Economics MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11 Section 12 Section 13 Section 14 Section 15 Section 16

71.
A consumer is in equilibrium when marginal utilities are

A. Minimum

B. Highest

C. Equal

D. Increasing

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72.
TC curve

A. Rises continously

B. Falls after reaching a maximum

C. Is horizontal

D. None of the above

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73.
In which year, was the first volume of Das Capital by Karl Marx published?

A. 1848

B. 1859

C. 1867

D. 1873

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74.
According to Keynes, interest is a payment for

A. Consumer's preference

B. Producer's preference

C. Liquidity preference

D. State Bank's preference

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75.
According to Keynes, interest is a payment for

A. Consumer's preference

B. Producer's preference

C. Liquidity preference

D. State Bank's preference

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76.
When marginal is negative, it must be true that

A. The average is negative

B. The average is decreasing

C. The total is negative

D. The total is decreasing

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77.
All the following curves are U-shaped except

A. AVC

B. AFC

C. AC

D. MC

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78.
The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in

A. 1859

B. 1857

C. 1855

D. 1853

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79.
Interest is paid because

A. Capital is scarce

B. Capital is productive

C. Capital is attractive

D. Capital is surplus

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80.
The term 'marginal' in economics means

A. Unimportant

B. Additional

C. The minimum unit

D. Just barely passing

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Economics MCQ Questions and Solutions with Explanations | Commerce

71. A consumer is in equilibrium when marginal utilities are

Answer & Solution

72. TC curve

Answer & Solution

73. In which year, was the first volume of Das Capital by Karl Marx published?

Answer & Solution

74. According to Keynes, interest is a payment for

Answer & Solution

75. According to Keynes, interest is a payment for

Answer & Solution

76. When marginal is negative, it must be true that

Answer & Solution

77. All the following curves are U-shaped except

Answer & Solution

78. The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in

Answer & Solution

79. Interest is paid because

Answer & Solution

80. The term 'marginal' in economics means

Answer & Solution

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71.
A consumer is in equilibrium when marginal utilities are

72.
TC curve

73.
In which year, was the first volume of Das Capital by Karl Marx published?

74.
According to Keynes, interest is a payment for

75.
According to Keynes, interest is a payment for

76.
When marginal is negative, it must be true that

77.
All the following curves are U-shaped except

78.
The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in

79.
Interest is paid because

80.
The term 'marginal' in economics means