AP (Advanced Placement) Microeconomics: Questions 15 - 18 of 398

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Question 15

Appeared in Year: 2014 (NET)

Question

MCQ▾

Predatory pricing policy is designed to (June)

Choices

Choice (5)Response

a.

Attain least cost output

b.

Maximize profits

c.

Drive competitors out of business

d.

Encourage entrants into the market

e.

None of the above

Question 16

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which one of the following is not an assumption of linear programming? (Dec)

Choices

Choice (5)Response

a.

Constant output prices

b.

Technologically fixed factor Proportion

c.

Increasing returns to scale

d.

Constant input prices

e.

All of the above

Question 17

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List-I with List-II: (Dec)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Offer Curves

(i)

Reciprocal demand

(B)

Lorenz Curve

(ii)

Inequalities

(C)

Kinked Demand Curve

(iii)

Sticky Price

(D)

Laffer Curves

(iv)

Public Revenue

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (ii)
  • (iii)
  • (iv)

b.

  • (i)
  • (iii)
  • (iv)
  • (ii)

c.

  • (iv)
  • (i)
  • (iii)
  • (ii)

d.

  • (ii)
  • (iii)
  • (i)
  • (iv)

e.

All of the above

Question 18

Appeared in Year: 2014 (NET)

Question

MCQ▾

In an economy of two individuals A and B and two commodities X and Y, general equilibrium of production and exchange occurs when (June)

Choices

Choice (5)Response

a.

MRT

b.

MRS XY for A and

c.

MRT XY = MRS A, XY = MRS B, XY

d.

MRS A, XY = MRS B, XY

e.

Question does not provide sufficient data or is vague

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