【acca F1考试题】2019年4月12日acca每日一练(1-2)
【acca选择题】
1. 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
2. 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
1. A
Rationale: Consumer surplus is the excess between what consumers are prepared to pay for a good or service and the prevailing market price they have to pay to purchase it.
2.B
Rationale: To increase market share requires greater quantities of the firm's products to be both demanded and supplied. To sell more, a firm needs to lower price. For this to be profitable, demand must be elastic. To produce more, supply must also be elastic.
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