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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-5 section-11

Each section contains 100 MCQs on Economics .
41
Match the following.
List-I List-II
a. Cross elasticity is zero 1. Price = AVC
b. Shut down point 2. Two commodities are independent
c. Slutskey theorem 3. Transformation line
d. Production possibility 4. Substitution effect
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
42
Which of the following economists has termed fixed cost as complementary cost?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
43
In the kinked demand curve model, if one firm reduces its price
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
44
If the marginal product of labour is below the average product of labour, it must be true that
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
45
When both the price of a substitute and the price of a complement of commodity X rise, the demand for X-
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
46
If you know that with 8 units of output, the average fixed cost is Rs. 12.50 and the average variable cost is Rs. 81.25, then total cost at this output level is
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
47
If the demand curve is a rectangular hyperbola, elasticity is
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
48
Which of the following is a differentiated product?
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
49
Which one of the following is not a characteristics of monopolistic competition?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
50
Hidden disquieted employment is the specialty of which sector?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board