AP (Advanced Placement) Microeconomics: Questions 84 - 87 of 398

Access detailed explanations (illustrated with images and videos) to 398 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 250.00 -OR-

How to register? Already Subscribed?

Question 84

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 85

Appeared in Year: 2016 (NET)

Question

MCQ▾

The coase theorem suggests that private negotiation will lead to the correction of market failure when

(i) Only a few people are involved.

(ii) Property rights are clearly recognised.

(iii) Negotiation costs are low.

(iv) People are having asymmetric information.

Select the correct answer from the codes given below: (Paper III)

Choices

Choice (5)Response

a.

(i) and (iv) must hold true.

b.

(i) , (ii) and (iv) must hold true.

c.

(i) , (ii) and (iii) must hold true.

d.

(iv) and (iii) must hold true.

e.

Question does not provide sufficient data or is vague

Question 86

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 87

Appeared in Year: 2016 (NET)

Question

MCQ▾

Voting fails to generate the efficient quantity of a public good because (Paper II)

Choices

Choice (5)Response

a.

Voting does not accurately reflect the magnitude of benefits from public goods.

b.

Lobbying groups use bribes to change people՚s votes.

c.

Public goods cannot be withheld from consumption.

d.

Public goods are not depleted by consumption.

e.

None of the above

Developed by: