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-1 section-6
Assertion (A): If the monopolist faces identical demand curves for his commodity in two separate markets, by practising third degree price discrimination, he cannot increase his TR and total profits. Reason (R): As the marginal revenue curves are identical when the demand curves in the two markets are the same, the monopolist will not charge different prices in each market to maximise profits.
On the expansion path of the firm operating with homogeneous production function, which among the following remain constant?
1. Input ratio
2. Price ratio of inputs
3. Marginal rate of technical substitution between the factors
4. Elasticity of substitution
Select the correct answer
Select the techniques of monetary control adopted by RBI from the following:
(i) Cash Reserve Ratio
(ii) Statutory Liquidity Ratio
(iii) Bank Rate
(iv) Currency Rate
