ECO 404 Past Papers, MCQ,s

4:- In which of the following games, players decide about their strategy choices at the same
time?
Select correct option:
Repeated games
Non-repeated games
Simultaneous games
Sequential games
5:-Public utilities are an example of:
Select correct option:
Perfect competition
Natural monopoly
Monopolistic competition
Oligopoly
6:- Question # 11 of 20 ( Start time: 06:11:25 PM ) Total Marks: 1
Y = 3.35 + 2.63X shows slop in this regression equation.
Select correct option:

2.63
3.35

4.5
2.5
7:- GNP=C+I+G equation is
Definitional Equation
Behavior equation
8:- Cigarettes are an example of which type of market structure?
Select correct option:
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
9:- Which of the following is TRUE for the law of supply'? :
Select correct option:
There is inverse relationship between the price of a good and quantity demanded of that good
There is positive relationship between the price of a good and quantity demanded of that good
There is positive relationship between the price of a good and quantity supplied of that good
10:-There is inverse relationship between income and quantity supplied of a good
Decreasing part of marginal product of labor curve shows which of the following law?
Select correct option:
Law of diminishing returns
Law of diminishing marginal utility
Law of demand
Law of supply
Y=a +b1X1 +b2X2. This equation is an example of:
Multiple regression model shez correct
Which of the following is an example of a deterministic relation?
Profit relation shez correct
wo products are said to be compliments if cross price elasticity of demand between these two
products is:
Zero shez correct


Out of pocket costs of firm are known as:
Explicit costs shez correct
St = S0 + bt is an example of:
Linear trend analysis shez correct


Multiple equation econometric models consist of:
Select correct option:
Equalities only
Identities only
Behavioral equations only
Both Identities and behavioral equations
Question # 2 of 10
Profit is maximized where:
Select correct option:
Marginal revenue = Marginal cost

Marginal revenue = Average cost
Marginal cost = Average revenue
Average revenue = Average cost



Question # 3 of 10 ( Start time: 02:42:05 PM ) Total Marks: 1
If a firm takes opinion of different individuals for the purpose of forecasting, this is known as:
Select correct option:
Personal insight approach to forecasting
Panel consensus approach to forecasting
Delphi approach to forecasting
Time series analysis

Question # 4 of 10 ( Start time: 02:43:17 PM ) Total Marks: 1
Fluctuations should be random. It is the requirement of which of the following technique(s)?
Select correct option:
Moving average technique only
Exponential smoothing technique only
Both moving average and exponential techniques
Barometric technique

Question # 5 of 10 ( Start time: 02:44:32 PM ) Total Marks: 1
Non-price determinant of supply includes:
Select correct option:
Prices of other goods or services
Input prices
Weather conditions
All of the given options


Question # 6 of 10 ( Start time: 02:45:31 PM ) Total Marks: 1
If the percentage change in profit is Rs. 400 and percentage change in sales is Rs. 100 then what
will be the degree of operating leverage?
Select correct option:
1
2
3
4
Question # 7 of 10 ( Start time: 02:46:43 PM ) Total Marks: 1
Given the Cobb Douglas production function: Q = ALaKb There will be decreasing returns to
scale if:
Select correct option:
a + b > 1
a + b < 1
a + b = 1
a + b = 0
Question # 8 of 10 ( Start time: 02:47:37 PM ) Total Marks: 1
Y = a + bX + e "b" shows ----------------- in this regression equation.
Select correct option:
Intercept
Slope
Elasticity
Power
Question # 9 of 10 ( Start time: 02:49:01 PM ) Total Marks: 1
Given the marginal cost function, MC = 5Q2 – 10Q + 50, what is dMC/dQ?
Select correct option:
5Q + 50
10Q - 10
10Q + 50
5Q – 10Q
Question # 10 of 10 ( Start time: 02:49:44 PM ) Total Marks: 1
In which of the following cases, cost elasticity will be more than one?
Select correct option:
When percentage change in cost is less than the percentage change in output
When percentage change in cost is greater than the percentage change in output
When percentage change in cost is equal to the percentage change in output
When percentage change in cost is less than the percentage change in input