Some MCQs

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RS
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Some MCQs

RS
I've some ques. Please answer with logic/reason/solution.

1. The number of students at a university increases from 2500 to 5000 in 10years. Based on geometric mean, the University grew at an average percentage rate of.
A. 2500 students per year
B. 1.071 % per yr
C.  7.1% per yr
D. 10% per yr

2. For what kind of preferences will a consumer be equally well off facing either quantity tax or an income tax?
A. U=x+y
B.  U=min(x,y)
C.  U=x^1/2y^1/2
D.  None of above

3. In an economy, the value of high powered money is 200 units and the money multiplier Is 5. If the demand for money Is M=1200-50i then what would be the equilibrium rate of interest?
A. 2.5
B. 4
C. 4.5
D. 6
 
4. Given percentage change in nominal GNP=1.8, percentage change in population = 0.5, percentage change in price level = 1.3, what is the approximate change in real per capita GNP?
A.  ZERO
B.  0.5
C. 1.0
D. 1.3

5. A monopolist faces a demand curve Q=20/p, the MR curve is given by
A. MR(p) = - 10/p^2
B. MR(Q) = - 10/Q^2
C.  Q=0
D. p=0
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Re: Some MCQs

tanudas
Is it d for the fourth one ?
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Re: Some MCQs

hoouin
In reply to this post by RS
for second answer is B)
since it is utility curve for perfect complement we can show it by slutsky eqn .by taking price tax as dx/dp and income tax as dx/dI (income effect) and substitution effect is 0 in perfect complement case.

for 5th answer is D) but i m not sure
what i have done is TR =20 (area under  this  rectangular hyperbola is constant) hence MR=0 (constant ).
in perfect competition we do P=MR hence P=0 . guys correct me if i m wrong