Economics MCQs

Page No. 177

uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?


a2


b10


c1/2


d 5


View Answer 2

indifference curves for perfect substitutes are ?


aright angles


bbowed outward


cstraight lines


dnonexistent


View Answer straight lines

The limit on the consumption bundles that a consumer can afford is known as ?


aan indifference curve


b the budget constraint


cthe marginal rate of substitution


dthe consumption limits



For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?


aSMC, LMC


bSMC above SAVC, LMC above LAC


cSMC below SAVC, LMC above LAC


dSMC below SAVC, LMC bellow LAC



In the short run a firm will produce zero output if ?


a price is greater than short run average total cost


b price is between short run average total cost and short run average variable cost


cprice is less than short run average variable cost


dprofit is zero



Short run average total costs are equals to the sum of ____ and _____?


aShort run opportunity costs, profit


bShort run variable costs, profit


cShort run average variable costs, profit


dShort run average variable costs, profit run average fixed costs



When average cost is falling marginal cost is ________ and when average cost is rising marginal cost is?


agreater than average cost, greater than average cost


bless than average cost, greater than average cost


c less than average cost, less than average cost


d greater than average cost, less than average cost



If a long run average cost curve is falling form left to right this is an example of ?


aincreasing returns to scale


bdecreasing returns to scale


cconstant returns to scale


dthe minimum efficient scale



In monopolistic competition ?


aThere are few sellers


bThere are few buyers


cThere is one seller


d There are many sellers


View Answer There is one seller

If a firm takes over a competitor then, according to porter’s 5 forces model ?


aBuyer power is higher


bSupplier power is higher


cSubstitute threat is higher


dRivalry is lower



Goto Page No.

Page 177 of 444

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan