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[单项选择]Are the following two statements about the marginal revenue product (MRP) of a factor of production correct Statement 1: In a price taker market, the MRP of an input is the marginal product of the input multiplied by the price of the output it generates. Statement 2: If we compare any two productive inputs, the one with the higher MRP will earn greater economic rent. Statement 1 Statement 2()①A. Correct Correct ②B. Incorrect Correct ③C. Correct Incorrect
A. ①
B. ②
C. ③
[单项选择]Are the following two statements about the elasticity of labor demand correct Statement 1: Labor demand is more elastic in the short run than in the long run because other factors of production are fixed in the short run. Statement 2: The more labor-intensive a firm’s production processes, the more elastic the firm’s demand for labor will be. Statement 1 Statement 2 ()①A. Correct Correct ②B. Correct Incorrect ③C. Incorrect Correct
A. ①
B. ②
C. ③
[单项选择]Conversation 1Which of the following statements is TRUE
A. Laura is not so busy today as usual.
B. Jessica is on a business trip with her boss.
C. Laura is unwilling to give Phil sympathy because she is extremely busy.
D. Jessica’s boss owns the company which Mandy was working for.
[单项选择]Conversation 2Which of the following statements is TRUE
A. In Shelley’s Opinion, the press is not so important.
B. Before Shelley was famous, she begged the press editor to write anything about her.
C. Shelley usually read some true stories about herself in newspapers and magazines recently.
D. When Shelley and her co-star took a bath, the bath was filled with $5, 000 worth of milk.
[单项选择]
Conversation Two
Which of the following pictures shows the correct location of the shop( )
A. In Cambridge.
B. In London.
C. In Peterstown.
[单项选择]
Conversation Two
Which of the following statements is true, according to the conversation A. The cost of living in Germany is approximately the same as in Britain. B. They agree that Munich would be the best city to live in. C. The Frankfurt job will help the man’s career most.
[单项选择]
Conversation Two
Which of the following will Ellen buy( )
A. For her holiday.
B. For her new job.
C. For her brother’s wedding.
[单项选择]Conversation Two
A. How should we care for precious metal.
B. A standard unit for measuring weight.
C. How to judge the value of precious metals.
D. An introduction of the metric system.
[单项选择]What is the relationship between the following two sentences
(a) He married a blonde heiress.
(b) He married a blonde.
A. presupposition
B. implicature
C. entailment
D. anomaly
[单项选择]{{B}}Conversation Two{{/B}}
The following details are true about the new device EXCEPT ______.
[单项选择]An index was recently begun with the following two stocks: Company A -50 shares valued at $ 2 each. Company B - 10 shares valued at $10 each. Given that the value-weighted index was originally set at 100 and Company A’s stock is currently selling for $ 4 per share while Company B’s stock is still at $10 per share, what is the current value of the price-weighted index and the value-weighted index Price -weighted Value -weighted()①A. 7 300 ②B. 8 150 ③C. 7 150
A. ①
B. ②
C. ③