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INSTRUCTIONS: write the question number and ONLY the letter that corresponds to the correct answer OR either TRUE or FALSE where applicable
1.Large minimum efficient scale of plant combined with limited market demand may led to:
A. natural monopoly. B. patent monopoly.
C. government franchise monopoly. D. shared monopoly.
2.The non-discriminating pure monopolist’s demand curve:
A. is the industry demand curve.
B. shows a direct or positive relationship between price and quantity demanded.
C. tends to be inelastic at high prices and elastic at low prices.
D. is identical to its marginal revenue curve.
3. Because of the free-rider problem:
A. the market demand for a public good is overstated.
B. the market demand for a public good is nonexistent or unstated.
C. government has increasingly yielded to the private sector in producing public goods.
D. public goods often create moral hazard and adverse selection problems.
4. In the short run a purely competitive firm will always make an economic profit if:
A. P = ATC.B. P > AVC. C. P = MCD. P > ATC
5. A firm finds that at its MR = MC output, its TC = 1,000, TVC = 800, TFC = 200, and total revenue is 900. This firm should:
A. shut down in the short run.
B. produce because the resulting loss is less than its TFC.
C. produce because it will realize an economic profit.
D. liquidate its assets and go out of business.
6. If MUa/Pa = 100/$35 = MUb/Pb = 300/? = MUc/Pc = 400/?, the prices of products b and c in consumer equilibrium:
A. cannot be determined from the information given.
B. are $105 and $140 respectively.
C. are $105 and $175 respectively.
D. are $100 and $200 respectively.
7. If real GDP in a particular year is 80 billion and nominal GDP is 240 billion, the GDP price index for that year is:
A. 100. B. 200C. 240D. 300
8. The size of the MPC is assumed to be:
A. Less than zero. B. greater than one.
C. greater than zero, but less than oneD. two or more
9. If the equation for the consumption schedule is C = 20 + 0.8Y, where C is consumption and Y is disposable income, then the average propensity to consume is 1 when disposable income is:
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A LA CONQUÊTE DE L'INFORMATIQUE | NIVEAU 1ÈRE A ET SES est un livre au programme de l’année académique homologué par le ministère de l’enseignement secondaire camerounais
COLTECH ENTRANCE EXAMINATION FOR THE 2015 ACADEMIC YEAR
Details:
Section 1 : Mathematics
Section 2 : Economics
Section 3: Biology
Section 4: Chemistry
Section 5: Mathematics
Section 6: Physics
Economics II
General Knowledge
Answers to All Questions
Number of Pages: 70
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NEW ORDINARY LEVEL COMMERCE FOR CAMEROON | LEVEL FORM is a Practical Textbook inline with the new Competency Based Approach Syllabus of the Ministry of Secondary Education in Cameroon.
L’Arbre Fétiche est un livre au programme de l’année académique homologué par le ministère de l’enseignement secondaire camerounais de Jean PLIYA par l’éditeur CLE
COMPLETE PHYSICAL GEOGRAPHY AND CONTEMPORARY ENVIRONMENTAL ISSUES FOR ADVANCED LEARNERS | LOWER AND UPPER SIX is a practical textbook approved by the Ministry of Secondary Education for the New Competency Based Approach Teaching in Cameroon Secondary Schools
LE RÉSEAU DU FRANÇAIS | LEVEL FORM 3 is a Practical Textbook inline with the new Competency Based Approach Syllabus of the Ministry of Secondary Education in Cameroon.
STAY TUNED | NIVEAU TLE A ET SESTLE C ET ETLE D ET TI est un livre au programme de l’année académique homologué par le ministère de l’enseignement secondaire camerounais
Mastering English | Lower & Upper Sixth is a practical textbook approved by the Ministry of Secondary Education for the New Competency Based Approach Teaching in Cameroon Secondary Schools
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Conforme au programme officiel, l’ouvrage « L’excellence en Physique Terminale C, D, E, TI » a pour priorité de transmettre aux futurs universitaires une culture scientifique approfondie tout en captivant leur intérêt par une structuration simple et concise dont le souci est d’amener les apprenants à prendre conscience de l’importance de la Physique dans les domaines scientifiques, culturels et économiques de leur environnement.
L'EXCELLENCE EN PHYSIQUE | NIVEAU TLE C,D,E ET TI est un livre au programme de l’année académique homologué par le ministère de l’enseignement secondaire camerounais
ESSENTIAL HISTORY FOR JUNIOR SECONDARY SCHOOLS is a Practical Textbook inline with the new Competency Based Approach Syllabus of the Ministry of Secondary Education in Cameroon.
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy, financial independence and building wealth through investing in assets
Originally published: 1997
Authors: Robert Kiyosaki, Sharon Lechter
Page count: 207
Genre: Self-help book
Mass Market Paperback: 336 pages
Publisher: Plata Publishing; Second edition (April 11, 2017)
English
Francais
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