#1
18th August 2014, 12:08 PM
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Previous year question papers of SET Economics in PDF format
Will you please share with me the previous year question papers of SET Economics in PDF format?
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#2
18th August 2014, 01:36 PM
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Re: Previous year question papers of SET Economics in PDF format
As you want to get the previous year question papers of SET Economics in PDF format so here it is for you: Some content of the file has been given here: 1. ‘Determining people’s preferences from observing their behaviour’ is the basis of : (A) Indifference theory (B) Marshallian theory (C) Composite demand theory (D) Revealed preference theory 2. Marshallian demand analysis : (I) Assumes constant marginal utility of money. (II) Predicts unit price elasticity of demand for commodity. (A) (I) is correct but not (II) (B) (II) is correct but not (I) (C) Both (I) and (II) are correct (D) Both (I) and (II) are wrong 3. If production function exhibits constant returns to scale the total cost curve would be : (A) Positively sloping linear (B) Negatively sloping linear (C) Positively sloping non-linear (D) Negatively sloping non-linear 4. (I) Marginal rate of technical substitution measures curvature of an isoquant. (II) Elasticity of factor substitution measures slope of an isoquant. (A) (I) is correct but not (II) (B) (II) is correct but not (I) (C) Both (I) and (II) are correct (D) Both (I) and (II) are wrong 5. Suppose monopolist faces two markets with different price elasticities of demand at each price. The marginal cost of production is zero. The discriminating monopolist in each market will charge prices where elasticity of demand is : (A) equal to 0 (B) equal to 1 (C) > 1 (D) < 1 6. Let long run marginal cost be denoted by LMC and long run average cost be denoted by LAC : (I) If (LMC/LAC) < 1, then there are economies of scale. (II) If (LMC/LAC) > 1, then there are diseconomies of scale. (A) (I) is correct but not (II) (B) (II) is correct but not (I) (C) Both (I) and (II) are correct (D) Both (I) and (II) are wrong 7. Which is not a correct prediction of Cournot model ? In equilibrium : (A) Industry profits are maximum (B) Profits of individual firms are maximum (C) The output is lower and price is higher than under perfect competition (D) The output is higher and price is lower than under monopoly 8. A utilitarian judges allocation by their effect on : (A) The worst off members of society (B) The rich members of society (C) Multiplication of individual utilities (D) Sum of individual utilities 9. Suppose Y = 1000, transfers (T) = 200 and the tax rate (t) = 0.20, the disposable income would be : (A) 1200 (B) 800 (C) 1000 (D) 1400 10. Suppose the economy is in equilibrium in liquidity trap. Government increases its exogeneous investment by Rs. 1,000. If the marginal propensity to consume is 0.8, equilibrium income would increase by : (A) 1000 (B) 500 (C) 800 (D) 200 For more detailed information I am uploading PDF files which are free to download: Previous year question papers of SET Economics in PDF format |
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