Test: Price And Output Determination- 2


30 Questions MCQ Test Economics for CA CPT | Test: Price And Output Determination- 2


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This mock test of Test: Price And Output Determination- 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 30 Multiple Choice Questions for CA Foundation Test: Price And Output Determination- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Price And Output Determination- 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Price And Output Determination- 2 exercise for a better result in the exam. You can find other Test: Price And Output Determination- 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Which of the following falls under micro economics?

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QUESTION: 2

For a monopolist, the necessary condition for equilibrium is : 

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QUESTION: 3

 Who defines Economics in terms of Dynamic Growth and Development?

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QUESTION: 4

 Under ________ market condition, firms make normal profit in the long run:

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QUESTION: 5

A study of how increase in the corporate income tax rate will affect the natural unemployment rate is an example of:

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QUESTION: 6

Mixed economy means:

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QUESTION: 7

Economic Problem arises when:

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QUESTION: 8

Micro Economics is concerned with:

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QUESTION: 9

The Kinked demand curve model explains the market situation 

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QUESTION: 10

 The kinked demand cure is observed in :

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QUESTION: 11

Kinked demand curve hypothesis is given by: 

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QUESTION: 12

Kinked demand curve is related to which market structure

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QUESTION: 13

Normative aspect of Economics is given by: 

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QUESTION: 14

Under which market structure, average revenue of a firm is equal to its marginal revenue :

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QUESTION: 15

If under perfect competition, the price line lies below the average cost curve, the firm would : 

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QUESTION: 16

Demand curve is equal to MR curve in which market?

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QUESTION: 17

Under which of the following market structure AR of the firm will be equal to MR?

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QUESTION: 18

Price taker firms _________

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QUESTION: 19

 Price discrimination is possible only when. 

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QUESTION: 20

 Which of these is the best example of oligopoly?

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QUESTION: 21

In the long run monopolist can 

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QUESTION: 22

 OPEC is an example of : 

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QUESTION: 23

When elasticity of demand is Equal to one in monopoly, marginal Revenue will be _______.

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QUESTION: 24

Oligopoly haring identical products is : 

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QUESTION: 25

 Price discrimination can take place only in _______.

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QUESTION: 26

The price discrimination under monopoly will be possible under which of the following conditions?

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QUESTION: 27

__________ type of curve is found in oligopoly.

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QUESTION: 28

Which market have characteristic of product differentiation?

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QUESTION: 29

 ____________________ is a ideal Market.

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QUESTION: 30

 __________ is the price at which demand for a commodity is equal to its supply: 

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The price at which quantity demanded of a commodity is equal to its quantity supplied is called the equilibrium price.