Economics MCQ Questions and Solutions with Explanations | Commerce

A. which compels an entrepreneur to remain in the same industry

B. profits which are not more or less than 10 p.c. of the working capital

C. profits which are not less or more than 10 p.c. of the total capital

D. profits which are so fixed by the government

A. total satisfaction will decrease as more units of the good are consumed

B. the satisfaction derived from each additional unit of a good consumed will decrease

C. total utility will become negative

D. Both A and C

A. Inflation rate

B. Gross product level

C. Interest rate

D. Discount rate

A. they are equally elastic

B. the steeper curve is more elastic

C. the flatter curve is more elastic

D. their elasticity cannot be compared

A. Decreasing and negative

B. Increasing and negative

C. Decreasing and positive

D. Increasing and positive

A. Rs. 525 crore

B. Rs. 550 crore

C. Rs. 250 crore

D. Rs. 500 crore

A. Political Advantage

B. Environment Improvement

C. Profit Earning

D. Social Development

A. total revenue curve

B. marginal cost curve

C. average revenue curve

D. marginal revenue curve

A. Unlimited ends or wants

B. Scarce resources

C. Alternative uses of scarce resources

D. All of the above

A. Inflation and employment in a growing economy

B. The best way to invest in the stock market

C. Business decision-making under foreign competition

D. Individual and social choice in the face of scarcity