Economics MCQ Questions and Solutions with Explanations | Commerce

A. Slope of MC and Mr is the same

B. Slope of TC and TR is the same

C. Slope of AC and AR is the same

D. None of the above

A. Fixed cost

B. Variable cost

C. Implicit cost

D. Is not a part of cost

A. Seasonal

B. Structural

C. Industrial

D. Personal

A. Proportion of population that is working

B. Proportion of population working or looking for work

C. Proportion of skilled workers population

D. Proportion of female workers to male workers

A. MC curve must be rising

B. MC curve must be falling

C. MR cure must be rising

D. None of the above

A. MC

B. AFC

C. AVC

D. None of the above

A. A worker does not get full time job

B. A worker is not happy with his present job

C. A person does not get job according to his qualification

D. a' and 'c' both

A. Labour

B. Skill

C. Experience

D. Service

A. Part of total cost

B. Part of economic profit

C. Total revenue minus total cost

D. Total revenue minus implicit cost

A. MC curve initially falls and then rises

B. MC initially rises and then falls

C. MC continuously rises

D. None of the above