AP (Advanced Placement) Macroeconomics: Questions 200 - 204 of 750

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Question 200

Appeared in Year: 2015 (NET)

Question

MCQ▾

A discriminating monopolist will charge a lower price in the market in which the price elasticity of: (June)

Choices

Choice (5)Response

a.

Supply is smaller

b.

Demand is greater

c.

Supply is greater

d.

Demand is smaller

e.

Question does not provide sufficient data or is vague

Question 201

Appeared in Year: 2015 (NET)

Question

MCQ▾

Value of the Marginal Product is: (December)

Choices

Choice (5)Response

a.

b.

c.

d.

e.

All of the above

Question 202

Appeared in Year: 2015 (NET)

Question

MCQ▾

For Keynesian demand for money, which of the following is correct?

People wish to hold money in the form of: (December)

Choices

Choice (5)Response

a.

Neither cash and bonds

b.

Bonds

c.

Cash

d.

Cash and bonds

e.

None of the above

Question 203

Appeared in Year: 2016 (NET)

Question

MCQ▾

A firm will be of optimum size when (Paper III)

Choices

Choice (5)Response

a.

Marginal cost is at a minimum.

b.

Average cost is at a minimum.

c.

The firm maximises its output.

d.

Marginal cost is equal to marginal revenue.

e.

None of the above

Question 204

Appeared in Year: 2015 (NET)

Question

MCQ▾

In imperfect factor and product markets, labour exploitation is represented by:

  1. When ARP is > Average wage.
  2. When ARP is > Marginal wage
  3. When ARP is < MRP
  4. When ARP is < Marginal wage

Select the correct answer from the codes given below: (December)

Choices

Choice (5)Response

a.

(4) , (3)

b.

(1) , (4)

c.

(1) , (3)

d.

(1) , (2)

e.

All of the above

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