经济学基础英-2022级学习通超星期末考试答案章节答案2024年

经济学基础（英)-2022级学习通超星期末考试章节答案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