31、According to the central limit theorem, a sampling distribution of the sample mean will be approximately normal only if the: Select exactly 1 answer(s) from the following: A. sample size n is large. B. underlying distribution is normally distributed. C. variance of the underlying distribution is known. D. population mean of the underlying distribution is known.
32、Which of the following is NOT a desirable property of an estimator? Select exactly 1 answer(s) from the following: A. Efficiency. B. Reliability. C. Consistency. D. Unbiasedness.
33、The nature of competitive environment to which the game of Prisoners' Dilemma applies and the solution offered by Nash equilibrium, respectively, are: | Nature of competitive environment | Solution from Nash equilibrium | A. | oligopoly | both prisoners deny | B. | oligopoly | both prisoners confess | C. | monopolistic competition | both prisoners deny | D. | monopolistic competition | both prisoners confess |
Select exactly 1 answer(s) from the following: A. Answer A. B. Answer B. C. Answer C. D. Answer D.
34、The tax division between buyers and sellers with respect to products with perfectly elastic and perfectly inelastic demand, respectively, are: | Perfectly elastic demand | Perfectly inelastic demand | A. | buyers pay the entire tax. | buyers pay the entire tax. | B. | buyers pay the entire tax. | sellers pay the entire tax. | C. | sellers pay the entire tax. | buyers pay the entire tax. | D. | sellers pay the entire tax. | sellers pay the entire tax. |
Select exactly 1 answer(s) from the following: A. Answer A. B. Answer B. C. Answer C. D. Answer D.
35、Venkat Reddy is very fond of mango fruits. If mangoes cost 10 rupees each, Reddy spends his budget on fruits that he values more highly than mangoes. However, at 4 rupees each Reddy buys 20 mangoes for devouring over a one-week period. The total consumer surplus in rupees for Venkat would be closest to: Select exactly 1 answer(s) from the following: A. 13. B. 26. C. 60. D. 120. | 
发表于 2008-11-5 18:52
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