推广 热搜: 考试  报名    2020年  职业  2019  备考  报考  什么  湖南 

economicsexercise:TheGiffenandVeblengoods

   日期:2020-10-27     来源:www.sosuoseo.com    作者:智学网    浏览:591    
核心提示:[db:简介]

学习是一个不断积累的过程,天天学习一点,天天进步一点!为了帮大伙更高效地备考2021年CFA考试,智学说每天为大伙上新CFA习题供大伙训练。让网校与您一块高效备考2021年CFA考试,梦想成真!

Questions 1:

The following data apply to a firm operating in perfect competition.

The firm’s profit maximizing output (in units) is most likely:

A 、23.

B 、in excess of 24.

C 、21.

Questions 2:

Which of the following statements with respect to Giffen and Veblen goods isleast accurate?

A 、Giffen goods are “inferior,” whereas Veblen goods are “high-status” goods.

B、 The highly negative income effect overpowers the substitution effect forboth types of goods.

C、 Both types of goods demonstrate the possibility of a positively slopingdemand curve.

View answer resolution【Answer to question 1】A
【analysis】

A is correct. Under perfect competition, economic profits are maximized when marginal revenue equals marginal cosplayt—in this case, marginal cosplayt crosses $10 per unit. Profits are maximized at 23 units of production because marginal cosplayt is in excess of marginal revenue at 24 units.

C is incorrect. It represents the minimum total cosplayt point for the given data, not the profit maximizing point.

B is incorrect. At and beyond 24 units, marginal cosplayts exceed marginal revenue.

【Answer to question 2】B
【analysis】

B is correct. The overwhelming nature of the highly negative income effect over the substitution effect is applicable to Giffen goods only. Veblen goods are highly valued, high-priced “status” goods; consumers may tend to buy more of a Veblen good if its price rises.

A is incorrect. It is true that Giffen goods are “inferior” whereas Veblen goods are “high-status” goods.

C is incorrect. It is true that both Giffen goods and Veblen goods demonstrate the possibility of a positively sloping demand curve

成功=时间+办法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的训练。而大家常常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。我们相信,天天都在勤奋训练,即便是一点点的进步,大伙肯定可以成为每人称赞的“牛人”。更多CFA考试资讯,

 
打赏
 
更多>会计职称相关文章

推荐图文
推荐会计职称
点击排行
网站首页  |  关于我们  |  联系方式  |  使用协议  |  版权隐私  |  网站地图  |  排名推广  |  广告服务  |  积分换礼  |  网站留言  |  RSS订阅  |  违规举报
智学网-大智教育,好的学习方法与技巧指导,我要自学网站