Commerce · all questions

Economics
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

1,593

Questions

38/80

Page

Pick an option on a question to see the right answer and solution.

Q741

The statement that the law of diminishing returns is applied to all fields of production was stated by

Select an option to see the answer and solution.

Q742

Match the following.

List-I	List-II
a. Convexity of the indifference curve to origin	1. Indifference curve analysis
b. Quantity of certain goods sacrificed for a large quantity of other goods	2. Consumer's equilibrium
c. Equality of the ratio of the marginal utilities with that of the prices of the two goods	3. Substitutability/Complementarity of the two goods
d. Separation of substitution and income effects from the total price effect	4. Marginal rate of substitution

Select an option to see the answer and solution.

Q743

Suppose, there is a situation where two individuals are engaged in exchange and if individual 1 is a price-maker and individual 2 is a price-taker, equilibrium

Select an option to see the answer and solution.

Q744

Which of the following statement is correct?

Select an option to see the answer and solution.

Q745

Infrastructural facilities in India do not include

Select an option to see the answer and solution.

Q746

Match List-I with List-II and select the correct answer

List-I	List-II
a. Adam Smith	1. General Equilibrium
b. Micro-Economics	2. Wealth of Nations
c. Macro-Economics	3. Partial Equilibrium
d. Lord Keynes	4. General Theory of Employment, Interest and Money

Select an option to see the answer and solution.

Q747

Consider the following statements:
1. A profit-maximizing monopolist in different markets will adjust his sales in the two markets to just equal his MC.
2. A profit-maximizing monopolist in separate market will not adjust his sales.
3. A profit-maximizing monopolist in separate markets will adjust his sales.
4. A profit-maximizing firm in separate markets will adjust his sales in each market so that his MR is less than Me.

Select an option to see the answer and solution.

Q748

Which of the following statements is true?

Select an option to see the answer and solution.

Q749

As per the indifference curve and price line, a consumer will not be in equilibrium when

Select an option to see the answer and solution.

Q750

The risk posed by drought is-

Select an option to see the answer and solution.

Q751

Which one of the following statement is false?

Select an option to see the answer and solution.

Q752

Which of the following statement is incorrect?

Select an option to see the answer and solution.

Q753

"Economics is the science that studies money" it has been defined as

Select an option to see the answer and solution.

Q754

The reason the marginal cost curve eventually increases as output increases for the typical firm is because of

Select an option to see the answer and solution.

Q755

The additivity of utility in the Marshallian analysis is based on the assumptions of

Select an option to see the answer and solution.

Q756

According to the market law of Say's

Select an option to see the answer and solution.

Q757

Consider the following statements.
1. TR starts declining when MR is negative.
2. MR can be zero or even negative.
3. TR stops increasing when MR = 0.
Which of the statement(s) given above is/are correct?

Select an option to see the answer and solution.

Q758

With reference to the theories of population, which of the following statement is/are correct?
1. Malthusian theory of population applies only to over populated countries.
2. Optimum theory of population applies to all countries.
Select the correct answer

Select an option to see the answer and solution.

Q759

A firm may be considered to be of optimum size when

Select an option to see the answer and solution.

Q760

A profit maximising firm in perfect competition produces where

Select an option to see the answer and solution.

Prev 36 37 38 39 40 Next