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单选题 If an economy is represented by a point inside its production possibilities curve
学科：微观经济学
时间：2023-12-18 16:53:13
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题目1单选题
Suppose that your tuition to attend college is $10,000 per year and you spend $4,000 per year on room and board. If you were working full time instead of attending college, you could earn $20,000 per year. What is your opportunity cost of attending college for one yearA. $14,000B. $24,000C. $30,000D. $34,000
题目2单选题
If an economy is fully utilizing its resources, it can produce more of one product only if itA. doubles manufacturing of the productB. produces less of another productC. adds more people to the labor forceD. reduces the prices of the most expensive products
题目3单选题
The marginal principle states that "we should increase the level of an activity as long asA. its marginal benefit exceeds it marginal cost."B. its marginal cost exceeds its marginal benefit."C. its total benefit exceeds its total cost."D. its total cost exceeds its total benefit."
题目4单选题
If a consumer can buy four pizzas for $24 and five pizzas for $25, then the marginal cost of the fifth pizza isA. $25B. $5C. $6D. $1
题目5单选题
The economic reason why you voluntarily pay tuition to get into the university/college that you are in right now is becauseA. you believe the value of education is higher than the tuition costsB. the marginal benefit of education is positiveC. the marginal benefit of money is zeroD. you believe the value of education is lower than the tuition costs
题目6单选题
To make things simpler and focus attention on what really matters, economists wouldA. use assumptionsB. ignore all variablesC. think at the marginD. respond to incentives
题目7单选题
If an economy is represented by a point inside its production possibilities curveA. it can produce more of one product even if it does not produce less of another productB. it can produce more of one product only if it produces less of another productC. it cannot produce more of one product unless it stops producing the other product entirelyD. it cannot possibly produce more of one product, even if it produces less of another product
题目8单选题
If an economy is represented by a point along its production possibilities curveA. it can produce more of one product even if it does not produce less of another productB. it can produce more of one product only if it produces less of another productC. it cannot produce more of one product unless it stops producing the other product entirelyD. it cannot possibly produce more of one product, even if it produces less of another product
题目9单选题
Suppose that you own a house. What is the opportunity cost of living in the houseA. There is no opportunity cost because you own the houseB. There is no opportunity cost unless you could set up a business in the houseC. The opportunity cost is the rent you could have received from a tenant if you didn't live thereD. The opportunity cost is the cost of your monthly mortgage payment plus bills
题目10单选题
Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time help. As for her personal expenses, her apartment costs her $12,000 per year and her personal bills are an extra $6,000 per year. What is Jacinda's opportunity cost of running the businessA. $104,000B. $86,000C. $62,000D. $44,000
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