麦圭根《管理经济学》英文版题库Chapter3DemandAnalysis.docx
- 文档编号:3651398
- 上传时间:2022-11-24
- 格式:DOCX
- 页数:27
- 大小:62.46KB
麦圭根《管理经济学》英文版题库Chapter3DemandAnalysis.docx
《麦圭根《管理经济学》英文版题库Chapter3DemandAnalysis.docx》由会员分享,可在线阅读,更多相关《麦圭根《管理经济学》英文版题库Chapter3DemandAnalysis.docx(27页珍藏版)》请在冰豆网上搜索。
麦圭根《管理经济学》英文版题库Chapter3DemandAnalysis
MultipleChoice
1. Supposeweestimatethatthedemandelasticityforfineleatherjacketsis-.7attheircurrentprices. Thenweknowthat:
a.
a1%increaseinpricereducesquantitysoldby.7%.
b.
noonewantstobuyleatherjackets.
c.
demandforleatherjacketsiselastic.
d.
acutinthepriceswillincreasetotalrevenue.
e.
leatherjacketsareluxuryitems.
ANSWER:
a
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
ThePriceElasticityofDemand
KEYWORDS:
Knowledge
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
2. Ifdemandwereinelastic,thenweshouldimmediately:
a.
cuttheprice.
b.
keepthepricewhereitis.
c.
gototheNobelPrizeCommitteetoshowwewerethefirsttofindanupwardslopingdemandcurve.
d.
stopsellingitsinceitisinelastic.
e.
raisetheprice.
ANSWER:
e
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
ThePriceElasticityofDemand
KEYWORDS:
Comprehension
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
3. Inthisproblem,demonstrateyourknowledgeofpercentageratesofchangeofanentiredemandfunction(HINT:
%ΔQ=EP•%ΔP+EY•%ΔY). YouhavefoundthatthepriceelasticityofmotorcontroldevicesatAllen-BradleyCorporationis-2,andthattheincomeelasticityisa+1.5. Youhavebeenaskedtopredictsalesofthesedevicesforoneyearintothefuture. EconomistsfromtheConferenceBoardpredictthatincomewillberising3%overthenextyear,andAB’smanagementisplanningtoraiseprices2%. YouexpectthatthenumberofABmotorcontroldevicessoldinoneyearwill:
a.
fall.5%.
b.
notchange.
c.
rise1%r.
d.
rise2%.
e.
rise.5%.
ANSWER:
e
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
CrossElasticityofDemand
KEYWORDS:
BLOOMS:
Application
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
4. Alineardemandforlakefrontcabinsonanearbylakeisestimatedtobe:
QD=900,000-2P. WhatisthepointpriceelasticityforlakefrontcabinsatapriceofP=$300,000?
[HINT:
Ep=(∂Q/∂P)(P/Q)]
a.
EP=-3.0
b.
EP=-2.0
c.
EP=-1.0
d.
EP=-0.5
e.
EP=0
ANSWER:
b
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
ThePriceElasticityofDemand
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
5. Propertytaxesaretheproductofthetaxrate(T)andtheassessedvalue(V). Thetotalpropertytaxcollectedinyourcity(P)is:
P=T•V. Ifthevalueofpropertiesrise4%andifMayorandCityCouncilreducesthepropertythetaxrateby2%,whathappenstothetotalamountofpropertytaxcollected?
[HINT:
thepercentagerateofchangeofaproductisapproximatelythesumofthepercentageratesofchange.}
a.
Itrises6%.
b.
Itrises4%.
c.
Itrises3%.
d.
Itrises2%
e.
Iffalls2%.
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
CrossElasticityofDemand
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
6. DemandisgivenbyQD=620-10·PandsupplyisgivenbyQS=100+3·P. Whatisthepriceandquantitywhenthemarketisinequilibrium?
a.
Thepricewillbe$30andthequantitywillbe132units.
b.
Thepricewillbe$11andthequantitywillbe122units.
c.
Thepricewillbe$40andthequantitywillbe220units.
d.
