Past Preliminary Exams (1 Viewer)

[GaDaMIt]

does anyone have any idea where i can find some of these? They dont appear to exist on the resources section of this website..

Also just checking a few multiple choice questions

firstly imagine a graph representing supply and demand for mars bars..
both the supply and demand shift negatively, having an equilibirum directly left of original

What could have caused the movement of the supply and demand curves?
a) The invention of a machine that improves the efficiency of packaging and a rumour that the price of Mars bars is about to fall sharply
b) a required change to tamper proof packaging and lack of confidence that mars bars are safe to eat
c) an oversupply of labour in the market and a decrease in consumer incomes
d) an increase in the population size and a decrease in the price of mars bars due to the recent scare

??

In the primary financial market
d) securities are issued for the first time for capital raising purposes

Internal economies of scale are characterised by
a) reduced costs genereated by an increase in the size of the firm

Average cost is
b) total costs divided by output


Aside from the first one which i require an answer to.. do the others seem correct? thanks for any help..

 

[gnrlies]

does anyone have any idea where i can find some of these? They dont appear to exist on the resources section of this website..

Also just checking a few multiple choice questions

firstly imagine a graph representing supply and demand for mars bars..
both the supply and demand shift negatively, having an equilibirum directly left of original

What could have caused the movement of the supply and demand curves?
a) The invention of a machine that improves the efficiency of packaging and a rumour that the price of Mars bars is about to fall sharply
b) a required change to tamper proof packaging and lack of confidence that mars bars are safe to eat
c) an oversupply of labour in the market and a decrease in consumer incomes
d) an increase in the population size and a decrease in the price of mars bars due to the recent scare

??

In the primary financial market
d) securities are issued for the first time for capital raising purposes

Internal economies of scale are characterised by
a) reduced costs genereated by an increase in the size of the firm

Average cost is
b) total costs divided by output


Aside from the first one which i require an answer to.. do the others seem correct? thanks for any help..

First question is b

Because tamper proof packaging would increase costs and make producers less willing to supply, likewise demand would be reduced due to concerns over safety.

The others seem correct

 

[karnoganguli]

Q. 4 Average cost: total cost divided by rate of output... so yes if there isn't an option 'total cost divided by rate of output'.

Q.3 Correct, that is what a primary financial market is.

Q.2 no idea, need to revise this chapter.

Q.1 is a tough one. Can't be A because a technological advancement would mean the supply curve would shift to the right (not left). Can't be D because a decrease in price does not shift the demand and supply curve. Hard choice. I'll get back to you on this one. I'll have dinner first, but my belief is b. What are the effects of an oversupply of labour? Hmmm.... EDIT: yes its b. As for q.2, not sure just take gnarlies answer for it.