» Micro economics 2 solved MCQs

Firms in monopolistic competition in long run equilibrium ________ than firms in perfectcompetition.

Byadmin May 5, 2021

Question:

Firms in monopolistic competition in long run equilibrium ________ than firms in perfectcompetition.

produce less

charge a lower price

have bigger profits

have lower costs

Answer» a. produce less

Note:

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

» Mathematical Tools for Economics 1 solved MCQs

Determine the minimum of the function f(x,y)= x2+y2 ? Use the point (2, 1) as the initial estimate of the optimal solution. Conduct one iteration.

Question:

Determine the minimum of the function f(x,y)= x2+y2 ? Use the point (2, 1) as the initial estimate of the optimal solution. Conduct one iteration.

A.
(2,1)
B.
(−6,−3)
C.
(0,0)
D.
(1,−1)
Answer» d. (1,−1)

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

Read More Determine the minimum of the function f(x,y)= x2+y2 ? Use the point (2, 1) as the initial estimate of the optimal solution. Conduct one iteration.
» Macro Economics 1 solved MCQs

When output exceeds spending:

Question:

When output exceeds spending:

A.
there is unsold output, and level of output will fall
B.
there is unsold output, and level of output will rise
C.
there is unsold output, and level of spending willrise
D.
there is no unsold output since the level of spending will rise
Answer» a. there is unsold output, and level of output will fall

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

Read More When output exceeds spending:
» Micro economics 2 solved MCQs

For the monopolist, at the profit maximizing level of output

Question:

For the monopolist, at the profit maximizing level of output

A.
price is greater than marginal cost (p > mc)
B.
price is equal to marginal cost (p=mc)
C.
price may be greater than or equal to marginal cost,
D.
price is less than marginal cost (p <mc)
Answer» a. price is greater than marginal cost (p > mc)

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

Read More For the monopolist, at the profit maximizing level of output
» Micro economics 2 solved MCQs

Equilibrium in the Cournot Model of Duopoly is:

Question:

Equilibrium in the Cournot Model of Duopoly is:

A.
Unstable
B.
Stable
C.
Undefinable
D.
None of these
Answer» b. Stable

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

Read More Equilibrium in the Cournot Model of Duopoly is:
» Quantitative Methods for Economic Analysis 1 solved MCQs

In correlation, which of the following tells us that we have a perfect positive relationship

Question:

In correlation, which of the following tells us that we have a perfect positive relationship

A.
r = +1
B.
all the points on the scatter diagram would fall on a straight line and the slope would be from bottom left to top right of the plot
C.
the dots on the scatter diagram would fall in a straight line from top left-hand corner down to bottom right hand corner
D.
both a and b
Answer» d. both a and b

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

Read More In correlation, which of the following tells us that we have a perfect positive relationship
» Modern Banking and Insurance solved MCQs

The first Indian Insurance company started in the year

Question:

The first Indian Insurance company started in the year

A.
1882
B.
1956
C.
1850
D.
1982.
Answer» c. 1850

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

Read More The first Indian Insurance company started in the year

Firms in monopolistic competition in long run equilibrium ________ than firms in perfectcompetition.

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Determine the minimum of the function f(x,y)= x2+y2 ? Use the point (2, 1) as the initial estimate of the optimal solution. Conduct one iteration.

When output exceeds spending:

For the monopolist, at the profit maximizing level of output

Equilibrium in the Cournot Model of Duopoly is:

In correlation, which of the following tells us that we have a perfect positive relationship

The first Indian Insurance company started in the year