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MCQs

Total Questions : 874 | Page 19 of 88 pages
Question 181. Profit is maximum when
  1.    Slope of MC and Mr is the same
  2.    Slope of TC and TR is the same
  3.    Slope of AC and AR is the same
  4.    None of the above
 Discuss Question
Answer: Option B. -> Slope of TC and TR is the same
Question 182. Excise tax is a part of
  1.    Fixed cost
  2.    Variable cost
  3.    Implicit cost
  4.    Is not a part of cost
 Discuss Question
Answer: Option B. -> Variable cost
Question 183. Unemployment due to mechanization of agriculture is
  1.    Seasonal
  2.    Structural
  3.    Industrial
  4.    Personal
 Discuss Question
Answer: Option B. -> Structural
Question 184. The labour force participation rate is the
  1.    Proportion of population that is working
  2.    Proportion of population working or looking for work
  3.    Proportion of skilled workers population
  4.    Proportion of female workers to male workers
 Discuss Question
Answer: Option C. -> Proportion of skilled workers population
Question 185. At the point of equilibrium of firm (under perfect competition)
  1.    MC curve must be rising
  2.    MC curve must be falling
  3.    MR cure must be rising
  4.    None of the above
 Discuss Question
Answer: Option A. -> MC curve must be rising
Question 186. The shape of rectangular hyperbola is made by
  1.    MC
  2.    AFC
  3.    AVC
  4.    None of the above
 Discuss Question
Answer: Option B. -> AFC
Question 187. The human effort applied to the production of goods is called in economics
  1.    Labour
  2.    Skill
  3.    Experience
  4.    Service
 Discuss Question
Answer: Option A. -> Labour
Question 188. Unemployment of labour means that
  1.    A worker does not get full time job
  2.    A worker is not happy with his present job
  3.    A person does not get job according to his qualification
  4.    a' and 'c' both
 Discuss Question
Answer: Option D. -> a' and 'c' both
Question 189. As output increases
  1.    MC curve initially falls and then rises
  2.    MC initially rises and then falls
  3.    MC continuously rises
  4.    None of the above
 Discuss Question
Answer: Option A. -> MC curve initially falls and then rises
Question 190. Normal profit is
  1.    Part of total cost
  2.    Part of economic profit
  3.    Total revenue minus total cost
  4.    Total revenue minus implicit cost
 Discuss Question
Answer: Option A. -> Part of total cost

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