No Soal
Ch.1
1 The higher the interest rate
2 If the interest rate is 10
percent and cash flows are
$1,000 at the end of year one
and $2,000 at the end of year
two, then the present value
of these cash flows is
3 Accounting profits are
4 Economic profits are
5 Which of the following is an
implicit cost to a firm that
produces a good or service?
6 Which of the following is an
implicit cost of going to
college?
7 Which of the following are
signals to the owners of
scarce resources about the
best uses of those resources?
8 The primary inducement for
new firms to enter an
industry is
9 As more firms enter an
industry
10 Scarce resources are
ultimately allocated toward
the production of goods
most wanted by society
because
11 The opportunity cost of
receiving $10 in the future
as opposed to getting that
$10 today is
12 If the interest rate is 5
percent, what is the present
value of $10 received one
year from now?
13 If you put $1,000 in a
savings account at an
Jawaban Penyelesaian
B. the smaller the This means that the higher the interest rate, the
present value of a lower the present value of a future amount, and
future amount. conversely (P.12)
A. $2,562. (1000/(1+10%)1+(2000/(1+10%)2= 2.561,9
A.total revenue accounting profits The total amount of money
minus total cost. taken in from sales (total revenue, or price times
quantity sold) minus the dollar cost of producing
goods or services. (P.4)
C. total revenue economic profits The difference between total
minus total revenue and total opportunity cost. (P.5)
opportunity cost.
C. Foregone profits The opportunity cost of using a resource includes
of producing a both the explicit (or accounting) cost of the
different good or resource and the implicit cost of giving up the
service best alternative use of the resource (P.5)
D. Foregone wages , the opportunity cost of going to school is much
higher than the cost of tuition and books; it also
includes the amount of money you would earn
had you decided to work rather than go to
school.(P.5)
A. Profits of the profits of businesses signal where society’s
businesses scarce resources are best allocated. (P.6)
D. presence of This induces new firms to enter the markets in
economic profits. which economic profits are available. (P.6)
B. economic As more firms enter the industry, the market
profits decrease. price falls, and economic profits decline (P.6)
A. firms attempt to Managerial economics, therefore, is the study of
maximize profits. how to direct scarce resources in the way that
most efficiently achieves a managerial goal. It is a
very broad discipline in that it describes methods
useful for directing everything from the resources
of a household to maximize household welfare to
the resources of a firm to maximize profits. (P.3)
A. the foregone The reason is simple: The opportunity cost of
interest that could receiving the $1 in the future is the forgone
be earned if you interest that could be earned were $1 received
had the money today. (P.12
today.
c. $9.52 (10/(1+5%)1= 9,52
D. $1,100 1000x(1+10%)1=1100
 interest rate of 10 percent,
how much money will you
have in one year?
14 If the interest rate is 5
percent, the present value of
$200 received at the end of
five years is
15 When dealing with present
value, a higher interest rate
1 In a competitive market, the
market demand is Qd = 60 -
6P and the market supply is
Qs = 4P. A price ceiling of $3
will result in a
2 In a competitive market, the
market demand is Qd = 60 -
6P and the market supply is
Qs = 4P. The full economic
price under a price ceiling of
$3 is
3 The buyer side of the
market is known as the:
4 The law of demand states
that, holding all else
constant:
5 Which of the following
would not shift the
demand for good A?
B. $156.71. (200/(1+5%)5= 156,7
C. decreases the This means that the higher the interest rate, the
present value of a lower the present value of a future amount, and
future amount. conversely. (P.12)
Ch.02
A. shortage of 30 60-6P= 4P
units. P= 6
At price ceiling of 3
Qd= 60-18= 42
Qs= 4*3= 12
Shortage= 42-12= 30
C. 8. The full economic price = price ceiling + Non
pecuniary price
Non pecuniary price = Amount supplied at the
price ceiling: 4*3 = 12
The price consumers pay at this supply: 12=60-6P
or P = 8
Full economic price = 3+(8-3) = $8
B. demand side. law of demand As the price of a good rises
(falls) and all other things remain constant, the
quantity demanded of the good falls
(rises). market demand curve A curve
indicating the total quantity of a good all
consumers are willing and able to purchase at
each possible price, holding the prices of
related goods, income, advertising, and other
variables constant. (P.32)
as price falls, law of demand As the price of a good rises
quantity (falls) and all other things remain constant, the
demanded rises. quantity demanded of the good falls
(rises). market demand curve A curve
indicating the total quantity of a good all
consumers are willing and able to purchase at
each possible price, holding the prices of
related goods, income, advertising, and other
variables constant. (P.32)
A. Drop in price of change in demand Changes in variables other
good A. than the price of a good, such as income or the
price of another good, lead to a change in
demand. This corresponds to a shift of the

6 Changes in the price of
good A lead to a change in:
7 A change in income will not
lead to:
8 If good A is an inferior
good, an increase in
income leads to:
9 Which of the following is
probably not a normal
good?
