» Mathematical Economics solved MCQs

The best or optimum level of output for a perfectly competitive firm is given by the point:

Byadmin April 27, 2021

Question:

The best or optimum level of output for a perfectly competitive firm is given by the point:

MR = AC

MR = MC

MR exceeds MC by the greater amount

MR = MC and MC is rising

Answer» d. MR = MC and MC is rising

Note:

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

» Micro Economics 1 solved MCQs

If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

Question:

If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

A.
Increase in supply
B.
Increase in quantity supplied
C.
Decrease in supply
D.
Decrease in quantity supplied
Answer» b. Increase in quantity supplied

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

Read More If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
» The Political Economy of Development and Planing solved MCQs

Economic development means:

Question:

Economic development means:

A.
growth.
B.
development.
C.
growth plus change.
D.
none of these.
Answer» c. growth plus change.

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

Read More Economic development means:
» Quantitative Methods for Economic Analysis 2 solved MCQs

The registration of vital statistics in India suffers from :

Question:

The registration of vital statistics in India suffers from :

A.
incomplete reporting
B.
incomplete coverage
C.
lack of accuracy
D.
all the above
Answer» d. all the above

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

Read More The registration of vital statistics in India suffers from :
» Mathematical Tools for Economics 1 solved MCQs

Which of the following two sets are equal?

Question:

Which of the following two sets are equal?

A.
a = {1, 2} and b = {1}
B.
a = {1, 2} and b = {1, 2, 3}
C.
a = {1, 2, 3} and b = {2, 1, 3}
D.
a = {1, 2, 4} and b = {1, 2, 3}
Answer» c. a = {1, 2, 3} and b = {2, 1, 3}

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

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In regression, the variable being predicted is called the

Question:

In regression, the variable being predicted is called the

A.
criterion or y variable
B.
predictor variable or x
C.
x
D.
explanatory variable
Answer» a. criterion or y variable

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

Read More In regression, the variable being predicted is called the
» Quantitative Methods for Economic Analysis 2 solved MCQs

In case of simple correlation, the number of variables involved are

Question:

In case of simple correlation, the number of variables involved are

A.
1
B.
2
C.
3
D.
4
Answer» b. 2

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

Read More In case of simple correlation, the number of variables involved are

The best or optimum level of output for a perfectly competitive firm is given by the point:

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