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1、chapter 5 demand Description本次测验由25个单选题构成，每题2分。本次测验时间为60分钟。 This assessment is worth 50 points.Note: Correct answers appear in Blue. Incorrect answers and skipped questions appear in Red after Your response. 1. For two goods, A and B, MUA/PA= 25 and MUB/PB=25. The consumer should (1 point) Your resp
2、onse:a. not change the amounts purchased of A and B. (You answered correctly!) Feedback: Learning Objective: Apply the rational spending ruleLevel of Learning: AnalysisSource: UniqueType: Word Problem1 point awarded. The correct answer is: a. not change the amounts purchased of A and B.b. purchase l
3、ess of A and more of B.c. purchase more of A and B.d. purchase less of A and B.e. purchase more of A and less of B.2. The relationship between the cost of an activity and the amount of the activity consumers want is (1 point) Your response:b. negative. (You answered correctly!) Feedback: Learning Ob
4、jective: Define the law of demandLevel of Learning: KnowledgeSource: UniqueType: Word Problem1 point awarded. The correct answer is: a. positive.b. negative.c. direct.d. upward sloping.e. nonexistent.3. The price of good A is $2; the price of good B is $2. The marginal utility you get from good A is
5、 40; the marginal utility you get from good B is 60. You should: (1 point) Your response:b. consume more of good B and less of good A. (You answered correctly!) Feedback: Increase the consumption of that good that provides the greatest MU/P. Divide the MU by the price. 40/2 is less than 60/2 so you
6、consume more of good B. 1 point awarded. The correct answer is: a. consume more of good A and less of good B. b. consume more of good B and less of good A. c. keep consuming equal amounts of both goods. d. realize that you dont have enough information to answer the question. 4. The price of good A i
7、s $1; the price of good B is $2. The marginal utility you get from good A is 40; the marginal utility you get from good B is 60. You should: (1 point) Your response:a. consume more of good A and less of good B. (You answered correctly!) Feedback: Increase the consumption of that good that provides t
8、he greatest MU/P. Since 40/1 60/2, consume more A and less B. 1 point awarded. The correct answer is: a. consume more of good A and less of good B. b. consume more of good B and less of good A. c. keep consuming equal amounts of both goods. d. realize that you dont have enough information to answer
9、the question. 5. Fran runs a doughnut shop in a tiny 3-person town. Frans rational consumers have the following demand schedules:Reference: 5-15Market demand for doughnuts when the price is 50 cents is (1 point) Your response:c. 9 doughnuts. (You answered correctly!) Feedback: Learning Objective: In
10、dividual and Market Demand CurvesLevel of Learning: ApplicationSource: UniqueType: Word Problem1 point awarded. The correct answer is: a. 31 doughnuts.b. 20 doughnuts.c. 9 doughnuts.d. 13 doughnuts.e. None of a, b, c, or d is correct.6. Suppose you have a money income of $10 all of which you spend o
11、n Coke and popcorn. In the above diagram, the prices of Coke and popcorn respectively are: (1 point) Your response:a. $.50 and $1.00. (You answered correctly!) Feedback: E: 386MI: 142Topic: 6Type: G1 point awarded. The correct answer is: a. $.50 and $1.00. b. $1.00 and $.50. c. $1.00 and $2.00. d. $
12、.40 and $.50. 7. A consumer is maximizing her utility with a particular money income when: (1 point) Your response:b. MUa/Pa = MUb/Pb = MUc/Pc = . = MUn/Pn. (You answered correctly!) Feedback: E: 378MI: 134Topic: 3Type: A1 point awarded. The correct answer is: a. the total utility derived from each
13、product consumed is the same. b. MUa/Pa = MUb/Pb = MUc/Pc = . = MUn/Pn. c. MUa = MUb = MUc = . = MUn. d. Pa = Pb = Pc = . = Pn. 8.Reference: F21147Refer to the above diagram in which the downsloping linear lines are budget lines and I1, I 2, and I3 comprise an indifference map. With respect to point
14、s 2, 3, and 4, we can say that: (1 point) Your response:b. point 4 entails more utility than 2, but less than 3. Feedback: E: 389MI: 145Topic: 8Type: G0 points awarded. The correct answer is: a. point 4 entails more utility than 3, but less than 2. b. point 4 entails more utility than 2, but less th
15、an 3. c. point 4 yields more utility than either 2 or 3. d. the levels of utility associated with these three points cannot be compared. 9.Reference: 5-4The marginal utility of the 2nd roller coaster ride is _. (1 point) Your response:d. 100 (You answered correctly!) Feedback: Learning Objective: The concept of
