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April 2021

Which would be an implicit cost for a firm? The cost:

» Micro Economics 1 solved MCQs /
Question:

Which would be an implicit cost for a firm? The cost:

A.

Of worker wages and salaries for the firm.

B.

Paid for leasing a building for the firm.

C.

Paid for production supplies for the firm.

D.

Of wages foregone by the owner of the firm.

Answer» d. Of wages foregone by the owner of the firm.

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which would be an implicit cost for a firm? The cost: Read More »

» Micro Economics 1 solved MCQs

Marginal revenue is equal to price for which one of the following types of marketstructure?

» Micro economics 2 solved MCQs /
Question:

Marginal revenue is equal to price for which one of the following types of marketstructure?

A.

Monopoly

B.

Perfect competition

C.

Monopolistic competition

D.

Oligopoly

Answer» b. Perfect competition

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Marginal revenue is equal to price for which one of the following types of marketstructure? Read More »

» Micro economics 2 solved MCQs

Marginal rate of substitution between factors is equal to the ratio of :

» Mathematical Economics and Econometrics solved MCQs /
Question:

Marginal rate of substitution between factors is equal to the ratio of :

A.

mpx/mpy

B.

mpl/mpk

C.

mrsxy/mrs

D.

none

Answer» b. mpl/mpk

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Marginal rate of substitution between factors is equal to the ratio of : Read More »

» Mathematical Economics and Econometrics solved MCQs

When individuals income falls (everything remain the same) his demand foran inferior good

» Micro Economics 1 solved MCQs /
Question:

When individuals income falls (everything remain the same) his demand foran inferior good

A.

rises

B.

falls

C.

remains the same

D.

we cannot say without additional information

Answer» a. rises

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

When individuals income falls (everything remain the same) his demand foran inferior good Read More »

» Micro Economics 1 solved MCQs

The term of office-bearers of Committee on the Elimination of Discriminationagainst Women (CEDAW) is…………………..

» Environmental Politics and Human Rights solved MCQs /
Question:

The term of office-bearers of Committee on the Elimination of Discriminationagainst Women (CEDAW) is…………………..

A.

2 years

B.

3 years

C.

4 years

D.

5 years

Answer» a. 2 years

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

The term of office-bearers of Committee on the Elimination of Discriminationagainst Women (CEDAW) is………………….. Read More »

» Environmental Politics and Human Rights solved MCQs

The percentage change in output caused by a given percentage changein a variable factor is:

» Mathematical Economics and Econometrics solved MCQs /
Question:

The percentage change in output caused by a given percentage changein a variable factor is:

A.

output elasticity

B.

income elasticity

C.

price elasticity

D.

none

Answer» a. output elasticity

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

The percentage change in output caused by a given percentage changein a variable factor is: Read More »

» Mathematical Economics and Econometrics solved MCQs

If two sets contain same number of distinct elements but not the same elements are called

» Mathematics for Economic Analysis 1 solved MCQs /
Question:

If two sets contain same number of distinct elements but not the same elements are called

A.

equal sets

B.

unequal sets

C.

equivalent sets

D.

all the above

Answer» b. unequal sets

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

If two sets contain same number of distinct elements but not the same elements are called Read More »

» Mathematics for Economic Analysis 1 solved MCQs