InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
In monopolistic competionA. MR `lt` ARB. MR`gt`ARC. MR=ARD. none of these |
| Answer» Correct Answer - A | |
| 2. |
Price of a commodity isA. TRB. MRC. ARD. none of these |
| Answer» Correct Answer - C | |
| 3. |
MR curve is parallel to X-axis becauseA. Price fallsB. price risesC. price fluctuatesD. price remains uniform |
| Answer» Correct Answer - D | |
| 4. |
As long as MR is positive TRA. decreasesB. increasesC. remains constantD. none of these |
| Answer» Correct Answer - B | |
| 5. |
Demand curve under monopolistic competition isA. more elastic as compared to monopolyB. unitary elasticC. perfectly elasticD. perfectly inelastic. |
| Answer» Correct Answer - A | |
| 6. |
When a firm sells more at the uniform price, TR :A. increases at falling rateB. incraeses at rising rateC. increases at constant rateD. none of these |
| Answer» Correct Answer - C | |
| 7. |
When MR rises, TR rises at _______rate.A. fallingB. increasingC. constantD. all of these |
| Answer» Correct Answer - B | |
| 8. |
When 5 units of a good are sold, TR is Rs 100. when 6 units are sold, MR is Rs 8 . At what price are 6 units sold ?A. Rs 28 per unitB. Rs 20 per unitC. Rs 18 per unitD. Rs 12 per unit |
| Answer» Correct Answer - C | |
| 9. |
AR and price are always equal under :A. perfect competion onlyB. monopolistic competion onlyC. monopoly onlyD. all market forms |
| Answer» Correct Answer - D | |
| 10. |
In which form of market is the demand of a firm perfectly elastic :A. monopolyB. perfect competionC. monopolistic completionD. oligopoly |
| Answer» Correct Answer - B | |