Question Description
these are 10 mcq’s i want them to be answered in 1hr max coz its due in 1hr.i am attaching the pics of the mcq’s
7:12
k
Online Final Assessment
С
The slope of the Average Revenue Function.
The rate of change of the Price-Consumption
Curve.
d
Question 4 (1 point)
Involuntary unemployment refers to a situation where:
a
b
There is unemployment in spite of the willingness
to work at the given real wage rate.
There is structural unemployment.
There is frictional unemployment.
There is a shortfall in aggregate supply.
C
d
Question 5 (1 point)
The CPI is based on a standard:
a
b
Basket of consumption goods.
Bundle of producers’ goods.
Undefined pattern of consumption.
Volatile pattern of consumption.
С
d
Question 6 (1 point)
If there are many firms and their products are homoegenous,
then no single firm will have much control over the price and it
→QX
7:12
4 k
Online Final Assessment
Question 6 (1 point)
If there are many firms and their products are homoegenous,
then no single firm will have much control over the price and it
will be easy for new firms to join the industry. Economist call
this type of market:
a
Monopoly
b
Perfect Competition
с
Oligopoly
d
None of the above
Question 7 (1 point)
A perfectly inelastic demand curve has a slope that:
a
Is a value less than 1.
b
Is a value lying between 0 and 1.
Is equal to 0.
с
d
Tends to infinity.
Question 8 (1 point)
In national income accounting, retained earnings refer to:
a
The portion of corporate profits kept aside for
investment.
The dividends paid to shareholders.
Net factor incomes earned abroad.
b
E →QX
7:12
k
Online Final Assessment
Question 1 (1 point)
The Long-run Average Cost function is derived as an envelope
of :
a
b
Long-run Average Product functions.
Short-run Average Cost functions
Long-run Marginal Cost functions.
Long-run Marginal Product functions.
С
d
Question 2 (1 point)
The GDP deflator is used to compute:
а
Real GDP
b
Nominal GDP
С
The purchasing power of a unit of currency.
d
The real rate of interest.
Question 3 (1 point)
The Marginal Revenue function is :
a
b
The second derivative of the Total Revenue
Function.
The first derivative of the Total Revenue function.
The slope of the Average Revenue Function.
The rate of change of the Price Consumption
Curve.
с
d
E →QX
7:12
<
Online Final Assessment
Question 8 (1 point)
In national income accounting, retained earnings refer to:
a
The portion of corporate profits kept aside for
investment.
The dividends paid to shareholders.
Net factor incomes earned abroad.
b
С
d
Net value of inventories.
Question 9 (1 point)
The kinked demand curve model of oligopoly illustrates :
a
Price rigidity
Price flexibility
b
С
Constancy of Total Revenue
Constancy of Marginal Revenue
d
Question 10 (1 point)
The excess-capacity theorem is applicable to:
a
b
Long-run equilibrium in monopolistic competition.
Short-run equilibrium in monopolistic
competition.
Long-run equilibrium in monopoly.
Short-run equilibrium in Cournot duopoly.
С
d
+ →QX
Purchase answer to see full
attachment
