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MCQs

Total Questions : 302 | Page 29 of 31 pages
Question 281. Companies are supposed to sell where marginal costs meet marginal revenue, where largely profit is generated is
  1.    perfect factor mobility
  2.    zero transaction costs
  3.    profit maximization
  4.    property rights
 Discuss Question
Answer: Option C. -> profit maximization
Answer: (c).profit maximization
Question 282. In short run, balance will be affected by
  1.    price
  2.    demand
  3.    supply
  4.    cost
 Discuss Question
Answer: Option B. -> demand
Answer: (b).demand
Question 283. A firm will get only usual profit in long run at the
  1.    marginal revenue point
  2.    cost cut profit point
  3.    equilibrium point
  4.    oligopoly point
 Discuss Question
Answer: Option C. -> equilibrium point
Answer: (c).equilibrium point
Question 284. In small run, perfectly-competitive places are not
  1.    productively efficient
  2.    inefficient
  3.    imperfect market
  4.    productively inefficient
 Discuss Question
Answer: Option A. -> productively efficient
Answer: (a).productively efficient
Question 285. Costs or advantages of an action do not influence third parties are
  1.    perfect information
  2.    imperfect market
  3.    no externalities
  4.    property rights
 Discuss Question
Answer: Option C. -> no externalities
Answer: (c).no externalities
Question 286. An model of a monopolistically competitive company is
  1.    Farmer Jones's wheat farm
  2.    Post Breakfast Cereals
  3.    TCI Cablevision, a supplier of cable T.V. services
  4.    T.J.'s Clothes, a local retail clothing store
 Discuss Question
Answer: Option D. -> T.J.'s Clothes, a local retail clothing store
Answer: (d).T.J.'s Clothes, a local retail clothing store
Question 287. Industry is most probably to be monopolistically competitive is
  1.    the automobile industry
  2.    the steel industry
  3.    the car repair industry
  4.    the electrical generating industry
 Discuss Question
Answer: Option C. -> the car repair industry
Answer: (c).the car repair industry
Question 288. A absolutely competitive industry has a
  1.    perfectly elastic supply curve
  2.    perfectly elastic demand curve
  3.    negatively sloped demand curve
  4.    positively sloped demand curve
 Discuss Question
Answer: Option C. -> negatively sloped demand curve
Answer: (c).negatively sloped demand curve
Question 289. Short run supply curve for a perfectly competitive firm is marginal cost curve at and over the
  1.    shutdown point
  2.    cost cut profit point
  3.    marginal revenue point
  4.    elasticity point
 Discuss Question
Answer: Option A. -> shutdown point
Answer: (a).shutdown point
Question 290. Point where market demands will be same to market supply
  1.    equilibrium in perfect competition
  2.    equilibrium in imperfect competition
  3.    equilibrium competition
  4.    all of answers are correct
 Discuss Question
Answer: Option A. -> equilibrium in perfect competition
Answer: (a).equilibrium in perfect competition

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