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PPSC Economics Topic 2 Micro Economics
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Total Questions20
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Time Allowed20
PPSC Economics Topic 2 Micro Economics
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Question # 1
"The quantity demanded increases as its price increases and falls as its price falls" is called given goods, is presented by.
Question # 2
If average variable cos tis less then marginal cost then certainly.
Question # 3
The elasticity of demand for cigarettes by a non smoker is.
Question # 4
If the price of an apple increased from 50 to 60 the quantity demanded will decrease because of.
Question # 5
A firm that is a price taker faces a perfectly
Question # 6
In order to practice price discrimination which of the following is needed.
Question # 7
The marginal rate of substitution for two goods can be obtained from
Question # 8
Labour has the following characteristics accept one.
Question # 9
A monolithically competitive market is characterized by all of the following except.
Question # 10
The short term interest rates on bonds over the next 5 years is 6% , 7%, 9% ,10% and 8% according to the expectations Hypothesis, the interest rates on bonds with 5 years to maturity will be.
Question # 11
If the price of both goods increase by the same percent , the budget line will.
Question # 12
If the government lower taxes by $10 billion, the Real GDP will rise by
Question # 13
When there is a surplus in a market
Question # 14
What is the per unit marginal cost of increasing production from 20 to 25 units.
Question # 15
The arc income elasticity of demand is approximately
Question # 16
When economists say that a per son is economizing they mean that the person is.
Question # 17
The firms average variable cost of the 150th unit is.
Question # 18
A monopolist will maximize profit.
Question # 19
If a tax of Rs. 6 per units is imposed upon the suppliers, then.
Question # 20
The fundamental reason people must choose which goods to buy and consume is because of.
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