Grade Grader 内蒙古农业大学2024/2024 学年第 一 学期微观经济学课程考试试卷(A)Please print
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Concepts(3 points each, total 15 points)1
Opportunity cost2
Externality3
Deadweight loss4
Competitive market5
Diminishing marginal productⅡ
True or False Questions (2 points each,total 20 points)( f ) 1
If apple and orange are substitutes, when price of apple increases, then the demand for orange decreases
( f ) 2
The price elasticity of demand remains constant along a linear demand curve
( t ) 3
When price ceiling is below equilibrium price in a competitive market, the price ceiling is binding, and there is shortage in the market
( t ) 4
Total surplus is the values to buyers minus the co