CSS Economics Solved Mcqs

Q.  Which of the following pairs of commodities is an example of substitutes?

a. Tea and sugar
b. Tea and coffee
c. Pen and ink
d. Shirt and trousers


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No explanation is available for this question!
MCQs:  The supply of a commodity refers to:
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MCQs:  Which cost increases continuously with the increase in production?
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MCQs:  Which of the following cost curves is never Un-shaped?
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MCQs:  Total costs in the short-term are classified into fixed costs and varibale costs. Which one of the following is a variable cost?
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MCQs:  In the short term, when the output of a firm increases, its average fixed cost:
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MCQs:  A significant property of the Cobb - Douglas production function is that the elasticity of substitution between inputs is:
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MCQs:  The production techniques are technically efficient:
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MCQs:  Which of the following is not a feature of iso-product curves? Iso-product curves:
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MCQs:  Some economists refer to iso-product curves as:
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MCQs:  Which one of the following is also known as plant curves?
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MCQs:  What is the shape of the average fixed cost (AFC) curve?
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MCQs:  An increase in the supply of a commodity is caused by:
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MCQs:  Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its:
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MCQs:  The cost of one thing in terms of the alternative given up is known as:
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MCQs:  According to current thinking, the law of diminishing returns applies to:
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MCQs:  Identify the correct statement:
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MCQs:  With which of the following is the concept of marginal cost closely related?
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MCQs:  According to M. Kalecki, the true measure of the degree of monopoly power is the:
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MCQs:  A monopolist is able to maximize his profit when:
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MCQs:  Which of the following is not an essential condition of pure competition?
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