11th Principles of Economics MCQS Chapter 7

Google Ads1
11th Principles of Economics MCQS
Image Courtesy By Freepik

Respected members,
11th Principles of Economics MCQS Available Here. In this pages your can get 11th Principles of Economics MCQS with Answers.
You can read and practice, 11th Principles of Economics MCQS on Different Topic,
We make Online question bank with the help of experienced teachers and subject specialists.

FG Study / Quiz is also very useful website for online Quiz and Test sessions. Where FG STUDY Team Design and Develop large Database and Content Management System for the quizzes. We provide wide scale online quiz System for various educational and professional examination. If you are interested please visit our site FG Study Quiz

Remember That The FG STUDY Team Always provide unique and useful content for students. If you have any question or problem do not hesitate to contact us, we will be happy to reply, Thanks


Shut down point appears, when
AC=AR
AVC<AR
AVC=AR
AVC>AR

If there are large number of firms in some particular industry, then situation is called
Monopoly
Perfect competition
Imperfect competition
Monopolistic competition

Tendency of average revenue curve under monopoly is alwaus
Falls down
Rises up
Parallel to x-axis
Parallel to y-axis

Speed of increase in total revenue remains equal with the increase in output
Under monopoly
Under perfect competition
Under pure competition
Under oligopoly

If the equation is this, MC=MR=AR(P)<AC then the firm
Earns abnormal profit
Bears loss
Bears abnormal loss
Earns normal profit

A monopolistic firm has control of
Whole market supply by two firms
None of these
Whole market supply by one firm
Whole market supply by a few firms

If the demand for commodity being produced increases, then a firm in the short run ——- its variable factors
None of three
Increases
Keeps the same
Decreases

Under monopoly, in the long run a firm
Bears abnormal loss
Earns abnormal profit
Bears minimum loss
Earns normal profit

Monopolist firm in the long run
Usually earns normal profit
Always faces loss
Usually faces loss
Always earns abnormal profit

If a monopolist wants to increase the sale of its product, it will have to ——— the price of its good
Decrease
Keep constant
Increase
None of the three

Continue Reading Go to Next Page

Google Ads