CSS Economics Solved Mcqs


Q.  Economic rent can accrue to:

a. Land only
b. Capital only
c. Specialised technical personnel only
d. Any of the factors of production


ANSWER: See Answer
 
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MCQs:  A rise in supply and demand in equal proportion will result in:
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MCQs:  The price and sales of sugar both increase. What could be the cause of this?
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MCQs:  Which of the following is one of the assumptions of perfect competition.
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MCQs:  A firm under perfect competition is:
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MCQs:  Which of the following markets comes closet to perfect market.
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MCQs:  This kind of market is undesirable:
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MCQs:  Which is a condition for existence of monopoly:
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MCQs:  In case of monopoly:
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MCQs:  In case of perfect competition in the market:
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MCQs:  In the business world:
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MCQs:  Which is not true:
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MCQs:  The major difference between perfect competition and monopolistic competition is:
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MCQs:  Marginal revenue is always less than price at all levels of output in:
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MCQs:  Which of the following is not a characteristic of perfect competition?
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MCQs:  When marginal revenue is zero, total revenue:
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MCQs:  A firm decides to exit the industry when:
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MCQs:  In monopoly and perfect competition the cost curves are:
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MCQs:  Normal profit is called normal because:
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MCQs:  If a firm shuts down temporarily, it will incur loss equal to:
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MCQs:  Under perfect competition:
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