AP (Advanced Placement) Microeconomics: Questions 136 - 138 of 456
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Question 136
Appeared in Year: 2017
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
Question MCQ▾
Rank the following states in descending order according to sex ratio as per census 2011: (November Paper-III)
- Madhya Pradesh
- Punjab
- U. P
- 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
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 |