Economics MCQ Questions and Solutions with Explanations | Commerce
Economics MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Economics MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-3 section-13
Statement I The least-cost or optimal input combination of labour capital requires that the marginal revenue productivity ratio of the two inputs should be equal to their price ration. Statement II In a hypothetical production function of the following from Q = L3 + 15L2 + 10
Where Q = Quantity of the product and L = No. of variable input (labour) the marginal physical productivity of labour is L2 + 15L + 10
If in a year, the gross fiscal deficit of a Government is Rs. 3,00,000 crore, revenue deficit is Rs. 1,50,000 crore and interest payment are Rs. 80,000 crore, then the primary deficit of the Government in the year is:
