» Micro economics 2 solved MCQs

A firm is able to sell any quantity of a good at a given price. The firm’s marginal revenuewill be:

Byadmin May 7, 2021

Question:

A firm is able to sell any quantity of a good at a given price. The firm’s marginal revenuewill be:

Greater than Average Revenue

Less than Average Revenue

Equal to Average Revenue

Zero

Answer» c. Equal to Average Revenue

Note:

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

» Micro economics 2 solved MCQs

At the profit-maximizing level of output, a monopolist will always operate where:

Question:

At the profit-maximizing level of output, a monopolist will always operate where:

A.
price is greater than marginal cost.
B.
price is greater than average revenue.
C.
average total cost equals marginal cost.
D.
total revenue is greater than total cost.
Answer» a. price is greater than marginal cost.

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

Read More At the profit-maximizing level of output, a monopolist will always operate where:
» Micro economics 2 solved MCQs

In a monopsony market there is:

Question:

In a monopsony market there is:

A.
Single seller
B.
single buyer
C.
Two sellers
D.
two buyers
Answer» b. single buyer

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

Read More In a monopsony market there is:
» Quantitative Methods for Economic Analysis 2 solved MCQs

For dealing with qualitative data, the best average is …………..

Question:

For dealing with qualitative data, the best average is …………..

A.
arithmetic mean
B.
geometric mean
C.
harmonic mean
D.
median
Answer» d. median

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

Read More For dealing with qualitative data, the best average is …………..
» Quantitative Methods for Economic Analysis 2 solved MCQs

The measure which is not used for mortality is

Question:

The measure which is not used for mortality is

A.
crude death rate
B.
age specific death rate
C.
standardised death rate
D.
crude birth rate
Answer» d. crude birth rate

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

Read More The measure which is not used for mortality is
» Micro economics 2 solved MCQs

Which policy is recommended under flexible exchange rate system:

Question:

Which policy is recommended under flexible exchange rate system:

A.
No policy is needed
B.
Contractionary policy
C.
expansionary monetary policy
D.
Any policy.
Answer» c. expansionary monetary policy

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

Read More Which policy is recommended under flexible exchange rate system:
» Macro Economics 1 solved MCQs

The marginal productivity of labour:

Question:

The marginal productivity of labour:

A.
increases when the price of the good sold increases, ceteris paribus
B.
decreases when there is an adverse supply shock, ceteris paribus
C.
increase when more workers are hired, ceteris paribus
D.
decreases when there is an increase in the quantity of capital, ceteris paribus
Answer» b. decreases when there is an adverse supply shock, ceteris paribus

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

Read More The marginal productivity of labour:

A firm is able to sell any quantity of a good at a given price. The firm’s marginal revenuewill be:

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At the profit-maximizing level of output, a monopolist will always operate where:

In a monopsony market there is:

For dealing with qualitative data, the best average is …………..

The measure which is not used for mortality is

Which policy is recommended under flexible exchange rate system:

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