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PPSC Economics Topic 2 Micro Economics
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Total Questions20
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Time Allowed20
PPSC Economics Topic 2 Micro Economics
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Question # 1
If average variable cos tis less then marginal cost then certainly.
Question # 2
Last week, Martha spend one day cleaning a house for this she was paid $50 The rest of the week, she spend looking for a job Martha would be callsified as.
Question # 3
The "Law of demand" most directly means that consumers buy
Question # 4
In the long run a profit maximizing firm will choose to exit a market when
Question # 5
Which of the following will not be a determinant of the price elasticity of demand for a commodity.
Question # 6
change in quantity demanded
Question # 7
A production possibilities curve indicates that when resources are being used efficiently
Question # 8
A utility contour shows all the alternative combinations of two consumption goods that.
Question # 9
For commodities, X and Y, the possibilities are X is preferred to Y , Y is preferred to X or X and Y are equally preferred, In indifference curve analysis, this is known as the.
Question # 10
The income elasticity of demand
Question # 11
"The quantity demanded increases as its price increases and falls as its price falls" is called given goods, is presented by.
Question # 12
The demand for labor is the same as the
Question # 13
A normal good can be defined as one which consumers purchase more of as.
Question # 14
As long as all prices remain constant an increase in money income results in.
Question # 15
Indifference curve theory is old wine in new labeled bottle is said by.
Question # 16
A monopsony is
Question # 17
When Daimler Benz maker of the Mercedes bought Chrysler the merger was
Question # 18
In order to practice price discrimination which of the following is needed.
Question # 19
A firm A's break even quantity is.
Question # 20
A Market situation where the number of buyers is very large and the number of sellers are very small is called.
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Biology Chapter 1 MCQ - PDF
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Download PDF with answers to study online or offline. The PDF cotnains all MCQ questions with answers for Class 10 Biology Chapter 1 - Acids and Liquids. Total questions are 12.