Eco401 economics midterm solved papers

A graphical representation of the law of demand. The monopolist is not maximizing profit and should increase output. The demand curve is tangent to marginal cost curve.

eco401 midterm solved mcqs papers by moaaz

Question No: 30 Marks: 1 - Please choose one Third-degree price discrimination involves: Charging each consumer the same two part tariff. Question No: 32 Marks: 1 - Please choose one Which of the following would most likely shift the production possibilities curve for a nation outward?

Eco401 final term solved papers 2017

Although there is only a single seller at the current price, it is impossible to know how many sellers would be in the market at higher prices. Monopolists do not pay sufficient attention to increasing efficiency. Charging lower prices the greater the quantity purchased. Question No: 35 Marks: 1 - Please choose one The total utility curve for a risk neutral person will be: Straight line. A symbolic representation of the law of demand: P,Q and Q, P. Charges the average reservation price. The monopolist is maximizing profit. Engages in first-degree price discrimination. Engages in second-degree price discrimination. Higher price reduces the real incomes of buyers. Question No: 32 Marks: 1 - Please choose one Which of the following would most likely shift the production possibilities curve for a nation outward? Engages in first-degree price discrimination.

The demand curve is tangent to average cost curve. Question No: 26 Marks: 1 - Please choose one The monopolist has no supply curve because: www.

eco401 midterm solved papers 2018

Although there is only a single seller at the current price, it is impossible to know how many sellers would be in the market at higher prices. Higher price shifts the demand curve to the left.

Eco401 midterm solved past papers pdf

The demand curve is tangent to average cost curve. A reduction in unemployment. A graphical representation of the law of demand. The marginal cost curve is tangent to average cost curve. Lower price shifts the demand curve to the right. The demand curve is tangent to marginal cost curve. The monopolist's marginal cost curve changes considerably over time. The monopolist is earning a positive profit.

Higher price reduces the real incomes of buyers. Charging lower prices the greater the quantity purchased. Charging different prices to different groups based upon differences in elasticity of demand. Engages in second-degree price discrimination.

Eco401 midterm solved papers 2017

The monopolist is earning a positive profit. A systematic listing of all the variables that might conceivably bring about a change in demand. Higher price reduces the real incomes of buyers. Charging different prices to different groups based upon differences in elasticity of demand. The monopolist is not maximizing profit and should decrease output. An increase in the production of consumer goods. Higher price reduces the real incomes of buyers. An increase in the production of consumer goods. Higher price shifts the demand curve to the left. The use of increasing block rate pricing. Question No: 26 Marks: 1 - Please choose one The monopolist has no supply curve because: www. An increase in the production of capital goods. Question No: 32 Marks: 1 - Please choose one Which of the following would most likely shift the production possibilities curve for a nation outward? Question No: 26 Marks: 1 - Please choose one The monopolist has no supply curve because: www.
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ECO (Economics): Final Term Past Papers