Asset Markets - 經濟

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學校:國立暨南國際大學

教師:賴法才

科目:個體經濟學

題目來源:Varian 的 Test-Item File

題目:

1.Vincent Smudge's Paintings are unappreciated now. Nobody is willing to pay

anything to have them on the walls. In 5 years Smudgee's work will gain

enduring popularity. People will suddenly be willing to pay $1000 a year

to have an original Smudge on their walls and will continue to be willing

to do so ever after. If investors realize that this is the case and if the

interest rate is and always will be r, a painting by smudge will currently

be worth about

a. (1000/r)[1/(1+r)^4]

b. 1000/r-5000/r

c. 1000(1+r)^5

d. 1000(1/r)^5

e. 200/r

我的想法:不太懂為什麼會變成a選項那樣 跟以往的折現值不同嗎?

2. A certain wine costs $3 a bottle to produce. It improves in taste if

stored properly for a period of time. When it is newly bottled, people are

willing to pay only $2 a bottle to drink it. But the amount that people

are willing to pay to drink a bottle of this wine will rise by $3 a year

for the next 50 years. Storage costs, not including interest, are $.50

per year. If the interest rate is 5% and the wine is kept by rational

investors, how old will it be when it is drunk and what will be its price

at that time?

a. 50 years old and $152

b. 16 years old and $50

c. 50 years old and $153

d. 20 years old and $63

e. 4 years old and $14

我的想法:是不是酒經過儲藏的價值,到達跟人們對酒的保留價格時的那個時間跟

價格啊?


p.s.我真的把課本看了很多遍了orz 很努力想看更通

但是面對題目我對這章毫無招架之力 不是我想當free rider Orz

拜託各位點醒我一下了Q_Q

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