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Refer to Figure 9.3.1. If the government establishes a price floor of $40 and purchases the surplus, total consumer and producer surplus will be:
选项：

A:$15.
B:30 widgets.
C:$1,050.
D:$1,200.
E:$1,350.

发布时间：2024-04-14 22:15:16

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相关试题

1.Refer to Figure 9.3.1. If the government establishes a price floor of $40 and government purchases the surplus over quantity demanded, producer surplus will: 选项： A:fall by $275. B:fall by $500. C:remain the same. D:rise by $275. E:rise by $500.
2.Refer to Figure 9.1.3 above. If the government establishes a price ceiling of $1.00, total consumer and producer surplus will be: 选项： A:$1.50. B:$300. C:$450. D:$500. E:$600.
3.Refer to Figure 9.3.2 above. If the government establishes a price floor of $2.50 and farmers grow only the amount of berries that will be sold, producer surplus will: 选项： A:fall by $50. B:fall by $100. C:remain the same. D:rise by $50. E:rise by $100.
4. When the competitive market is using its resources efficiently, the 选项： A、 total amount of consumer surplus is maximized. B、 total amount of producer surplus is maximized. C、 sum of the total amount of consumer surplus plus the total amount of producer surplus is maximized. D、 sum of the total amount of consumer surplus plus the total amount of producer surplus equals zero.
5.Total surplus is the sum of consumer surplus and producer surplus.
6.Refer to Figure 9.1.3 above. If the market is in equilibrium, total consumer and producer surplus is: 选项： A:$0. B:$4. C:$5. D:$600. E:$800.
7.【单选题】An increase in the price of a good will cause: A. an increase in producer surplus and a decrease in consumer surplus B. a decrease in producer surplus and an increase in consumer surplus C. both producer and consumer surplus to increase D. both producer and consumer surplus to decrease
8.【案例分析题】The below figure shows the market for a prescription drug. What is the equilibrium price of the drug? How many doses are purchased? Suppose the government imposes a price ceiling of $1.50 a dose. Is the price ceiling regulation efficient or inefficient? Please use consumer surplus, producer surplus and total surplus to support your answer. Please analyze the tradeoff between efficiency and fairness.
9. If the government establishes a legal price floor for a good, the result will be a(n)选项： A: shortage of the good, but only if the floor is equal to the equilibrium price.; B:surplus of the good, but only if the floor is above the equilibrium price.; C:surplus of the good, but only if the floor is below the equilibrium price.; D:shortage of the good, but only if the floor is above the equilibrium price.
10.Graciela is willing to sell a dozen roses for $50, while Giuseppe is willing to sell a dozen roses for $60. Carlos is willing to buy a dozen roses for $60, while Yuriko is willing to pay $50. If the market price is $52, how many roses are sold and what is the sum total of consumer and producer surplus after the transaction(s)? 选项： A: One dozen roses will be sold, and the total consumer and producer surplus will be $10. B: One dozen roses will be sold, and the total consumer and producer surplus will be $16. C: Two dozen roses will be sold, and the total consumer and producer surplus will be $16. D: No roses will be sold, and consequently the total consumer and producer surplus will be $0.
11.Refer to Figure 9.2.1 above. When the minimum imposed price is P2, area A is: 选项： A:a transfer of consumer surplus to producer surplus. B:a deadweight loss associated with the higher than equilibrium price. C:the revenue that producers lose as a result of the imposed price. D:all of the above
12.Suppose a market is in equilibrium. The area between the demand curve and the market price is选项： A:the total economic surplus.; B:producer surplus.; C:consumer surplus.; D:the deadweight loss.
13.( ) are right for tariff?选项： A:Tariff raises the price in the importing country. ; B:Tariff decreases consumer surplus. ; C:Tariff increases consumer surplus.; D:Tariff decreases producer surplus.; E:Tariff increases producer surplus.

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Refer to Figure 9.3.1. If the government establishes a price floor of $40 and purchases the surplus, total consumer and producer surplus will be: 选项： A:$15. B:30 widgets. C:$1,050. D:$1,200. E:$1,350.

Refer to Figure 9.3.1. If the government establishes a price floor of $40 and purchases the surplus, total consumer and producer surplus will be:
选项：

A:$15.
B:30 widgets.
C:$1,050.
D:$1,200.
E:$1,350.