CSS Economics Solved Mcqs

Q.  Which one is not a assumption of the theory of demand based on analysis of indifference curves?

a. Given scale of preferences as between different combinations of two goods
b. Diminishing marginal rate of substitution
c. Constant marginal utility of money
d. Consumers would always prefer more of a particular good to less of it, other things remaining the same


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Elasticity of supply refers to the degree of responsiveness of supply of a commodity to changes in its:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The cost of one thing in terms of the alternative given up is known as:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  According to current thinking, the law of diminishing returns applies to:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Identify the correct statement:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  With which of the following is the concept of marginal cost closely related?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  According to M. Kalecki, the true measure of the degree of monopoly power is the:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  A monopolist is able to maximize his profit when:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which of the following is not an essential condition of pure competition?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  What is the shape of the demand curve faced by a firm under perfect competition?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which is the first-order condition for the profit of a firm to be maximum?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  In which form of the market structure in the degree of control over the price of its product by a firm very large?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which is the other name that is given to the average revenue curve?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Under which of the following forms of market structure does a firm have no control over the price of its product?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which one of the following is the condition of equilibrium for the monopolist?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The situation of monopolistic competition is created by:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Discriminating monopoly implies that the monopolist charges different prices for his commodity:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which of the following oligopoly models is concerned with the maximization of joint profits?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  The Kinky demand curve hypothesis is designed to explain in the context of oligopoly:
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts
MCQs:  Which form of market structure is characterised by interdependence in decision-making as between the different competing firms?
Category: Central Superior Service Test Mcqs (CSS),   Published by: T-Code Scripts