AP (Advanced Placement) Microeconomics: Questions 136 - 138 of 398

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Question 136

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which of the following features belong to Cournots՚ model of duopoly? (November Paper-III)

(a) It yields determinate and stable equilibrium for the duopolists

(b) It is an adequate representation of Nash equilibrium

(c) If the duopolists combine to form a monopoly, the price changed by them will be less than the equilibrium price without their combining together.

Of the above which statements are true? Choose from the code below:

Choices

Choice (5)Response

a.

(a) and (b) are correct

b.

(b) and (c) are correct

c.

(a) and (c) are correct

d.

None of the above

e.

All of the above

Question 137

Appeared in Year: 2017 (NET)

Question

MCQ▾

Rank the following states in descending order according to sex ratio as per census 2011: (November Paper-III)

  1. Madhya Pradesh
  2. Punjab
  3. U. P
  4. Bihar

Choices

Choice (5)Response

a.

(b) , (a) , (c) , (d)

b.

(a) , (b) , (c) , (d)

c.

(a) , (d) , (c) , (b)

d.

(c) , (d) , (b) , (a)

e.

All of the above

Question 138

Appeared in Year: 2017 (NET)

Question

MCQ▾

‘Bandwagon Effect’ is found in which of the following? (November Paper-III)

Choices

Choice (5)Response

a.

Absolute income hypothesis

b.

Relative income hypothesis

c.

Permanent income hypothesis

d.

Life cycle hypothesis

e.

Question does not provide sufficient data or is vague

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