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MCQs

Total Questions : 874 | Page 18 of 88 pages
Question 171. Suppose the short run cost function can be written as TC=250 + 10Q. Average fixed cost equals
  1.    250/Q
  2.    250
  3.    10
  4.    250/Q + 10
 Discuss Question
Answer: Option A. -> 250/Q
Question 172. Risks in the business arise because of
  1.    Introduction of the new products
  2.    Uncertain policy of rival firms
  3.    Changes in tastes
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
Question 173. Indifference curves are convex to the origin because
  1.    Two goods are perfect substitutes
  2.    Two goods are imperfect substitutes
  3.    Two goods are perfect complementary goods
  4.    None of the above
 Discuss Question
Answer: Option B. -> Two goods are imperfect substitutes
Question 174. Standard of living of a country can be raised if it increases
  1.    Labour force
  2.    Production
  3.    Money supply
  4.    Exports
 Discuss Question
Answer: Option B. -> Production
Question 175. According to Malthus, population increases by progression of which kind?
  1.    Systematic
  2.    Arithmetic
  3.    Geometric
  4.    Automatic
 Discuss Question
Answer: Option C. -> Geometric
Question 176. Profit is maximum when
  1.    Distance between TR and TC is maximum
  2.    Distance between AR and AC is maximum
  3.    Distance between MR and MC is maximum
  4.    None of the above
 Discuss Question
Answer: Option A. -> Distance between TR and TC is maximum
Question 177. In Monopoly at various output levels
  1.    AR = MR
  2.    AR < MR
  3.    AR > MR
  4.    None of the above
 Discuss Question
Answer: Option C. -> AR > MR
Question 178. All labour is
  1.    Homogeneous
  2.    Heterogeneous
  3.    Lazy
  4.    Intelligent
 Discuss Question
Answer: Option B. -> Heterogeneous
Question 179. All labour is
  1.    Homogeneous
  2.    Heterogeneous
  3.    Lazy
  4.    Intelligent
 Discuss Question
Answer: Option B. -> Heterogeneous
Question 180. Mobility of labour
  1.    Increases efficiency of labour
  2.    Spoils labour
  3.    Increases division of labour
  4.    a' and 'c' both
 Discuss Question
Answer: Option D. -> a' and 'c' both

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