10 An increase in the price of
steak will probably lead to:
11 Which of the following
pairs of goods are probably
complements?
12 If A and B are
complements, an increase
in the price of good A
would:
13 Graphically, a decrease in
advertising will cause the
demand curve to:
14 Persuasive advertising
influences demand by:
15 Which of the following can
explain an increase in the
demand for housing in
retirement communities?
16 The demand function
recognizes that the
quantity of a good
consumed depends on:
17 Suppose the demand for
good X is given by Qdx = 10
+ axPx + ayPy + aMM. From
the law of demand we
know that ax will be:
entire demand curve. (P.33)
C. the quantity change in quantity demanded Changes in the
demanded of price of a good lead to a change in the quantity
good A. demanded of that good. This corresponds to a
movement along a given demand curve. (P.33)
A. a movement In graphical terms, a change in income shifts
along the demand the entire demand curve. (P.33)
curve.
B. a decrease in inferior good A good for which an increase
the demand for (decrease) in income leads to a decrease
good A. (increase) in the demand for that good. (P.34)
C. macaroni and normal good A good for which an increase
cheese. (decrease) in income leads to an increase
(decrease) in the demand for that good. Ex:
steak, airline travel, and designer jeans (P.33)
A. an increase in substitutes Goods for which an increase
demand for (decrease) in the price of one good leads to an
chicken. increase (decrease) in the demand for the other
good. (P.34)
D. Hamburgers complements Goods for which an increase
and ketchup. (decrease) in the price of one good leads to a
decrease (increase) in the demand for the other
good. (P.35)
C. lead to a complements Goods for which an increase
decrease in (decrease) in the price of one good leads to a
demand for B. decrease (increase) in the demand for the other
good. (P.35)
D. shift leftward. An increase in advertising shifts the demand
curve to the right. (P.35)
C. altering the Advertising can also influence demand by
underlying tastes altering the underlying tastes of consumers
of consumers. These types of advertising messages are known
as persuasive advertising. (P.35)
B. An increase in Population The demand for a product is also
the population of influenced by changes in the size and
the elderly. composition of the population. (P.36)
C. demand the demand function explicitly recognizes that
shifters and price. the quantity of a good consumed depends on
its price and on demand shifters (P.36)
A. less than zero. By the law of demand, an increase in Px leads
to a decrease in the quantity demanded of
good X. This means that αx < 0. The sign of αy
will be positive or negative depending on
whether goods X and Y are substitutes or

18 Suppose the demand for
good X is given by Qdx = 10
+ axPx + ayPy + aMM. If ay
is positive, then:
19 Suppose the demand for
good X is given by Qdx = 10
+ axPx + ayPy + aMM. If aM
is negative, then good y is:
20 Suppose the demand for
good X is given by Qdx = 10
- 2Px + Py + M. The price of
good X is $1, the price of
good Y is $10, and income
is $100. Given these prices
and income, how much of
good X will be purchased?
complements. (P.37)
D. goods y and x If αy is a negative number, an increase in the
are substitutes. price of good Y will lead to a decrease in the
consumption of good X; hence, good X is a
complement to good Y. (P.37)
B. an inferior αM also can be positive or negative depending
good. on whether X is a normal or an inferior good. If
αM is a positive number, an increase in income
(M) will lead to an increase in the consumption
of good X, and good X is a normal good. If αM is
a negative number, an increase in income will
lead to a decrease in the consumption of good
X, and good X is an inferior good. (P.37)
D. None of the Qdx = 10 - 2Px + Py + M
statements The price of good X is $1,
associated with the price of good Y is $10
this question are income is $100.
correct.
Qdx = 10 – 2(1)+ 10 + 100
Q= 117