Practice Research Questions and Answers

• Production function of two companies producing floppy and discs was given. Q1 = 10L^0.5 K^0.5 Q2 = 10L^0.6K^0.4 Which of the following is correct if both...
• Elistan can produce either 5 monster trucks or 10 cans of silly string in a day. What is the opportunity cost of one can of silly string?
• Find the value of Lerner index if P=10 and MR= 5
• Find MR when ed=0.5 and P=10
• The 2nd phase (diminishing returns to a factor) is exhibited by the following total product sequence:
• Commodity X and Y have an equal price elasticity of supply. The supply of X rises from 400 units to 500 units due to a 20 percent rise in its price. Calcul...
• Demand function for two commodities was given as below. Which of the following options are correct? Q1= A1(Px1)-0.5 (Px2)0.2 Q2 = A2(Px2)-0.5 (Px1)0.6 ...
• Find Saddle point from the payoff matrix: ...
• Using the following table. Find the profit-maximizing output when price is Rs 25:   ...
• If following is a payoff (profit) matrix for Firm  A and B. What should be strategy for Firm A. first number is for Firm A and second is for Firm B.   ...
• A perfectly competitive firm was given, P = 60 and TC = Q2 + 8Q + 10. Now price decreases to 54, what is the change in profit?
• Demand and supply equations were given as Qd = 300 - P, Qs = P/2 and govt imposes specific tax you had to find quantity at which tax revenue is maximized?
• It is given that Qd = 300 - P, Qs = Q/2. Government imposes specific tax in such a way that it maximizes the total tax revenue. Then find out the DWL in su...
• What is the basis of international trade in the Heckscher-Ohlin model?
• There is a situation in which there is an extreme fall of demand for loans. What should be done by banks in such a situation?
• What is the terms of trade formula?
• Which growth model inspired the use of the capital-output ratio for development planning?
• A spot purchase of a currency coupled with simultaneous forward sale of the same currency is called:
• In a flexible exchange rate system, if domestic interest rate increases, then which of the following is true:
• A society in which there was garbage collection problem. But there was voluntary problem of payment so some people would participate and some wouldn’t pa...
• Vaccination dose by some individuals benefits the individuals around them by reducing the pace with which the disease spreads. This is an example of which ...
•   If investment is not responding to change in interest rate, then which of the following is true?
• What is the effect of expansionary fiscal policy on output and unemployment?
• T he Golden Rule of Capital in the Solow Growth Model is that level of steady-state capital per worker where,               I.        ...
•   In the Lewis model, what does the term “surplus labor” refer to?
• The long-run Phillips Curve is ____________ Which indicates
• I f Rs. 10 crores are invested in public works and MPS is 0.25, then the increase in income would be
• New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
• Real Wages = 500, Consumer price index = 1.2. Calculate nominal wages?
• COR = 5:1, Savings rate = 12.5%, Population growth rate = 2.5%. Find growth rate of output.
• GDP= 12000, tax rate was 15% of GDP, Private savings was 12% of GDP and public savings was 360. Find consumption level of closed economy.
• What is the effective tariff rate on the commodity, when no imported inputs are used?
• A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that unde...
• Calculate Disposable income if, Consumption (C) = 200, Investment (I) = 50, Government purchases (G) = 70, Government transfer payments (TP) = 150, Taxes (...
• If, C = 250 + 0.5 (Y-T) , I = 250-500i, i=0.1 and G=T= 300. What will be the equilibrium level of income?
• Probability machine A fails = 40% and machine B fails = 50%. What is the probability plant will work when both machines work well?
• If equation is over-identified which method is used to estimate?
• For a normal curve, X+-3sd lies within?
• Refer the following table. How many students scored up to 40 marks?   ...
• A bag contains 8 Black and 4 White balls. 10 balls were randomly selected from the Bag. What is the probability that out of the 10 balls selected at random...