Decision-Making Process of Economic Agents：练习题

• a.Calculate the total revenue minus the total cost to ensure a profit is made.
• b.Compare the additional benefit of producing one more unit with the additional cost of that unit.
• c.Consider only the sunk costs incurred in previous production cycles.
• d.Consult the government to ensure social welfare is being maximized.

• a.

  An improvement in the overall efficiency of the national transport network and reduced commuting times.

• b.

  The opportunity cost of forgoing investment in the national healthcare system.

• c.

  A significant increase in private sector construction costs due to the sudden shortage of skilled labor diverted to public projects.

• d.

  A deliberate redistribution of wealth through the creation of new jobs in the public sector.

• a.

  The scale where \(MSB = MSC\), as this maximizes net social welfare.

• b.

  The scale where \(MSB\) is at its maximum, ensuring highest satisfaction for citizens.

• c.

  The scale where total social benefits exceed total social costs by the greatest possible amount, regardless of marginal values.

• d.

  The scale where \(MSC\) is minimized, ensuring the lowest possible burden on public finances.

• a.To ensure that the government provides an equitable distribution of resources.
• b.To maximize utility from the consumption of goods and services.
• c.To minimize the opportunity cost of their daily leisure time.
• d.To maximize total revenue from selling their labor services.

• a.

  The average utility of all units consumed exceeds the price of the additional unit.

• b.

  The marginal utility derived from the additional unit is greater than or equal to the marginal cost of purchasing it.

• c.

  The consumer has no budget constraint and can afford to purchase the unit regardless of cost.

• d.

  The total utility derived from all units consumed is maximized at the point of purchase.

先自己写一遍答案，再对照解题步骤。

先自己写一遍答案，再对照解题步骤。