Economics Mcqs — Test 20
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Question 1
The limit on the consumption bundles that a consumer can afford is known as ?
Question 2
indifference curves for perfect substitutes are ?
Question 3
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
Question 4
Which of the following statements is not true with regard to the standard properties of indifference curves ?
Question 5
Which of the following is true about the consumer’s optimum consumption bundle? At the optimum ?
Question 6
If an increase in a consumer’s income causes the consumer to increase his quantity demand of a good, then the good is ?
Question 7
Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?
Question 8
In monopolistic competition ?
Question 9
Which of the following is not one of the four Ps in marketing ?
Question 10
In monopolistic competition of firms are making abnormal profit other firms will enter and ?