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中国大学MOOC微观经济学
中国大学MOOC微观经济学
1
Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25 What is probably true?
2
Economics is best defined as the study of:
3
Economics is the study of:
4
Economists recognize that because people have limited resources:
5
The Scarcity Principle states that:
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An implication of scarcity is that:
7
If all the world’s resources were to magically increase one hundredfold, then:
8
The Scarcity Principle applies to:
9
Forest lives in complete isolation in Montana He is self-sufficient and feeds himself through hunting, fishing, and farming Which of the following statements about Forest is true?
10
Chris has a one-hour break between classes every Wednesday Chris can either stay at the library and study or go to the gym and work out The decision Chris must make is:
11
Josh wants to go to the football game this weekend, but he has a paper due on Monday It will take him the whole weekend to write the paper Josh decides to stay home and work on the paper According to the Scarcity Principle, the reason Josh doesn’t go t
12
Whether studying the output of the US economy or how many classes a student will take, an unifying concept is that:
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The Cost-Benefit Principle indicates that an action should be taken if:
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If a person takes an action if, and only if, the extra benefits from taking that action exceed the extra costs, then that person is:
15
Choosing to study for an exam until the extra benefit (eg, improved score) equals the extra cost (eg, the value of foregone activities) is:
16
The Scarcity Principle tells us _, and the Cost-Benefit Principle tells us _
17
According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this week-end if:
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A rational person:
19
Suppose that the extra cost to Tim of a third glass of soda is zero because he’s at a restaurant that gives free refills According to the Cost-Benefit Principle Tim should:
20
Janie must choose to either mow the lawn or wash clothes If she mows the lawn, she will earn $30, and if she washes clothes, she will earn $45 She dislikes both tasks equally and they both take the same amount of time Janie will therefore choose to _ b
21
Dean should play golf instead of preparing for tomorrow’s exam in economics if:
22
Jen spends her afternoon at the beach, paying $1 to rent a beach umbrella and $11 for food and drinks rather than spending an equal amount of money to go to a movie Her opportunity cost of going to the beach is:
23
All else equal, relative to a person who earns minimum wage, a person who earns $30 per hour has:
24
The opportunity cost of an activity includes the value of:
25
Amy is thinking about going to the movies tonight A movie ticket costs $15, and she’ll have to cancel a $20 dog-sitting job that she would have been willing to do for free The opportunity to Amy cost of going to the movies is:
26
The economic surplus of an action is:
27
You are trying to decide whether to purchase the latest Harry Potter book online or borrow it from the library There is no charge for borrowing a book from the library, but going to the library takes more time than ordering a book online Regardless of h
28
Alex received a four-year scholarship to State U that covered tuition and fees, room and board, and books and supplies If Alex becomes a full-time student, then:
29
Suppose Mary is willing to pay up to $15,000 for an used Ford pick-up truck If she buys one for $12,000, her _ would be _
30
If individuals are rational, they should choose actions that yield the:
31
Suppose the most you would be willing to pay for a plane ticket home is $250 If you buy one for $175, then your economic surplus is:
32
The Cost-Benefit Principle:
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Economists believe the Cost-Benefit Principle is:
34
The cost-benefit model used by economists is:
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Economists use abstract models because:
36
The fact that most people make some decisions based on intuition rather than calculation is:
37
Moe has a big exam tomorrow He considered studying this evening, but decided to hang out with Curly instead If neither activity involves any explicit costs, and Moe always chooses rationally, it must be true that:
38
If one fails to account for implicit costs in decision making, then applying the cost-benefit rule will be flawed because:
39
Pat earns $25,000 per year (after taxes), and Pat’s spouse, Chris, earns $35,000 (after taxes) They have two pre-school-aged children Childcare for their children costs $12,000 per year Given that Chris doesn’t want to stay home with the kids, regardle
40
The marginal benefit of an activity is the:
41
Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marginal cost of the 3rd hour is $105 In this case, the total cost of talking on the phone for 3 hours is:
42
Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125 In this case, the marginal benefit of watching the 3rd game is:
43
The extra benefit that results from carrying out one additional unit of an activity is the __ of the activity
44
The marginal cost of an activity is the:
45
The extra cost that results from carrying out one additional unit of an activity is the __ of the activity
46
Dividing the total cost of n units of an activity by n reveals the:
47
For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals If you eat all of the meals, your average cost for a meal is:
48
For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals If you eat 100 meals, your average cost for a meal is:
49
For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals If you eat 100 meals, your marginal cost of the 100th meal is:
50
The average benefit of n units of an activity is the:
51
You save $10 on gas every week because you take the bus to school You have class 5 days a week What is your average benefit per day of taking the bus to school?
52
Your scholarship depends on your maintaining a 35 cumulative GPA Your GPA for last semester was 36, which brought your cumulative GPA down What must be true?
