The buyer’s reservation price of a particular good or service is the: A.same as the market price. B.maximum amount the buyer would be willing to pay for it. C.price the buyer must pay to ensure he or she gets it. D.minimum amount the buyer would be willing to pay for it. 正确答案：max … 阅读详情>> "The buyer’s reservation price of a particular good or service is the:"

Shelly purchases a leather purse for $400. One can infer that: A.her reservation price was less than $400. B.she paid too much. C.her reservation price was exactly $400. D.her reservation price was at least $400. 正确答案：her reservation price was at least $400.

Gertie saw a pair of jeans that she was willing to buy for $35. The price tag, though, said they were $29.99. Therefore: A.Gertie should not buy the jeans because the price is not equal to her reservation price. B.Gertie should buy the jeans because the price is more than her res … 阅读详情>> "Gertie saw a pair of jeans that she was willing to buy for $35. The price tag, though, said they were $29.99. Therefore:"

One reason for the _ slope of the demand curve is that as prices fall _. A.downward; more people find that the price is less than their reservation price. B.upward; people expect goods to be of lower quality. C.upward; more people purchase the good. D.downward; fewer people find … 阅读详情>> "One reason for the _ slope of the demand curve is that as prices fall _."

When a slice of pizza at the student union sold for $2, Moe did not purchase any. When the price fell to $1.75, Moe purchased a slice each day for lunch. Moe’s reservation price for a slice of pizza must be: A.less than $1.75. B.at least $1.75 but less than $2. C.exactly $2.00. D … 阅读详情>> "When a slice of pizza at the student union sold for $2, Moe did not purchase any. When the price fell to $1.75, Moe purchased a slice each day for lunch. Moe’s reservation price for a slice of pizza must be:"

Sellers tend to offer _ for sale as price increases, and so the supply curve is _ sloping. A.more; downward B.more; upward C.less; upward D.goods; not 正确答案：more; upward

The supply curve illustrates that firms: A.increase the quantity supplied of a good when its price rises. B.decrease the quantity supplied to earn higher profits. C.increase the supply of a good when its price rises. D.decrease the quantity supplied of a good when input prices fa … 阅读详情>> "The supply curve illustrates that firms:"

As the price of a good rises: A.more firms can cover their opportunity costs of producing the good. B.firms earn larger profits. C.government regulation becomes more justified. D.firms find they can raise price by even more. 正确答案：more firms can cover their opportunity costs of pr … 阅读详情>> "As the price of a good rises:"

Supply curves are generally _ sloping because _. A.downward; more consumers will buy the good if the price falls. B.upward; of inflation. C.downward; it is less expensive to mass-produce goods. D.upward; of the principle of increasing opportunity costs. 正确答案：upward; of the princi … 阅读详情>> "Supply curves are generally _ sloping because _."

Last summer, real estate prices in your town soared. You started noticing more “For Sale” signs in your neighbors’ yards. You conclude that: A.people don’t like to live in your neighborhood anymore. B.the demand curve for housing in your town has shifted to the left while supply … 阅读详情>> "Last summer, real estate prices in your town soared. You started noticing more “For Sale” signs in your neighbors’ yards. You conclude that:"

Jessica’s marginal cost for producing a pitcher of lemonade is $0.25. Therefore, $0.25 can also be called her: A.reservation price. B.marginal revenue. C.producers surplus. D.equilibrium price. 正确答案：reservation price.

Suppose that the market price for hot dogs sold by street vendors has just risen from $4.50 to $5, and that Curly has now begun operating a hot dog cart. We can assume that: A.Curly’s reservation price is $5.00 or more. B.Curly’s reservation price is exactly $5. C.Curly’s reserva … 阅读详情>> "Suppose that the market price for hot dogs sold by street vendors has just risen from $4.50 to $5, and that Curly has now begun operating a hot dog cart. We can assume that:"