Economics MCQ Questions and Solutions with Explanations | Commerce

A. zero

B. infinity

C. one

D. less than 1

A. Price theory

B. Product theory

C. Process theory

D. Project theory

A. Both (A) and (R) are true

B. Both (A) and (R) are false

C. (A) is true, but (R) is false

D. (A) is false, but (R) is true

A. non-linear

B. linear

C. right-angled

D. positively sloped

A. Positive

B. Negative

C. Vertical

D. Parallel

A. $$\frac{{{\text{TFC}}}}{{{\text{SP}} - {\text{MC}}}}$$

B. $$\frac{{{\text{P/V}}\,{\text{Ratio}}}}{{{\text{Fixed}}\,{\text{Cost}}}}$$

C. $$\frac{{{\text{TFC}} \times {\text{SP}}}}{{{\text{SP}} - {\text{VC}}}}$$

D. None of these

A. Marshall

B. Robbins

C. Pigou

D. J. M. Keynes

A. Vertical

B. Horizontal

C. Upward sloping

D. Downward sloping

A. Even monopolistic can earn losses

B. Firms in a perfectly competitive market are price takers

C. Itis always beneficial for a firm in a perfectly competitive market to discriminate prices

D. Kinked demand curve is related to an oligopolistic market

A. a straight line

B. a parabola

C. a rectangular hyperbola

D. an L-shaped curve