PPSC Economics Chapter 2 Micro Economics

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  • Chapter NameMicro Economics

PPSC Economics Chapter 2 Micro Economics

  • Total Questions20

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PPSC Economics Chapter 2 Micro Economics

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Question # 1

In perfect competition, a seller by increasing price.

Question # 2

A drop in the price of compact disc shifts the demand curve for prerecord tapes leftward from that you know that compact discs and precorded tapes are.

Question # 3

Naveed purchases product M for which his income elasticity of demand is negative Apparently product M is.

Question # 4

Which of the following explains why demand curves slope downward.

Question # 5

The method most commonly used to test the overall significance of a regression is.

Question # 6

The firm under monopolistic competition is likely to produce less and set a higher price than under perfect competition because.

Question # 7

When Daimler Benz maker of the Mercedes bought Chrysler the merger was

Question # 8

Economic growth is shown on the production possibility frontier as.

Question # 9

Which of the following is correct with respect to the Paasche index.

Question # 10

The downward kinked demand curve facing the individual oligopolistic implies that

Question # 11

Extension and contraction of demand mean

Question # 12

Skills that can be transferred to other employers are called.

Question # 13

"Principles of economics" is the book of

Question # 14

In the long run a profit maximizing firm will choose to exit a market when

Question # 15

The key feature of oligopoly is.

Question # 16

Which skills are most likely to be paid for by the employer.

Question # 17

If both supply and demand for a good increase at the same time which of the following must also increase

Question # 18

In order to constitute an oligopolistic market structure.

Question # 19

The competitive firm maximizes its profit by operating where

Question # 20

Company A estimates the price elasticity of demand for its products.3.0 The price of the product is Rs. 15. If MC = 2+40, the profit maximizing level of output.

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