AP (Advanced Placement) Microeconomics: Questions 186 - 190 of 398

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Question 186

Question

MCQ▾

The propensity to consume of an individual with respect to his disposable income and wealth depends on his age. The statement refers to the:

Choices

Choice (5)Response

a.

Relative income hypothesis

b.

Absolute income hypothesis

c.

Life cycle hypothesis

d.

Permanent income hypothesis

e.

Question does not provide sufficient data or is vague

Question 187

Question

MCQ▾

If the paasche՚s is 196 and Fishers ‘index is 210, what is the value of the Laspeyre’ index?

Choices

Choice (5)Response

a.

220

b.

215

c.

230

d.

225

e.

All of the above

Question 188

Question

MCQ▾

In the oligopoly, pure oligopoly is based on which type of goods.

Choices

Choice (5)Response

a.

Differentiated

b.

Unrelated

c.

Homogenous

d.

None of the above

e.

All of the above

Question 189

Question

MCQ▾

The discrepancy between the values of marginal product and marginal revenue product of a factor of production cannot arise if?

Choices

Choice (5)Response

a.

AC = MC

b.

TC = TR

c.

AR = MR

d.

AC = AR

e.

Question does not provide sufficient data or is vague

Question 190

Question

MCQ▾

In the case of third degree price discrimination, which of the following is correct?

(i) Monopolist would charge higher in market where demand is more elastic.

(ii) Monopolist would charge higher in market where demand is less elastic.

(iii) Monopolist would charge lower in market where demand is more elastic.

(iv) Monopolist would charge lower in market where demand is less elastic.

Choices

Choice (5)Response

a.

Only (ii) (iii)

b.

Only (ii)

c.

Only (i) (ii)

d.

Only (i) (iv)

e.

All of the above

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