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Bachelor of Arts in Economics (BA Economics)

If in a matrix, the number if rows is the same as the number of columns, it is called

» Mathematics for Economic Analysis 1 solved MCQs /
Question:

If in a matrix, the number if rows is the same as the number of columns, it is called

A.

singular matrix

B.

non-singular matrix

C.

square matrix

D.

column vector

Answer» c. square matrix

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

If in a matrix, the number if rows is the same as the number of columns, it is called Read More »

» Mathematics for Economic Analysis 1 solved MCQs

If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price isequal to average total cost, then the firm

» Micro economics 2 solved MCQs /
Question:

If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price isequal to average total cost, then the firm

A.

should shut down

B.

should decrease output, but should not shut down

C.

should increase output

D.

None of the above is correct

Answer» d. None of the above is correct

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

If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price isequal to average total cost, then the firm Read More »

» Micro economics 2 solved MCQs