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IB Economics Unit 2.3: Microeconomics - Elasticities (id: b8f935f6c)

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admin 发表于 2024-4-8 19:18:33 | 显示全部楼层 |阅读模式
本题目来源于试卷: IB Economics Unit 2.3: Microeconomics - Elasticities,类别为 IB经济学

[单选题]
Gizmos Whats its Widgets
Firm A weekly production 80 70 50
Income elasticity of demand(YED)
1.2 0.6 -0.4


Assume consumers' incomes fall, and the chief operating officer of Firm A recommends reallocating production inputs to reflect changes in demand. Which of the following recommended reallocations would lead to the greatest increase in sales for Firm A?

A. produce 100 gizmos, 80 whatsits, and 20 widgets
B. produce 150 gizmos, 50 whatsits, and 0 widgets
C. produce 40 gizmos, 100 whatsits, and 60 widgets
D. produce 45 gizmos, 55 whatsits, and 90 widgets


参考答案:  D


本题详细解析:
Applying the YED values ofo ff q5/z+nq ya31b9md the goods to the formula for YED shows that a decrease in income decreases demand for goods with positive YED values and increases demand for goods with negative YED values. Choice D is correct: demand for widgets increases, but demand for gizmos and whatsits decreases. To reflect changes in demand, Firm A should produce more widgets and fewer gizmos and whatsits. Choices A, B, and C are incorrect: the demand for gizmos and whatsits hy1qqz9mnf/df+b 35o a as decreased, so Firm A should not produce more of these products.

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