CSS Economics Solved Mcqs


Q.  With which of the following is the concept of marginal cost closely related?

a. Variable cost
b. Fixed cost
c. Implicit cost
d. Explicit cost


ANSWER: See Answer
 
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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:  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:  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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