Microeconomics, version 9

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Uploaded: 27.04.2013
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1. If you increase the price of goods X (number of goods have plotted on the ordinate), then:
A) decrease the slope of indifference;
B) decrease the slope of the budget line;
B) increase the slope of the budget line;
D) none of the statements is not true.

2. Select the correct statement.
A) at a price discrimination 1st class consumer surplus equal to zero;
B) at price discrimination 2nd degree surplus consumers more than the price discrimination of 1st degree;
B) at price discrimination 2nd degree of monopoly profits more than the price discrimination of 1st degree;
D) price discrimination 3rd degree is always accompanied by a reduction of the total surplus of producers and consumers.

3. If a firm has constant returns to scale, the curve LAC:
A) perpendicular;
B) is horizontal;
B) has a positive slope;
D) has a negative slope.

4. Determine the price of a capital instrument, which for three years has been providing annual net income π1 = 236 den. units., π2 = 348,1 den. units., π3 = 400 den. u and by the end of the third year is the liquidation value of 92.91 den. u if the annual percentage lending rate i = 18%.
A) 550;
B) 650;
B) 750;
D) 850.

5. If the market price is below AVC, the typical firm in a competitive industry:
A) has excess profits;
B) works to break even;
B) closes, and possibly leaving the industry;
D) reduces output and raises the price of products.

6.Otvette "correct" or "incorrect" the statement and justify the answer:
"Line" price-consumption "only has a positive slope."

7. The function of the public demand for a certain product takes the form Qd = 14-2P, the supply function of the product Qs = -4 + 2P.
A) to determine the equilibrium price and the equilibrium volume of sales.
B) to determine the tax rate at which the equilibrium sales of 2 units.
B) determine the total amount of tax collection, as well as the amount of net losses due to the introduction of the tax.
D) to calculate the surplus of the buyer and the seller before and after the introduction of the tax. Who benefits from a tax?
Please comment on the results and draw the graph.

8. The total cost of competitive firms are TS = 8 + 2Q + 0.25Q2. Calculate how much at higher prices for the products of the company from 10 to 12: a) increase producer surplus; b) decrease the elasticity of supply price.


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