第二章测试1.An indifference curve represents bundles of goods that a consumer
A:ranks from most preferred to least preferred. B:views as equally desirable. C:All of the above. D:refers to any other bundle of goods.
答案:B
2.Convexity of indifference curves implies that consumers are willing to
A:settle for less of both "x" and "y". B:give up more "y" to get an extra "x" the less "x" they have. C:give up more "y" to get an extra "x" the more "x" they have. D:acquire more "x" only if they do not have to give up any "y". 3.If two bundles are on the same indifference curve, then
A:no comparison can be made between the two bundles since utility cannot really be measured. B:the consumer derives the same level of utility from each. C:the consumer derives the same level of ordinal utility from each but not the same level of cardinal utility. D:B and C. 4.If the utility for two goods "x" and "y" is measured as U = x + y, then it can be concluded that
A:"x" and "y" are both bads. B:"x" and "y" are perfect substitutes. C:"x" and "y" are perfect complements. D:the indifference curves on the x,y graph will be upward sloping. 5.Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represents his budget constraint?
A:F = 250 - 50S B:500 = 2F + 100S C:All of the above. D:S = 5 - .02F
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