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Economics Mcqs

In the long run, the competitive firm’s supply curve is the ?

Costs, Economics Mcqs, Supply And Perfect Competition /
In the long run, the competitive firm’s supply curve is the ?

A. entire marginal cost curve
B. upward-slog portion of the average total cost curve
C. portion of the marginal cost curve that lies above the average total cost curve
D. upward-slog portion of the average variable cost curve
E. portion of the marginal cost curve that lies above the average variable cost curve.

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Costs, Economics Mcqs, Supply And Perfect Competition

If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost the firm could increase profit if it ?

Costs, Economics Mcqs, Supply And Perfect Competition /
If a competitive firm is producing a level of output where marginal revenue exceeds marginal cost the firm could increase profit if it ?

A. decreased production
B. maintained production at the current level
C. temporarily shut down.
D. increased production

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Costs, Economics Mcqs, Supply And Perfect Competition

Which of the following market would most closely satisfy the requirements for a competitive market ?

Costs, Economics Mcqs, Supply And Perfect Competition /
Which of the following market would most closely satisfy the requirements for a competitive market ?

A. electricity
B. cable television
C. cola
D. milk
E. All of these answers represent competitive markets

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Costs, Economics Mcqs, Supply And Perfect Competition

In the short run firms in perfect competition will still produce provided ?

Costs, Economics Mcqs, Supply And Perfect Competition /
In the short run firms in perfect competition will still produce provided ?

A. The price covers average variable cost
B. The price covers variable cost
C. The price covers average fixed cost
D. The price covers fixed costs

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Costs, Economics Mcqs, Supply And Perfect Competition

A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?

And the Market, Development Planning and Policy-making The State, Economics Mcqs /
A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?

A. Keeg balanced budget, a price target
B. slow economic growth under colonial capitalism
C. minimizing public spending in the rural areas
D. western countries, nation-state ideology

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And the Market, Development Planning and Policy-making The State, Economics Mcqs

Which of the following assumptions underlying input-output analysis raises about its validity ?

And the Market, Development Planning and Policy-making The State, Economics Mcqs /
Which of the following assumptions underlying input-output analysis raises about its validity ?

I- The technical coefficients are fixed which means so substitution between inputs occurs
II- There are no externalities so that the total effect of carrying out several activities is the sum of the separate effects
III- Each good is produced by only one industry and each industry produces only one commodity
IV- There is no technical change
A. I and II only
B. I, II, III only
C. I, II, IV only
D. I, II, III and IV

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And the Market, Development Planning and Policy-making The State, Economics Mcqs