Re: ::: vuaskari.com ::: ECO401_Papers solving thread

which option is correct in these two mcqs

 

Question No: 17    ( Marks: 1 )    - Please choose one

Which of the following is true about supply curve under monopoly?

       ► It is same as the competitive market supply curve.

       ► It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs.

       ► It is the result of market power and production costs.

       ► None of the given statements is true.

   

Question No: 19    ( Marks: 1 )    - Please choose one

 Which of the following will happen if the cost of computer components falls?

       ► The demand curve for computers shifts to the right.

       ► The demand curve for computers shifts to the left.

       ► The supply curve for computers shifts to the right.

       ► The supply curve for computers shifts to the left.

On Sat, Nov 5, 2011 at 11:28 PM, Admin Binish <greyferry@gmail.com> wrote:

    

       ► It shifts outward.

,,,

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