Micro-Economic Analysis (NTA-NET (Based on NTA-UGC) Economics (Paper-II)): Questions 1 - 5 of 188

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Question number: 1

» Micro-Economic Analysis » Theory of Pricing » Monopoly, Monopolistic Competition, Duopoly and Oligopoly

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Appeared in Year: 2014

Assertion-Reason▾

Question

Assertion (Ꭺ)

The concept of supply curve is meaningless for the monopolist. (June)

Reason (Ꭱ)

Monopolists are price setters; it does not make any use to ask what output they would produce at various prices.

Choices

Choice (4) Response

a.

Ꭺ is true but Ꭱ is false

b.

Both Ꭺ and Ꭱ are false

c.

Ꭺ is false but Ꭱ is true

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question number: 2

» Micro-Economic Analysis » Theory of Pricing » Monopoly, Monopolistic Competition, Duopoly and Oligopoly

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Appeared in Year: 2014

MCQ▾

Question

The practice of charging each consumer the reservation price is called (June)

Choices

Choice (4) Response

a.

Third degree price discrimination

b.

Peak load pricing

c.

Inter-temporal price discrimination

d.

First degree price discrimination

Question number: 3

» Micro-Economic Analysis » Pricing and Output under Market Structure

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Appeared in Year: 2017

MCQ▾

Question

A forward shifted tax will affect

Choices

Choice (4) Response

a.

Buyers more than sellers

b.

Sellers more than buyers

c.

Government revenues negatively

d.

Buyers and sellers equally

Question number: 4

» Micro-Economic Analysis » Theory of Production and Costs

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Appeared in Year: 2013

MCQ▾

Question

The cost incurred by the firm in hiring labour is called as (Dec)

Choices

Choice (4) Response

a.

Marginal Cost

b.

Implicit Cost

c.

Total Cost

d.

Explicit Cost

Question number: 5

» Micro-Economic Analysis » Theory of Production and Costs

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Appeared in Year: 2017

MCQ▾

Question

Consider the following statements regarding the expansion path of the firm:

I - It shows the least cost combination of producing different levels of output

II- The input prices remain constant

Of the above which statement is/are true?

Answer from the codes given below:

Choices

Choice (4) Response

a.

Only II is true

b.

Only I is true

c.

I and II are true

d.

Neither I nor II is true

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