Thepricewillbe$35andthequantitywillbe137units
e.
Thepricewillbe$10andthequantitywillbe420units.
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
BLOOM’S:
Comprehension
KEYWORDS:
BPROG:
Analytic
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
7. WhichofthefollowingwouldtendtomakedemandINELASTIC?
a.
theamountoftimeanalyzedisquitelong
b.
therearelotsofsubstitutesavailable
c.
theproductishighlydurable
d.
theproportionofthebudgetspentontheitemisverysmall
e.
noonereallywantstheproductatall
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
ThePriceElasticityofDemand
KEYWORDS:
BLOOM’S:
Knowledge
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
8. Whichofthefollowingbestrepresentsmanagement'sobjective(s)inutilizingdemandanalysis?
a.
itprovidesinsightsnecessaryfortheeffectivemanipulationofdemand
b.
ithelpstomeasuretheefficiencyoftheuseofcompanyresources
c.
itaidsintheforecastingofsalesandrevenues
d.
aandb
e.
aandc
ANSWER:
e
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
TheIncomeElasticityofDemand
KEYWORDS:
BLOOM’S:
Knowledge
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
7/23/20163:
14PM
9. Identifythereasonswhythequantitydemandedofaproductincreasesasthepriceofthatproductdecreases.
a.
asthepricedeclines,therealincomeoftheconsumerincreases
b.
asthepriceofproductAdeclines,itmakesitmoreattractivethanproductB
c.
asthepricedeclines,theconsumerwillalwaysdemandmoreoneachsuccessivepricereduction
d.
aandb
e.
aandc
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
DemandRelationships
KEYWORDS:
BLOOM’S:
Knowledge
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
7/23/20163:
15PM
10. Anincreaseinthequantitydemandedcouldbecausedby:
a.
anincreaseinthepriceofsubstitutegoods
b.
adecreaseinthepriceofcomplementarygoods
c.
anincreaseinconsumerincomelevels
d.
alloftheabove
e.
noneoftheabove
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
DemandRelationships
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
11. Goodshavinganegativecalculatedincomeelasticityare...
a.
superiorgoods
b.
producers'goods
c.
nondurablegoods
d.
inferiorgoods
e.
noneoftheabove
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
TheIncomeElasticityofDemand
KEYWORDS:
BLOOM’S:
Knowledge
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
7/20/201612:
21PM
12. IfthecrosspriceelasticitymeasuredbetweenitemsAandBispositive,thetwoproductsarereferredtoas:
a.
complements
b.
substitutes
c.
inelasticascomparedtoeachother
d.
bothbandc
e.
a,b,andc
ANSWER:
b
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
Analytic
TOPICS:
CrossElasticityofDemand
KEYWORDS:
BLOOM’S:
Knowledge
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
7/23/20163:
17PM
13. Whendemandis____apercentagechangein____isexactlyoffsetbythesamepercentagechangein____demanded,thenetresultbeingaconstanttotalconsumerexpenditure.
a.
elastic;price;quantity
b.
unitelastic;price;quantity
c.
inelastic;quantity;price
d.
inelastic;price;quantity
e.
noneoftheabove
ANSWER:
b
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
ThePriceElasticityofDemand
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
14. Marginalrevenue(MR)is____whentotalrevenueismaximized.
a.
greaterthanone
b.
equaltoone
c.
lessthanzero
d.
equaltozero
e.
equaltominusone
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
MultipleChoice
HAS VARIABLES:
False
NATIONAL STANDARDS:
UnitedStates-BPROG:
ReflectiveThinking-BPROG:
Analysis
TOPICS:
ThePriceElasticityofDemand
KEYWORDS:
BLOOM’S:
Comprehension
DATE CREATED:
6/21/20168:
43AM
DATE MODIFIED:
6/21/20168:
43AM
15. Thefactor(s)whichcause(s)amovementalongthedemandcurveinclude(s):
a.
increaseinlevelofadvertisin
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 管理经济学 麦圭根 管理 经济学 英文 题库 Chapter3DemandAnalysis