州州立《微观经济学》题库第六版Ch09

308CHAPTER9TheAnalysisofCompetitiveMarketsMULTIPLECHOICESection9.1easy1.RefertoFigure9.1.Ifthemarketisinequilibrium,theconsumersurplusearnedbythebuyerofthe1stunitisa.S5.00b.SI5.00c.S22.50d.S40.00easy2.RefertoFigure9」.Ifthemarketisinequilibrium,theproducersurplusearnedbythesellerofthe1stunitisa.S5.00b.SI0.00c.SI5.00d.S20.00e.S40.00moderate3.RefertoFigure9」.IFthemarketisinequilibrium,totalconsumersurplusisa.$30.b.S70.c.S400.d.S800.e.SI200.moderate4.RefertoFigure9」.Ifthemarketisinequilibrium,totalproducersurplusisa.$30.b.S70.c.S400.d.S800.TESTBANKSIXTHEDITIONCHAPTER9THEANALYSISOFCOMPETITIVEMARKETS309e.SI200.TESTBANKSIXTHEDITIONCHAPTER9THEANALYSISOFCOMPETITIVEMARKETS3105.RefertoFigure9」.IFthemarketisinequilibrium,totalconsumerandproducersurplusisa.SO.b.Si00.c.S800.d.$1200.e.S2000.6.RefertoFigure9」.IFthegovernmentestablishesapriceceilingofS20,howmanywidgetswillbesold?a.20b.30c.40d.50e.607.RefertoFigure9.1.Supposethemarketiscurrentlyinequilibrium.IfthegovernmentestablishesapriceceilingofS20.consumersurpluswilla.fallbyS200.b.fallbyS300.c.remainthesame.d.risebyS200.e.risebyS300.8.RefertoFigure9」.Supposethemarketiscurrentlyinequilibrium.IfthegovernmentestablishesapriceceilingofS20.producersurpluswilla.fallbyS200.h.fallby$300.c.remainthesame.d.risebyS200.e.risebyS300.9.RefertoFigure9」.IfthegovernmentestablishesapriceceilingofS20,theresultingdeadweightlosswillbea.SO.b.S20.c.S30.d.S300.e.S600.10.RefertoFigure9」.IfthegovernmentestablishesapriceceilingofS20,totalconsumerandproducersurpluswillbea.$30.b.S400.c.S600.d.S900.e.SI200.easyeasymoderatemoderateeasyeasyTESTBANKSIXTHEDITIONCHAPTER9THEANALYSISOFCOMPETITIVEMARKETS311easy11.Consumersurplusmeasuresa.theextraamountthataconsumermustpaytoobtainamarginalunitofagoodorservice.b.theexcessdemandthatconsumershavewhenapriceceilingholdspricesbelowtheirequilibrium.c.thebenefitthatconsumersreceivefromagoodorservicebeyondwhattheypay.d.gainorlosstoconsumersfrompricefixing.easy12.Whengovernmentintervenesinacompetitivemarketbyimposinganeffectivepriceceiling,wewouldexpectthequantitysuppliedto______________andthequantitydemandedtoa.fall;riseb.fall;fallc.rise;rised.rise;falleasy13.Producersurplusismeasuredasthea.areaunderthedemandcurveabovemarketprice.b.entireareaunderthesupplycurve.c.areaunderthedemandcurveabovethesupplycurve.d.areaabovethesupplycurveuptothemarketprice.easy14.Inanunregulated,competitivemarketconsumersurplusexistsbecausesomesellersarewillingtotakealowerpricethantheequilibriumprice.consumersarewillingtopaymorethantheequilibriumprice.sellerswillonlysellatpricesaboveequilibriumprice(oractualprice),consumersarewillingtomakepurchasesonlyifthepriceisbelowtheactualprice.easy15.Inanunregulated,competitivemarketproducersurplusexistsbecausesomea.consumersarewillingtopaymorethantheequilibriumprice.b.producersarewillingtotakemorethantheequilibriumprice.c.producersarewillingtosellatlessthantheequilibriumprice.d.consumersarewillingtopurchase,butonlyatpricesbelowequilibriumprice.easy16.Deadweightlossreferstoa.lossesinconsumersurplusassociatedwithexcessgovernmentregulations.b.situationswheremarketpricesfailtocaptureallofthecostsandbenefitsofapolicy.c.netlossesintotalsurplus.d.lossesduetothepoliciesoflaborunions.easy17.In1970sthefederalgovernmentimposedpricecontrolsonnaturalgas.Whichofthefollowingstatementsistrue?a.Thesepricecontrolscausedachronicexcesssupplyofnaturalgas.h.Consumersgainedfromthepricecontrols,becauseconsumersurpluswaslargerthanitwouldhavebeenunderfreemarketequilibrium.c.Producersgainedfromthepricecontrolsbecauseproducersurpluswaslargerthanitwouldhavebeenunderfreemarketequilibrium.d.Thisepisodeofpricecontrolswasunusual,becauseitresultedinnodeadweightlosstosociety.TESTBANKSIXTHEDITIONCHAPTER9THEANALYSISOFCOMPETITIVEMARKETS312moderate18.Aneffectivepriceceilingcausesalossofa.producersurplusforcertainandpossiblyconsumersurplusaswell.b.consumersurplusonly.c.producersurplusonly.d.consumersurplusforcertainandpossiblyproducersurplusaswell.e.neitherproducernorconsumersurplus.moderate19.Priceceilingscanresultinanetlossinconsumersurpluswhenthecurveisa.demand;veryelasticb.demand;veryinelasticc.supply;veryinelasticd.noneoftheabove;priceceilingsalwaysincreaseconsumersurplus.moderate20.Producersurplusforthewholemarketcanbethoughtofasa.totalprofit.b.variableoperatingprofitplusfactorrents.c.totalprofitminusfactorrentsearnedbylowercostfirms.d.totalprofitplusfactorrentsearnedbylowercostfirms.Figure9.2easy21.RefertoFigure9.2.Atprice0EandquantityQ*.consumersurplusistheareaa.OFCQ*.b.AFC.c.EFC.AEC.e.noneoftheabove.Q1Q*OutputTESTBANKSIXTHEDITIONCHAPTER9THEANALYSISOFCOMPETITIVEMARKETS313a.0ABQ1.b.OEDQi-c.AHB.d.OFGQI.e.noneoftheabove.26.RefertoFigure9.2.AtpriceOHandquantityQI,thedeadweightlossisa.DGC.b.BDC.c.BGC.d.OFGQI.e.noneoftheabove.moderate22.RefertoFigure9.2.AtpriceOEandquantityQ*.producersurplusistheareaa.b.c.d.e.OACQ*.OECQ*.OFCQ*.EFC.noneoftheabove.moderate23.RefertoFigure9.2.AtpriceOEandquantityQ*.thedeadweightlossisa.OACQ*.b.OECQ*.c.OFCQ*.d.EFC.e.noneoftheabove.moderate24.RefertoFigure9.2.