【題目】 Consumer surplus is: negative for an inferior good the difference between the price one is willing to pay and the price one has to pay the price one is willing to pay divided by its actual price the difference between the substitution and income effec 答案: the difference between the price one is willing to pay and the price one has to pay
【題目】 Suppose the price of a good rises. When will the resulting substitution effect reduce the quantity demanded of the good? Only when the good is normal. Only when the good is inferior. Whenever the good is a non-Giffen good. Always. 答案是:Always Gemini的答案是錯的 : Whenever the good is a non-Giffen good.
【題目】 If resources are used efficiently, then _____. consumer surplus equals producer surplus consumer surplus plus producer surplus is maximized opportunity cost is minimized producer surplus is maximized 答案 consumer surplus plus producer surplus is maximized .
If resources are used efficiently, then _____. consumer surplus plus producer surplus is maximized consumer surplus equals producer surplus producer surplus is maximized opportunity cost is minimized 答案是consumer surplus plus producer surplus is maximized
【題目】 When marginal profit equals zero. the firm can increase profits by decreasing out put. the firm can increase profits by increasing out put. the firm cannot exercise price discrimination. profit is maximized. 錯誤被扣3分 正解為 profit is maximize