» Micro economics 2 solved MCQs

A perfectly competitive firm should reduce output or shut down in the short run if marketprice is equal to marginal cost and price is

Byadmin April 29, 2021

Question:

A perfectly competitive firm should reduce output or shut down in the short run if marketprice is equal to marginal cost and price is

greater than average total cost

less than average total cost

greater than average variable cost

less than average variable cost

Answer» d. less than average variable cost

Note:

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

» Quantitative Methods for Economic Analysis 2 solved MCQs

Test to determine whether a given method will work both forward & backward

Question:

Test to determine whether a given method will work both forward & backward

A.
unit test
B.
factor reversal test
C.
time reversal test
D.
none
Answer» c. time reversal test

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

Read More Test to determine whether a given method will work both forward & backward
» The Political Economy of Development and Planing solved MCQs

All under developed countries are:

Question:

All under developed countries are:

A.
not developing at all
B.
developing but slowly
C.
developing at different rates
D.
receding backward
Answer» c. developing at different rates

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

Read More All under developed countries are:
» Micro Economics 1 solved MCQs

Which cost is to be incurred by a firm even if output is zero:

Question:

Which cost is to be incurred by a firm even if output is zero:

A.
Opportunity cost
B.
Fixed cost
C.
Variable Cost
D.
Total cost
Answer» b. Fixed cost

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

Read More Which cost is to be incurred by a firm even if output is zero:
» Mathematical Tools for Economics 1 solved MCQs

If all the sets under consideration are subsets of a fixed set say ∪, then this set ∪ is called

Question:

If all the sets under consideration are subsets of a fixed set say ∪, then this set ∪ is called

A.
universal set
B.
power set
C.
disjoint set
D.
finite set
Answer» a. universal set

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

Read More If all the sets under consideration are subsets of a fixed set say ∪, then this set ∪ is called
» Macro Economics 1 solved MCQs

According to Keynes the most important determinant ofinvestment

Question:

According to Keynes the most important determinant ofinvestment

A.
mec
B.
effective demand
C.
aggregate demand
D.
rate of interest
Answer» a. mec

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

Read More According to Keynes the most important determinant ofinvestment
» Quantitative Methods for Economic Analysis 1 solved MCQs

A correlation coefficient of +0.40 could be considered

Question:

A correlation coefficient of +0.40 could be considered

A.
weak
B.
moderate
C.
strong
D.
zero
Answer» b. moderate

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

Read More A correlation coefficient of +0.40 could be considered

A perfectly competitive firm should reduce output or shut down in the short run if marketprice is equal to marginal cost and price is

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