Economics MCQ Questions and Solutions with Explanations | Commerce

A. $$\frac{{MUx}}{{MUy}} = \frac{{MUy}}{{MUz}} = \frac{{MUz}}{{MUx}}$$

B. $$\frac{{MUx}}{{MUy}} = \frac{{Px}}{{Py}} = \frac{{MUx}}{{Pz}}$$

C. $$\frac{{MUx}}{{Px}} = \frac{{MUy}}{{Py}} = \frac{{MUz}}{{Pz}}$$

D. $$\frac{{MUx}}{{Py}} = \frac{{MUy}}{{Pz}} = \frac{{MUz}}{{Px}}$$

A. price per unit of the good

B. price per unit of other goods

C. income of consumers

D. tastes of consumers

E. all of the above

A. increase in output

B. decrease in output

C. no change in output

D. None of these

A. Prof. Paul Samuelson and Giffen

B. Prof. A. Marshall

C. Prof. J. R. Hicks

D. Mrs. John Robinson

A. Decrease in own price of the commodity means extension of demand

B. Increase in own price of the commodity means increase in demand

C. Both A and B

D. None of the above

A. A valuer

B. A price taker

C. Obstructing the entry of the other firms

D. Producing a commodity different from the competition

A. Cost plus pricing

B. Marginal pricing

C. Skimming pricing

D. Product line pricing

A. Has a slope equal to the relative price

B. Shows the limit what can be consumed

C. Rotates and shifts only when the consumer budget changes

D. Both A and B are correct

A. First plan

B. Second plan

C. Sixth plan

D. Ninth plan