasehistextbooksforthesemester.HisoptionsaretopurchasethebooksviatheInternetwithnextdaydeliverytohishomeatacostof$175,ortodrivetocampustomorrowtobuythebooksattheuniversitybookstoreatacostof$170.Lastweekhedrovetocampustobuyaconcertticketbecausetheyoffered25percentofftheregularpriceof$16.因为他们提供75折的正常价格16美元。
60.
ThebenefittoMattofbuyinghisbooksatthebookstoreis_____.
A.
$5B.
$9C.
$170D.
$175
61.
ThebenefittoMattwas____fromdrivingtocampustobuytheconcertticketlastweek.
A.
$2B.
$4C.
$9D.
$16
62.
Accordingtothecost-benefitprinciple:
A.
itwouldnotberationalforMatttodrivetocampustopurchasethebooksbecausethe$5savingisonlytwopercentofthecostofthebooks,andthatismuchlessthanthe25percenthesavedontheconcertticket.B.
itwouldberationalforMatttodrivetocampustopurchasethebooksbecauseitcostslesstobuythebookstherethanviatheInternet.C.
itwouldberationalforMatttodrivetocampustopurchasethebooksbecausethe$5savingismorethanhesavedbydrivingtheretobuytheconcertticket.D.
itwouldnotberationalforMatttodrivetocampustopurchasethebooksbecausethecostofgasandhistimemustcertainlybemorethanthe$5hewouldsave.
63.
AssumetheminimumthatMattwouldbewillingtoaccepttodrivetotheuniversitycampusisequaltotheamounthesavedontheconcertticket.WhatwouldbetheamountofhiseconomicsurplusifheboughthistextbooksattheuniversitybookstoreratherthanviatheInternet?
A.
$5B.
$1C.
$50D.
$20
64.
Themarginalbenefitofanactivityisthe:
A.
sameasthetotalbenefitsoftheactivity.B.
totalbenefitdividedbytheleveloftheactivity.C.
extrabenefitassociatedwithanextraunitoftheactivity.D.
totalbenefitassociatedwithanextraunitoftheactivity.
65.
Ifthemarginalcostsof1,2,and3hoursoftalkingonthephoneare$50,$75,and$105respectively,thenthetotalcostsareof1,2and3hoursoftalkingonthephoneare:
A.
$50,$150,and$315respectively.B.
$50,$41.67,and$115respectively.C.
$50,$125,and$230respectively.D.
$50,$175,and$405respectively.
66.
Ifthetotalbenefitsofwatching1,2,and3baseballgamesonTVare100,120,and125respectively,thenthemarginalbenefitsofwatching1,2and3baseballgamesonTVare:
A.
100,120,and125respectively.B.
100,20,and5respectively.C.
100,609,and41.67respectively.D.
100,240,and375respectively.
67.
Theextrabenefitthatcomesfromanextraunitofactivityiscalledthe_________oftheactivity.
A.
marginalbenefitB.
marginalcostC.
averagebenefitD.
reservationbenefit
68.
Themarginalcostofanactivityisthe:
A.
changeinthecostoftheactivitythatresultsfromanextraunitoftheactivity.B.
sameasthetotalcostoftheactivity.C.
ratiooftotalcosttotheleveloftheactivity.D.
changeintheleveloftheactivitydividedbythechangeinthecostoftheactivity.
69.
Theextracostthatresultsfromanextraunitofanactivityisthe:
A.
marginalbenefit.B.
marginalcost.C.
reservationcost.D.
sameastheopportunitycost.
70.
Dividingthetotalcostofnunitsofanactivitybynrevealsthe:
A.
averagebenefit.B.
marginalcost.C.
unitspercost.D.
averagecost.
71.
Youhadtopay$600(non-refundable)foryourmealplanfortheFallsemester,whichgivesyouupto150meals.Ifyoueatallofthemeals,youraveragecostforamealequals:
A.
$6.B.
$5.C.
$4.D.
$0.25.
72.
Youhadtopay$600(non-refundable)foryourmealplanforFallsemesterwhichgivesyouupto150meals.Ifyoueatonly100meals,youraveragecostforamealequals:
A.
$6.B.
$5.C.
$4.D.
$0.25.
73.
Youhadtopay$600(non-refundable)foryourmealplanforFallsemester,whichgivesyouupto150meals.Ifyoueatonly100meals,yourmarginalcostforthe100thmealis:
A.
$6B.
$4C.
$0.25D.
$0
74.
