» Micro economics 2 solved MCQs

Which of the following condition are met in the long run equilibriumof the monopolistic competitor earning only normal profit

Byadmin April 26, 2021

Question:

Which of the following condition are met in the long run equilibriumof the monopolistic competitor earning only normal profit

MC=AC

P=AC

P=MR

P=MC

Answer» b. P=AC

Note:

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

» Mathematical Tools for Economics 2 solved MCQs

The ratio of capital to labour is called

Question:

The ratio of capital to labour is called

A.
average product of labour
B.
average product of capital
C.
factor intensity
D.
none of these
Answer» c. factor intensity

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

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» Mathematics for Economic Analysis 1 solved MCQs

Determinant of triangular matrix is the product of

Question:

Determinant of triangular matrix is the product of

A.
diagonal elements
B.
off-diagonal elements
C.
rows
D.
columns
Answer» a. diagonal elements

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

Read More Determinant of triangular matrix is the product of
» Quantitative Methods for Economic Analysis 1 solved MCQs

In computing Index Numbers, ___________ is concerned with the measurement of pricechanges over a period of years, when it is desirable to shift the base

Question:

In computing Index Numbers, ___________ is concerned with the measurement of pricechanges over a period of years, when it is desirable to shift the base

A.
unit test
B.
circular test
C.
time reversal test
D.
none of the above
Answer» b. circular test

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

Read More In computing Index Numbers, ___________ is concerned with the measurement of pricechanges over a period of years, when it is desirable to shift the base
» Macro Economics 1 solved MCQs

In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

Question:

In the saving function S = -a + (1-b)Y, the term ‘b’ denotes

A.
saving
B.
mpc
C.
mps
D.
aps
Answer» b. mpc

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

Read More In the saving function S = -a + (1-b)Y, the term ‘b’ denotes
» Mathematical Tools for Economics 1 solved MCQs

When S1⊆ S, where S contains at least one element not in S1, S1 is called a —– of S.

Question:

When S1⊆ S, where S contains at least one element not in S1, S1 is called a —– of S.

A.
power of the set
B.
proper subset
C.
equivalent set
D.
unit set
Answer» b. proper subset

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

Read More When S1⊆ S, where S contains at least one element not in S1, S1 is called a —– of S.
» Modern Banking and Insurance solved MCQs

Initially central bank was established at

Question:

Initially central bank was established at

A.
mumbai
B.
chennai
C.
new delhi
D.
calcutta.
Answer» d. calcutta.

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

Read More Initially central bank was established at

Which of the following condition are met in the long run equilibriumof the monopolistic competitor earning only normal profit

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