Micro-Economic Analysis-Pricing and Output under Market Structure (NTA-NET (Based on NTA-UGC) Economics (Paper-II)): Questions 1 - 5 of 22

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Question number: 1

» 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: 2

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

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Appeared in Year: 2014

MCQ▾

Question

An industry whose long run supply curve is horizontal is called (June)

Choices

Choice (4) Response

a.

Constant cost industry

b.

Decreasing Cost Industry

c.

Increasing Cost Industry

d.

Efficient Industry

Question number: 3

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

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Appeared in Year: 2013

MCQ▾

Question

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

Choices

Choice (4) Response

a.

Constant output prices

b.

Technologically fixed factor Proportion

c.

Increasing returns to scale

d.

Constant input prices

Question number: 4

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

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Appeared in Year: 2013

MCQ▾

Question

If the monopolist incurs loss in the short run, then in the long run

i. He will go out of business

ii. He will stay in business

iii. He will break even

iv. Any of the above is possible (December)

Choices

Choice (4) Response

a.

i only

b.

i and iii

c.

i and ii

d.

ii only

Question number: 5

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

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Appeared in Year: 2013

Assertion-Reason▾

Question

Assertion (Ꭺ)

Compared to the individual supply curve, the aggregate supply curve is more elastic. (December)

Reason (Ꭱ)

There is the possibility of moving between being out of the labor force and being in the labor force.

Choices

Choice (4) Response

a.

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

b.

Ꭺ is true but Ꭱ is false

c.

Ꭺ is false but Ꭱ is true

d.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

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