CSS Economics Solved Mcqs

Q.  Which is the other name that is given to the average revenue curve?

a. Profit curve
b. Demand curve
c. Average cost curve
d. Indifference curve


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MCQs:  The classical theory explained interest as a reward for:
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MCQs:  According to Joseph Schumpeter, profit is the reward for:
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MCQs:  The term 'normal profit' as used in the analysis of equilibrium of the firm under perfect competition, refers to:
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MCQs:  Who argued that pure profit can arise only in a dynamic economy?
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MCQs:  A decrease in demand causes the equilibrium price to:
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MCQs:  When price is below equilibrium level, there will be:
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MCQs:  If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:
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MCQs:  Price of a product is determined in a free market:
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MCQs:  An increases in the price of mutton provides information which:
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MCQs:  In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the rights. Then:
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MCQs:  Equilibrium:
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MCQs:  Ten rupees is the equilibrium price for good X. If government fixes price at Rs. 5, there is:
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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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