How was Economics MCQ P32?

[Bioshock]

hmm what about isoquant question

 

[fahadzaidi96]

hmm what about isoquant question

What was the question

 

[Bioshock]

It was something about point G not lying on the isoquant but resulting in same quantity of output and answer was i guess technical disecononies of scale.

 

[fahadzaidi96]

It was something about point G not lying on the isoquant but resulting in same quantity of output and answer was i guess technical disecononies of scale.

What were the other options ?

 

[fahadzaidi96]

Did it contain x inefficiency ... If yes then I opted for that question

 

[Bioshock]

yes ot did but i think X efficency is not correct

 

[fahadzaidi96]

I do not know .. Most students say it is x inefficiency

 

[mhalvi]

qs.1 was Oligopoly
Qs.2 was 4 option C
Qs.3 price of a decreased relative to B option A
Qs.4 more of y less of X
Qs.5 price= $1.2

 

[fahadzaidi96]

yes ot did but i think X efficency is not correct

Secondly what was the answer to quota question European nion imposes quota on textile good imported from china

 

[Bioshock]

wait maybe it might be corect

 

[fahadzaidi96]

Mhalvi you must be genius " you still remember the questions

 

[fahadzaidi96]

wait maybe it might be corect

What x inefficiency ?

 

[mhalvi]

Mhalvi you must be genius " you still remember the questions

haha no it is not like that at least not in Eco as I am a science student

 

[Bioshock]

well i guess sadly it is correct, it is concerned with efficency and since our isoquant was shifting outwards it implies higher costs less efficency meaning increase in X inefficency. check out wikipedia page

 

[fahadzaidi96]

haha no it is not like that at least not in Eco as I am a science student

well i guess sadly it is correct, it is concerned with efficency and since our isoquant was shifting outwards it implies higher costs less efficency meaning increase in X inefficency. check out wikipedia page

well i guess sadly it is correct, it is concerned with efficency and since our isoquant was shifting outwards it implies higher costs less efficency meaning increase in X inefficency. check out wikipedia page

Thanks though I got narrow money one wrong and the quota one too

 

[mhalvi]

well i guess sadly it is correct, it is concerned with efficency and since our isoquant was shifting outwards it implies higher costs less efficency meaning increase in X inefficency. check out wikipedia page

X inefficiency is the difference between the 2 which is not exactly what the qs demanded

 

[Bioshock]

but wait i am not certain may be i might be wrong the question is one of its kind

 

[Bioshock]

besides i guess x inefficency is not written in syllabus so naturally it would make economies of scale the reason which are mentioned in syllabus

 

[fahadzaidi96]

It should be x inefficiency

 

[fahadzaidi96]

It is in syllabus x inefficiency is the lowest curve