» Micro economics 2 solved MCQs

Which of the following industries most closely approximates the perfectly competitivemodel?

Byadmin May 8, 2021

Question:

Which of the following industries most closely approximates the perfectly competitivemodel?

Automobile

cigarette

newspaper

wheat farming.

Answer» d. wheat farming.

Note:

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

» Micro Economics 1 solved MCQs

Change in utility resulting from one unit change in consumption is called:

Question:

Change in utility resulting from one unit change in consumption is called:

A.
Total Utility
B.
Extra Utility
C.
Marginal Utility
D.
Average Utility
Answer» c. Marginal Utility

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

Read More Change in utility resulting from one unit change in consumption is called:
» Micro economics 2 solved MCQs

If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree pricediscrimination

Question:

If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree pricediscrimination

A.
Will increase his TR and total profit
B.
Can increase his TR and profit
C.
Cannot increase his TR and profit
D.
Will charge different prices in different market
Answer» c. Cannot increase his TR and profit

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

Read More If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree pricediscrimination
» Micro Economics 1 solved MCQs

Value added at each stage of production means:

Question:

Value added at each stage of production means:

A.
Value of output minus value of input
B.
Total value added by that stage
C.
Total value produced at that stage
D.
All of the above
Answer» a. Value of output minus value of input

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

Read More Value added at each stage of production means:
» Mathematical Economics solved MCQs

For complementary goods the cross elasticity of demand will be ______

Question:

For complementary goods the cross elasticity of demand will be ______

A.
negative
B.
zero
C.
positive
D.
any of these
Answer» a. negative

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

Read More For complementary goods the cross elasticity of demand will be ______
» Modern Banking and Insurance solved MCQs

Commercial papers were introduced in:

Question:

Commercial papers were introduced in:

A.
1989
B.
1982
C.
1985
D.
1990
Answer» d. 1990

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

Read More Commercial papers were introduced in:
» Micro economics 2 solved MCQs

Under perfect market conditions the individual firm in the industry has control over theprice of the product.

Question:

Under perfect market conditions the individual firm in the industry has control over theprice of the product.

A.
Some
B.
Full
C.
No
D.
None of the above
Answer» c. No

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

Read More Under perfect market conditions the individual firm in the industry has control over theprice of the product.

Which of the following industries most closely approximates the perfectly competitivemodel?

Similar Posts

Change in utility resulting from one unit change in consumption is called:

If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree pricediscrimination

Value added at each stage of production means:

For complementary goods the cross elasticity of demand will be ______

Commercial papers were introduced in:

Under perfect market conditions the individual firm in the industry has control over theprice of the product.