M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

All Topics  4423

In perfect competition ?
A The products firm offer is very similar
B Products are heavily differentiated
C A few firms dominate the market
D Consumer have limited information
Correct Answer: The products firm offer is very similar
In perfect competition ?
A The price equals the marginal revenue
B the price equals the average variable cost
C the fixed cost equals the variable costs
D the price equals the total cost
Correct Answer: The price equals the marginal revenue
A competitive firm produces a level of output at which ?
A Price is greater than marginal cost
B price equals marginal cost
C price is less than marginal cost
D None of the above
Correct Answer: price equals marginal cost
A competitive firm demand curve is ?
A Horizontal
B vertical
C downward sloping
D elastic
Correct Answer: Horizontal
In a competitive industry each buyer and seller ?
A is a price taker
B Producer different products
C Believes that can influence price
D Prevents the entry of competitors
Correct Answer: is a price taker
Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?
A decreasing returns to scale
B The law of diminishing returns
C constant returns to scale
D an inefficient production technique
Correct Answer: The law of diminishing returns
The short run marginal cost curve cuts the short run total cost curve and short run average variable cost curve ?
A At their lowest points
B When they are declining
C When they are increasing
D When marginal revenue is zero
Correct Answer: At their lowest points
The firms long run output decision will be where ?
A long run average cost is lowest
B marginal revenue equals output
C marginal revenue equals long run marginal cost
D marginal cost equals output
Correct Answer: marginal revenue equals long run marginal cost
If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?
A Efficient scale
B Average efficient scale
C Maximum efficient scale
D Minimum efficient scale
Correct Answer: Minimum efficient scale
Decrease returns to scale means that _____ as ______?
A Short run marginal cost rises, output rises
B long run marginal cost rises, output rises
C Short run average cost rises, output rises
D long run average cost rises, output rises
Correct Answer: long run average cost rises, output rises
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.