Multi-choice 2 Question 1) If the monopoly profit where to add to costs so that costs equalled revenue,even if the average cost curve exclusive of profit was rising ,the average cost curve obtained from the first operative is______ Answers Option 1 Necessarily decreasing at the equilibrium output Option 2 Necessarily increasing at the equilibrium output Option 3 Necessarily increasing at the equilibrium price Option 4 Necessarily decreasing at the equilibrium price Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2) Average revenue curve should be kinked in______ Answers Option 1 Duopoly Option 2 Monopoly Option 3 None-collusive oligopoly Option 4 Collusive oligopoly Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3) The excess of TR over the TC is greatest at a point where a competitive firm will maximum_______ Answers Option 1 Availability of raw materials Option 2 Profits Option 3 Profits of the output Option 4 Production of the output Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4) In the below figure, A, B, and C represents Answers Option 1 SMC ,SAC and STC Option 2 LMC, SAC and AR=AC Option 3 LMC,LAC and AR=AC Option 4 LMC, LAC and AR=MR Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5) . The demand curve of consumers for the firm’s product,is indicated by_______ Answers Option 1 The average cost curve of a firm Option 2 The average cost curve of a an industry Option 3 The average revenue curve of an industry Option 4 The average revenue curve of firm Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6) Which one of the following statements is correct in connection with monopolistic competitions? Answers Option 1 Comparatively easy entry Option 2 Standardized product Option 3 Paucity of firm Option 4 D) All of the above. Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7) When the TR and STC curves are parallel, it shows the point where the monopolist reaches the_______ Answers Option 1 Best level of profit only Option 2 Best level of out put Option 3 Best level of rivals price Option 4 All of the above Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8) In the long -run, due to blocked entry pure profit can be made by________ Answers Option 1 Pure oligopolist Option 2 Pure monopolist Option 3 Pure duopolist Option 4 None of these Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9) The givenn figure represents Answers Option 1 Short-run equilibrium under perfect competition in the industry and firm Option 2 Long-run equilibrium under imperfect competition in the industry and firm Option 3 Long-run equilibrium under perfectly competition in the both industry and firm Option 4 Long-run equilibrium under oligopolistic competition in the industry only Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 10) At a particular price level,there are no forces tending to move it either up or down means_______ The firm is in equilibrium The price is in equilibrium The equilibrium price of the firm The equilibrium price and quantity of a firm Answers Option 1 1 and 4 Option 2 1 and 3 Option 3 4 only Option 4 1, 2 and 3 only Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Multi-choice 2 Question 1) If the monopoly profit where to add to costs so that costs equalled revenue,even if the average cost curve exclusive of profit was rising ,the average cost curve obtained from the first operative is______ Answers Option 1 Necessarily decreasing at the equilibrium output Option 2 Necessarily increasing at the equilibrium output Option 3 Necessarily increasing at the equilibrium price Option 4 Necessarily decreasing at the equilibrium price Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2) Average revenue curve should be kinked in______ Answers Option 1 Duopoly Option 2 Monopoly Option 3 None-collusive oligopoly Option 4 Collusive oligopoly Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3) The excess of TR over the TC is greatest at a point where a competitive firm will maximum_______ Answers Option 1 Availability of raw materials Option 2 Profits Option 3 Profits of the output Option 4 Production of the output Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4) In the below figure, A, B, and C represents Answers Option 1 SMC ,SAC and STC Option 2 LMC, SAC and AR=AC Option 3 LMC,LAC and AR=AC Option 4 LMC, LAC and AR=MR Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5) . The demand curve of consumers for the firm’s product,is indicated by_______ Answers Option 1 The average cost curve of a firm Option 2 The average cost curve of a an industry Option 3 The average revenue curve of an industry Option 4 The average revenue curve of firm Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6) Which one of the following statements is correct in connection with monopolistic competitions? Answers Option 1 Comparatively easy entry Option 2 Standardized product Option 3 Paucity of firm Option 4 D) All of the above. Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7) When the TR and STC curves are parallel, it shows the point where the monopolist reaches the_______ Answers Option 1 Best level of profit only Option 2 Best level of out put Option 3 Best level of rivals price Option 4 All of the above Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8) In the long -run, due to blocked entry pure profit can be made by________ Answers Option 1 Pure oligopolist Option 2 Pure monopolist Option 3 Pure duopolist Option 4 None of these Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9) The givenn figure represents Answers Option 1 Short-run equilibrium under perfect competition in the industry and firm Option 2 Long-run equilibrium under imperfect competition in the industry and firm Option 3 Long-run equilibrium under perfectly competition in the both industry and firm Option 4 Long-run equilibrium under oligopolistic competition in the industry only Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 10) At a particular price level,there are no forces tending to move it either up or down means_______ The firm is in equilibrium The price is in equilibrium The equilibrium price of the firm The equilibrium price and quantity of a firm Answers Option 1 1 and 4 Option 2 1 and 3 Option 3 4 only Option 4 1, 2 and 3 only Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Leave a Reply