Explain and compare the terms (20%), (5% each)
(一)Vertical equity vs. Horizontal equity
(二)Opportunity cost vs. Sunk cost
(三)Money neutrality vs. Classical dichotomy
(四)Inflation vs. Stagflation
The demand for cigarettes is given by QC = 16 − 2PC + PB , where PC and PB
denote the price of cigarettes and the price of beer, respectively. Determine whether
cigarettes and beer are complements, substitutes, or neither? What is the own price
elasticity and cross-price elasticity of cigarettes and beer when PC = 4 and PB = 2 ?
Using your results from above, determine the effect of a 20 percent increase in PC and
a 10 percent decrease in PB on the demand for cigarettes? Verify your answer by
directly substituting the new prices into the demand function. (15%)
Draw the diagrams showing the relationship between short run average cost curve
(SAC), long run average cost curve (LAC), short run marginal cost curve(SMC), and
Long run marginal cost curve (LMC). What is the theory behind? (15%)
What is the production function for the growth model? What is the Solow Growth
model? Using the following notation: the savings rate, s, the population growth rate, n,
the depreciation rate, σ , and the rate of technical change, θ : and write down the
equation, draw the graph and describe how to get the equilibrium of growth and how to
reach the golden rule of consumption. (20%)
Our legislators what to put a ceiling on the interest rate of credit card. Discuss the
reason and result of this action if the law is enforced. (15%)
可觀看題目詳解,並提供模擬測驗!(免費會員無法觀看研究所試題解答)