Commerce · all questions

Economics
practice.

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

1,593

Questions

47/80

Page

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

Q921

When there is monopoly in the product market and monopsony in the labour market, wages will be-

Select an option to see the answer and solution.

Q922

The condition required for consumer equilibrium is

Select an option to see the answer and solution.

Q923

Demand is defined as

Select an option to see the answer and solution.

Q924

In monopolistic competition we expect-

Select an option to see the answer and solution.

Q925

Consider the following statements.
1. Business economics is a special branch of economics applied in business decision-making.
2. The nature of business economics is applied not theoretical.
3. The nature of business economics is based on micro economics.
Which of the statement(s) given above is/are correct?

Select an option to see the answer and solution.

Q926

A collusive oligopoly (with a dominant price leader) will produce a level of output

Select an option to see the answer and solution.

Q927

Match the following.

List-I	List-II
a. Zero income elasticity	1. Substitute goods
b. Unit cross elasticity	2. Complementary goods
c. Positive cross elasticity	3. Indifferent goods
d. Negative cross elasticity	4. Independent goods

Select an option to see the answer and solution.

Q928

Name the Indian who has received the nobel prize in economics

Select an option to see the answer and solution.

Q929

Who gave the idea of the paradox of economy in the beginning?

Select an option to see the answer and solution.

Q930

In region second of production with a single variable input

Select an option to see the answer and solution.

Q931

The law of demand states that if other things remain same

Select an option to see the answer and solution.

Q932

Average revenue curve will not touch X axis because it cannot be

Select an option to see the answer and solution.

Q933

Who was the author of 'Value and Capital'?

Select an option to see the answer and solution.

Q934

Firms in perfect competition face a

Select an option to see the answer and solution.

Q935

When a firm produces 400 units, its total cost is Rs. 6,000 and the total cost of producing 410 units is Rs. 7,500. If so, then its marginal cost will be

Select an option to see the answer and solution.

Q936

When a monopolist is able to sell each separate unit of the output at a different price according to the pocket of the customer, he is applying

Select an option to see the answer and solution.

Q937

Which of the following describes what happens to a consumer's budget line if the consumer's budget increases? The budget line

Select an option to see the answer and solution.

Q938

Match the following.

List-I	List-II
a. Cross demand is the change in the quantity demanded of a given commodity in response to the	1. Relationship between the price of a commodity and the quantity demanded
b. The elasticity of demand for product will be higher	2. Change in the price of another commodity
c. The law of demand indicates	3. When price falls demand rises
d. The law of demand states	4. The more available are substitutes for that product

Select an option to see the answer and solution.

Q939

When the cross elasticity of price of demand between two goods is zero, then such goods are said to be

Select an option to see the answer and solution.

Q940

The responsiveness of demand to a change in price is measured by

Select an option to see the answer and solution.

Prev 45 46 47 48 49 Next