Theaveragebenefitofanactivityisthe:
A.
totalbenefitoftheactivitydividedbythenumberofunits.B.
numberofunitsdividedbythetotalbenefitoftheactivity.C.
numberofunitstimesthetotalbenefitoftheactivity.D.
extrabenefitforoneadditionalunitoftheactivity.
75.
Yousave$10ongaseveryweeksinceyouliveclosetothebusstop.Youhaveclassfivedaysaweek.Whatisyouraveragebenefitperdayforlivingclosetothebusstop?
A.
$10B.
$5C.
$2D.
$1.43
76.
Yourscholarshipdependsonyourmaintaininga3.5cumulativeGPA.YourGPAforlastsemesterwas3.6,whichbroughtyourcumulativeGPAdown.Whatmustbetrue?
A.
Yourmarginalgrades(lastsemester'sgrades)werehigherthanyouroverallGPA.B.
Yourmarginalgrades(lastsemester'sgrades)werelowerthanyouroverallGPA.C.
Ifthissemester'sgradesarethesameaslastsemester's,youroverallGPAwillstaythesame.D.
Ifthissemester'sgradesarethesameaslastsemester's,youmightloseyourscholarship.
77.
Refertothetableabove.Theaveragecostof4unitsofthisactivityis:
A.
$20B.
$25C.
$30D.
$40
78.
Refertothetableabove.Themarginalcostofthe3rdunitofthisactivityis:
A.
$30B.
$25C.
$20D.
$10
79.
Refertothetableabove.Theaveragebenefitof3unitsofactivityis:
A.
$80B.
$60C.
$40D.
$20
80.
Refertothetableabove.Themarginalbenefitofthe5thunitofactivityis:
A.
$60B.
$50C.
$5D.
$0
81.
Refertothetableabove.Accordingtothecost-benefitprinciple,thelevelofactivitythatprovidesthelargestnetbenefitis:
A.
1B.
3C.
4D.
6
82.
Refertothetableabove.Theaveragecostof5unitsofactivityis:
A.
$1B.
$2C.
$3D.
$4
83.
Refertothetableabove.Themarginalcostofthe4thunitofactivityis:
A.
$1B.
$2C.
$3D.
$4
84.
Refertothetableabove.Theaveragebenefitof4unitsofactivityis:
A.
$4B.
$5C.
$6D.
$10
85.
Refertothetableabove.Themarginalbenefitofthe6thunitofactivityis:
A.
$1B.
$2C.
$4D.
$10
86.
Refertothetableabove.Accordingtothecost-benefitprinciple,thelevelofactivitythatprovidesthelargestnetbenefitis:
A.
1B.
4C.
5D.
7
87.
Refertothetableabove.Thetotalvalueofdonationsraisedbythreeemployeesis:
三名雇员的善款的总价值是:A.
$43,899.B.
$45,000.C.
$48,911.D.
$51,963.
88.
Refertothetableabove.Thetotallaborcostof4employeesis:
A.
$21,500.B.
$22,000.C.
$38,000.D.
$43,121.
89.
Refertothetableabove.ThePresidentofWhat'sAMatterUdecidestohirefundraisersaslongastheaveragebenefitexceedstheaveragecost,resultingin__________employeesbeinghiredandanetbenefit(totaldonationsminustotallaborcosts)of__________.
A.
5;$17,080B.
5;$67,080C.
4;$60,000D.
4;$22,000
90.
Refertothetableabove.Themarginalbenefit(extradonations)ofthe2ndemployeeis:
A.
$42,426.B.
$21,213.C.
$12,426.D.
$11,337.
91.
Refertothetableabove.Themarginallaborcost(extralaborcost)ofthe4themployeeis:
A.
$9,500.B.
$10,750.C.
$11,000.D.
$13,000.
92.
Refertothetableabove.TheChairmanoftheEconomicsDepartmentatWhat'sAMatterUsaysthatfundraisersshouldbehiredaslongastheirmarginaldonationsexceedtheirmarginallaborcosts.Followingthiscriterion,__________employeesarehiredandnetbenefitsare__________.ReferTo:01-92
A.
1;$22,000B.
2;$25,426C.
3;$25,426D.
2;$3,476
93.
Refertothetableabove.Thenetbenefitofhiringfundraisersislargestwhen__________employeesarehired.ReferTo:01-93
A.
4B.
3C.
2D.
1
94.
Gingerboughtaphonethatcamewitha$10rebate.Gingershouldfilloutandmailintherebateformif:
A.
theopportunitycostofthetimeandtroubleofsendingintherebateformislessthan$10.B.
theopportunitycostofthetime
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