» Micro Economics 1 solved MCQs

The problem of scarcity and choice making can be depicted using the tool of ___ curve.

Byadmin May 6, 2021

Question:

The problem of scarcity and choice making can be depicted using the tool of ___ curve.

Demand

Isoquant

Indifference

Production possibility

Answer» d. Production possibility

Note:

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

» Micro economics 2 solved MCQs

Which is true of normal profits

Question:

Which is true of normal profits

A.
they are necessary to keep a firm in the industry in the long run.
B.
they are zero under pure competition in the long run.
C.
they are excluded from a firm\s costs of production.
D.
they are greater than the opportunity cost to the firm.
Answer» a. they are necessary to keep a firm in the industry in the long run.

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

Read More Which is true of normal profits
» International Economics solved MCQs

According to Rybczyski theorem commodity price should be

Question:

According to Rybczyski theorem commodity price should be

A.
constant
B.
increasing
C.
decreasing
D.
either increasing or decreasing
Answer» a. constant

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

Read More According to Rybczyski theorem commodity price should be
» Quantitative Methods for Economic Analysis 1 solved MCQs

The number of students on a college campus is a continuous variable

Question:

The number of students on a college campus is a continuous variable

A.
true
B.
false
C.
neither true nor false
D.
any of the above
Answer» b. false

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

Read More The number of students on a college campus is a continuous variable
» Quantitative Methods for Economic Analysis 2 solved MCQs

If one of the regression coefficients is greater than 1, then the other must be:

Question:

If one of the regression coefficients is greater than 1, then the other must be:

A.
greater than 1
B.
equal to 1
C.
less than 1
D.
zero
Answer» c. less than 1

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

Read More If one of the regression coefficients is greater than 1, then the other must be:
» Mathematical Economics solved MCQs

For a cost function TC = 3Q2+ 7Q +12, MC is :

Question:

For a cost function TC = 3Q2+ 7Q +12, MC is :

A.
6Q
B.
6Q + 7
C.
3Q + 7
D.
undefined
Answer» b. 6Q + 7

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

Read More For a cost function TC = 3Q2+ 7Q +12, MC is :
» Mathematics for Economic Analysis 1 solved MCQs

the elements in the horizontal line in a matrix is called

Question:

the elements in the horizontal line in a matrix is called

A.
columns
B.
rows
C.
elements
D.
diagonal
Answer» b. rows

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

Read More the elements in the horizontal line in a matrix is called

The problem of scarcity and choice making can be depicted using the tool of ___ curve.

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Which is true of normal profits

According to Rybczyski theorem commodity price should be

The number of students on a college campus is a continuous variable

If one of the regression coefficients is greater than 1, then the other must be:

For a cost function TC = 3Q2+ 7Q +12, MC is :

the elements in the horizontal line in a matrix is called