Economics MCQ Questions and Solutions with Explanations | Commerce

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71.
The duty which is imposed on import and export of goods is called

A. Excise duty

B. Custom duty

C. Purchase and Sale duty

D. Trade duty

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72.
Which of the following curve shows the firm's lowest cost per unit at each level of output?

A. Long-run average cost curve

B. Short-run average cost curve

C. Long-run marginal cost curve

D. Long-run total fixed cost curve

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73.
A consumer get maximum satisfaction where the . . . . . . . . are same.

A. total utility and marginal utility

B. price of commodity and marginal utility

C. price of commodity and total utility

D. both B and C

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74.
Sex ratio over years in India

A. changed in favour of women

B. has not changed

C. valid against women

D. None of the above

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75.
Fixed cost with increase in per unit output

A. Decreases

B. Increases

C. Fixed/remain constant

D. Variable

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76.
A monopolist does not have a-

A. demand curve

B. supply curve

C. indifference curve

D. isoquant

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77.
Marginal cost curve intersects the average cost curve

A. To the left of its lowest point

B. At its lowest point

C. To the right of its lowest point

D. At its maximum point

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78.
Demand for comforts is:

A. highly elastic

B. elastic

C. inelastic

D. None of the above

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79.
Which one of the following assumptions is NOT correct for the revealed preference analysis?

A. Consistency

B. Transitivity

C. Rationality

D. Weak ordering

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80.
In which market structure, the demand is perfectly elastic?

A. Duopoly

B. Perfect competition

C. Monopoly

D. Oligopoly

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Economics MCQ Questions and Solutions with Explanations | Commerce

71. The duty which is imposed on import and export of goods is called

Answer & Solution

72. Which of the following curve shows the firm's lowest cost per unit at each level of output?

Answer & Solution

73. A consumer get maximum satisfaction where the . . . . . . . . are same.

Answer & Solution

74. Sex ratio over years in India

Answer & Solution

75. Fixed cost with increase in per unit output

Answer & Solution

76. A monopolist does not have a-

Answer & Solution

77. Marginal cost curve intersects the average cost curve

Answer & Solution

78. Demand for comforts is:

Answer & Solution

79. Which one of the following assumptions is NOT correct for the revealed preference analysis?

Answer & Solution

80. In which market structure, the demand is perfectly elastic?

Answer & Solution

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71.
The duty which is imposed on import and export of goods is called

72.
Which of the following curve shows the firm's lowest cost per unit at each level of output?

73.
A consumer get maximum satisfaction where the . . . . . . . . are same.

74.
Sex ratio over years in India

75.
Fixed cost with increase in per unit output

76.
A monopolist does not have a-

77.
Marginal cost curve intersects the average cost curve

78.
Demand for comforts is:

79.
Which one of the following assumptions is NOT correct for the revealed preference analysis?

80.
In which market structure, the demand is perfectly elastic?