AP (Advanced Placement) Microeconomics: Questions 145 - 147 of 398

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Question 145

Appeared in Year: 2017 (NET)

Question

MCQ▾

Movement from an inefficient allocation to an efficient allocation in the Edgeworth Box will: (November Paper-III)

Choices

Choice (5)Response

a.

Increase the utility of at least one individual, but may decrease the level of utility of another person

b.

Increase the utility of all individuals

c.

Increase the utility of one individual, but cannot decrease the utility of any individual

d.

Decrease the utility of all individuals

e.

Question does not provide sufficient data or is vague

Question 146

Appeared in Year: 2017 (NET)

Question

MCQ▾

Arrange the following acts in the order in which they came into force: (November Paper-III)

(a) Competition Act

(b) Foreign Exchange Management Act

(c) Consumer Protection Act

(d) The Factories Act

Choose the answer from the code below:

Choices

Choice (5)Response

a.

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

b.

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

c.

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

d.

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

e.

None of the above

Question 147

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which amongst the following statements is correct? (November Paper II)

Choices

Choice (5)Response

a.

The minimum point of AVC and MC are at the same level of output

b.

Minimum of AVC is at larger output than the minimum of MC

c.

Minimum of AVC is at lesser output than the minimum of MC

d.

Any of the above is possible depending upon operating of the law of returns

e.

Question does not provide sufficient data or is vague

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