AP (Advanced Placement) Microeconomics: Questions 175 - 177 of 398

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Question 175

Appeared in Year: 2017 (NET)

Question

MCQ▾

The slope of the production possibility curve is the (January Paper-3)

Choices

Choice (5)Response

a.

Marginal rate of transformation

b.

Marginal rate of substitution

c.

Marginal rate of exchange

d.

Average rate of transformation

e.

All of the above

Question 176

Appeared in Year: 2017 (NET)

Question

MCQ▾

Under discriminating monopoly, if the elasticity of demand in market I is and in market II, it is , (elasticity is being in absolute terms) then the price behavior of the monopolist will be:

(January Paper-2)

Choices

Choice (5)Response

a.

In market I, charge double the price of that is charged in market II

b.

To charge a higher price in market II

c.

To charge the same price in both the markets

d.

To charge a higher price in market I

e.

Question does not provide sufficient data or is vague

Question 177

Appeared in Year: 2017 (NET)

Question

MCQ▾

As per IS-LM framework, an increase in government expenditure will result in:

(January Paper-3)

Choices

Choice (5)Response

a.

Decrease in investment and interest rate both.

b.

Decrease in income and interest rate both.

c.

Increase in income and interest rate both.

d.

Increase in income only.

e.

Question does not provide sufficient data or is vague

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