Praktikum VIII

Take-Home selasa, tahun baru hijriah

soal yang dikerjakan :

MQ = all

T/F = all, if False give the reason please..

MC= 1,2,4,5,6,9,10

Essay : 1, 3, 4, 5, 6, 8, 9

Deadline Pengumpulan

paling lambat hari KAMIS 9 Desember 2010 pukul 17.00 @loker saya (Putri Rahmi Mardius) di ruang Asisten lantai 2.

lewat dari hari tersebut, praktikum tidak saya terima.

jika ada kesulitan, silahkan tanya saya, via sms, Fb (putri rahmi), atau YM (unyiel_maama)

berhubung saya tdak menjelaskan terlebih dahulu di kelas seperti biasanya, maka untuk hasil akhir pengerjaan praktikum ini, nilai kalian akan saya tambah 5 point (+5)

selamat mengerjakan, dan baca soalnya baik-baik :)

CHAPTER 11

GENERAL EQUILIBRIUM AND THE EFFICIENCY OF PERFECT COMPETITION MARKET

Matching Questions

1. The process of examining the equilibrium conditions in individual markets and firms separately…

2. The goods that the demand is exist but the supply does not exist…

3. Occurs when resources are misallocated, or allocated inefficiently…

4. No change is possible that will make some members of society…. without….making some of society….

5. The condition that exist when all markets in an economy are simultaneous equilibrium…

6. The condition in which economy is producing what people want at least possible cost…

7. An industry comprised of only one firm that produces a product for which there are no substitute and in which significant barriers exist to prevent new firms from entering the industry…

8. A condition in which no change is possible that will make some members of society better off without making some other members of society worse off…

9. Products produced by firms for sale to individual households…

10. A cost or benefit resulting that is imposed or bestowed upon parties outside the activity or transaction…

A. Pareto efficiency

B. Efficiency

C. Partial equilibrium analysis

D. General equilibrium analysis

E. Market failure

F. Monopoly

G. Externality

H. Better off, worse off

I. Public goods

J. Private goods

K. Equity

L. Asymmetric information

True False

1. The characteristics of public goods is excludable and rivalry.

2. In the public goods is known with free rider problem.

3. The example of negative externalities is air pollution, sound pollution, etc.

4. Asymmetric information is a full knowledge regarding product characteristics, available prices, and so forth.

5. If all these assumption about perfect competition can be hold, the result is an efficient allocation of resources.

6. Market failure occurs when resources are misallocated, or allocated inefficiently

7. In perfect competition market, price in the short run long run is equal.

8. Market efficient is not rests heavily on the assumption that consumer and producers have full knowledge of product characteristics, available prices, and so forth.

9. In the monopoly industry, the output that supplied is higher than in the perfect competition market so the firms will get high profit.

10. Partial equilibrium analysis is use to analyze the equilibrium condition in the same market.

Multiple Choices

1. The characteristics of public goods are…

a. Non rivalry and non excludable

b. Non rivalry and excludable

c. Rivalry and excludable

d. Rivalry and non excludable

2. In the perfect competition market output will maximized where…

a. P = MC

b. P <>

c. P > MC

d. P = constant

3. The condition that exist when all markets in an economy are in simultaneous equilibrium..

a. Partial equilibrium analysis c. Pareto efficiency

b. General equilibrium analysis d. Efficiency

4. The problem in public goods where there is a people who pay for the public goods and the others is not..

a. Free rider problem

b. Asymmetric information

c. Drop in bucket problem

d. Moral hazard

5. The sources of market failure are…

a. Externality c. Imperfect competition

b. Asymmetric information d. All the answer are true

6. Pareto efficiency exists when…

a. Can make some society better off without make other people worse off.

b. No change is possible that will make some members of society better off without making some other members of society worse off.

c. All the answers are true

d. No one is correct

7. Society will produce the efficient of output if firm equate..

a. P = MC c. P <>

b. P > MC d. P <>

8. What is private goods?

a. Goods or services that bestow collective benefit on members of society.

b. Products produces by firms for sale to individual household

c. A goods where the people can enjoy and there is no payment

d. No one is correct

9. Efficiency exists when?

a. The economy is producing what people want at least possible cost

b. Economy is producing at low output

c. Economy is producing at low output and high cost

d. All the answers are true

10. The Coase theorem says that?

a. When externalities are present, private parties can arrive at the efficient solution without government involvement

b. When externalities are present so the government must involve

c. When externalities are present, the government and private parties can arrive at the efficient solution

d. No one is correct

Essay

1. Explain briefly the partial equilibrium analysis?

2. What is general equilibrium analysis?

3. What is market failure? What are the source of market failure?

4. What is externality? Give the example of positive externalities and negative externalities!

5. What are the characteristics of public goods? Explain briefly!

6. Explain the Pareto efficiency!

7. What is monopoly? Why monopoly is the source of market failure?

8. What is Coase theorem? Explain the three condition must be satisfied for Coase solution to work!

9. What is free rider problem?

10. What is drop in bucket problem?