AP (Advanced Placement) Microeconomics: Questions 16 - 19 of 456

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Question 16

Appeared in Year: 2013

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

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Question 17

Appeared in Year: 2013

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

Edit

Question 18

Appeared in Year: 2014

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

Edit

Question 19

Appeared in Year: 2014

Question Match List-Ⅰ List-Ⅱ▾

Match the items given in List – I with those in List – II: (June)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Impossibility theorem

(i)

Kenneth Arrow

(B)

Optimum provision of local Public goods

(ii)

James Buchanan

(C)

Political of Decision Making Model

(iii)

Charles Tiebout

(D)

Theory of Clubs

(iv)

Anthony Downs

Choices

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

a.

  • (iii)
  • (ii)
  • (iv)
  • (i)

b.

  • (iv)
  • (ii)
  • (iii)
  • (i)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

e.

All of the above

Edit