【ACCA选择题】
第一题:Consumer surplus is:
A The excess between what consumers are prepared to pay for a good or service,and the prevailing
market price
B The indirect tax producers pay on a good or service
C The marginal utility gained by consuming one more unit of a good or service
D The indirect tax consumers pay on a good or service
第二题:Which combination of demand and supply curves would be appropriate for a firm attempting to increase
its profits by increasing its market share?
A Inelastic demand,inelastic supply
B Elastic demand,elastic supply
C Inelastic demand,elastic supply
D Elastic demand,inelastic supply
第一题:D
Rationale:Assuming a normal good,a decrease in price results in a greater quantity being demanded.Given that demand is price elastic,the increase in quantity will be proportionally greater than the price fall.
第二题:C
Rationale:Imagine you can buy a second car for$10,000 or buy a bike for$100 and they both give you the same extra utility.You wouldn't choose to buy the car as you're paying much more to achieve the same utility as you could get from buying the bike.If you get 10 times more utility for one thing compared to another you'd be prepared to pay 10 times more for it.