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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:
Note: This Book is a PDF File and so is available online only. Once your Payment is made, you will receive an automatic download link into your email address. Just click on "Add to Cart" and follow the instructions that follow to purchase this booklet.
Mastering English For Form 1, is a new English Practical Textbook inline with the new Competency Based Approach Syllabus of the Ministry of Secondary Education in Cameroon.
PRESSBOOK SECONDARY MATHEMATICS | LEVEL FORM 3 is a Practical Textbook inline with the new Competency Based Approach Syllabus of the Ministry of Secondary Education in Cameroon.
History | ENS FIRST BAMBILI FIRST CYCLE COMPETITIVE ENTRANCE QUESTIONS AND ANSWERS
DURATION: 4 HOURS
INSTRUCTIONS: Answer all questions! Select the correct answer to each of the questions in Section One, Two and Three, and write the corresponding letter (A, B, C or D) in the Answer Booklet provided. Section Four comprises two structured essay. Make sure that you insert the question paper inside the Answer Booklet before you lea s the examination hall!
NUMBER OF PAGES: 73
Note: This Book is a PDF File and so is available online only. Once your Payment is made, you will receive an automatic download link into your email address.
OR Click on "Add to Cart" below to purchase right here.
Understanding Chemistry is a textbook for Ordinary Level GCE. Its aim to present the syllabus material in a way that is clear ,logicial and visually interesting.
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Building and maintaining a successful team is no simpletask. Even people who have taken their teams to the highest level in theirfield have difficulty recreating what accounted for their successes. Is it astrong work ethic? Is it "chemistry"? What tools can you wrap your hands aroundto build-or rebuild-your team?
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