AP (Advanced Placement) Macroeconomics: Questions 704 - 707 of 750

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Question 704

Appeared in Year: 2019 (NET)

Question

MCQ▾

The cost function of a monopolist is . Write his demand function as What is his profit maximizing output level? (June)

Choices

Choice (5)Response

a.

9

b.

12

c.

11

d.

8

e.

All of the above

Question 705

Appeared in Year: 2019 (NET)

Question

MCQ▾

Which one of the following items is included in the Capital Account of the balance of payments of a country? (June)

Choices

Choice (5)Response

a.

Invisibles

b.

Investment income

c.

Commercial borrowings

d.

Private transfer

e.

All of the above

Question 706

Appeared in Year: 2016 (NET)

Question

MCQ▾

The opportunity cost of a factor of production is

Choices

Choice (5)Response

a.

what has to be paid to retain it in its present use.

b.

what it is earning its present uses.

c.

what it can earn in total other uses.

d.

what it can earn in the long period.

e.

Question does not provide sufficient data or is vague

Question 707

Appeared in Year: 2016 (NET)

Question

MCQ▾

In a centrally planned economy, the factor of production

Choices

Choice (5)Response

a.

Are owned by the govt and the welfare of the people are left to the market process.

b.

Are owned by the govt and the welfare of the people is the prime concern.

c.

Are determined by the market process and the welfare of the people are determined by the Govt.

d.

Are owned by the people and the market process determines the welfare of the people.

e.

Question does not provide sufficient data or is vague

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