53
Refer to the table below The average cost of 4 units of this activity is:
54
Refer to the table below The marginal cost of the 3rd unit of this activity is:
55
Refer to the table below The average benefit of 2 units of activity is:
56
Refer to the table below The marginal benefit of the 5th unit of activity is:
57
Refer to the table below According to the Cost-Benefit Principle, how many units of this activity should be carried out?
58
Refer to the table below The average cost of 5 units of activity is:
59
Refer to the table below The marginal cost of the 4th unit of activity is:
60
Refer to the table below The average benefit of 4 units of activity is:
61
Refer to the table below The marginal benefit of the 6th unit of activity is:
62
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activitiesThe total value of donations raised by three employees is:
63
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activitiesThe total labor cost with 4 employees is:
64
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activitiesThe marginal benefit (in terms of extra donations) of the 2nd em
65
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activitiesThe marginal cost of the 4th employee is:
66
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activitiesThe net benefit of hiring fundraisers is largest when __ employe
67
Ginger bought a phone that came with a $10 rebate Ginger should fill out and mail in the rebate form if:
68
Tony notes that an electronics store is offering a flat $20 off all prices in the store Tony reasons that if he wants to buy something with a price of $50, then it is a good offer, but if he wants to buy something with a price of $500, then it is not a g
69
Suppose a retail store was offering 10% off list prices on all goods The benefit of the 10% savings is:
70
If Jane works for 6 hours she can rent out 9 apartments, and if she works for 7 hours she can rent out 12 apartments The marginal benefit of Jane’s 7th hour of work equals:
71
The following table shows the relationship between the speed of a computer’s CPU and its benefits and costs Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed b
72
The following table shows the relationship between the speed of a computer’s CPU and its benefits and costs Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed b
73
The following table shows the relationship between the speed of a computer’s CPU and its benefits and costs Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed b
74
The following table shows the relationship between the speed of a computer’s CPU and its benefits and costs Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed b
75
The following table shows the relationship between the speed of a computer’s CPU and its benefits and costs Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed b
76
The following table shows the relationship between the speed of a computer’s CPU and its benefits and costs Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed b
77
Jack has a ticket to see Bo Bice for which he paid $30 yesterday He takes an unpaid day off from work to get ready for the concert When he arrives at the concert, five different people offer him $70 for his ticket Jack decides to keep his ticket At th
78
Jody has purchased a non-refundable $75 ticket to attend a Miley Cyrus concert on Friday night Subsequently, she is asked to go to out dinner at no expense to her If she uses cost-benefit analysis to choose between going to the concert and going out to
79
You want to buy a TV that regularly costs $250 You can either buy the TV from a nearby store or from a store that’s downtown Relative to going to the nearby store, driving downtown involves additional time and gas The downtown store, however, has a 10%
80
The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes Each car wash costs $15What’s the average benefit of 4 car washes per month?
81
The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes Each car wash costs $15What is the marginal cost of the 5th car wash each month?
82
The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes Each car wash costs $15What is the marginal benefit of the 3rd car wash each month?
83
The table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes Each car wash costs $15How many times a month should you get your car washed?
84
Frank owns an apple farm and plans to spend 4 hours today picking apples The number of apples he can pick per hour depends on the total number of hours he spends working in either the east orchard or the west orchard in the manner shown in the table belo
85
Frank owns an apple farm and plans to spend 4 hours today picking apples The number of apples he can pick per hour depends on the total number of hours he spends working in either the east orchard or the west orchard in the manner shown in the table belo
86
Frank owns an apple farm and plans to spend 4 hours today picking apples The number of apples he can pick per hour depends on the total number of hours he spends working in either the east orchard or the west orchard in the manner shown in the table belo
87
Positive economic principles are those that:
88
One thing that distinguishes normative economic principles from positive economic principles is that:
89
Normative economic principles are concerned with how people _ make decisions while positive economic principles are concerned with how people _ make decisions
90
An editorial in the paper argues that a person only should be allowed to attend school if the marginal cost of educating that person is less than the marginal benefit of educating that person The writer’s reasoning is an application of:
91
The Incentive Principle states that a person:
92
The Incentive Principle is an example of:
93
According to the Incentive Principle, people will be less likely to smoke if the government:
94
According to the Incentive Principle:
95
Microeconomics differs from macroeconomics in that microeconomics focuses on:
96
Macroeconomics differs from microeconomics in that macroeconomics focuses on:
97
The study of individual choice and its implications for the behavior of prices and quantities in individual markets is:
98
Which branch of economics is most likely to study differences in countries’ growth rates?
99
Which of the following would not be studied in microeconomics?
100
Which of the following would not be studied in macroeconomics?
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