Home

When SAC curve rises, SMC curve lies its:

A. Below

B. Above

C. Equal level

D. None of the above

Correct Answer : B.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Softwares MCQ Power Plant Engineering MCQ Active and Passive Voice MCQ Phylum - Porifera MCQ Noble Gases MCQ Basics of Economics MCQ Chemical Kinetics MCQ Phylum - Aves (Birds) MCQ Thermodynamics MCQ Neurology MCQ Java Programming MCQ General Software MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..
You can do it
  1. In perfectly competitive markets, the profit maximization rule can be represented by:
  2. Demand is elastic when the coefficient of elasticity is:
  3. Capital and Development Planning is the work of:
  4. The production function of homogeneous of degree one (n=1) is also called:
  5. An inferior commodity is one whose quantity demand decreases when income of the consumer:
  6. The consumer is in equilibrium at the where:
  7. The factors of production in perfect competition are:
  8. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  9. The fundamental choices that a society must make about the use of its resources include:
  10. Implicit costs are the costs:
  11. Under the law of variable proportions, the average and the marginal product of the variable factor would…
  12. In dominant strategies I am doing the best, I can no matter:
  13. The long run average cost curve is the envelope of:
  14. The necessary condition of firms equilibrium requires:
  15. LMC represents change in LTC (long-run total cost) due to producing an additional unit of a good while…
  16. Total variable cost curve:
  17. Most of the supply curves with which the average consumer deals are:
  18. The monopolist often lead to exploitation of:
  19. When the demand curve is rectangular hyperbola, it represents:
  20. The critics of Sweezy model say that kink generates:
  21. If in the long run, output increases in the same proportion as increase in all the input in the given…
  22. When elasticity of demand is greater than one (e >1), then following the formula MR=P[1-1/e], the MR…
  23. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  24. The costs faced by the firm against variable factors are:
  25. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  26. In centralized cartel, the firms are like:
  27. The ordinary demand curve is also called:
  28. The ordinal approach was presented by:
  29. According to Marshal, the Law of Diminishing Returns is applicable to:
  30. Which of the following is not a characteristic of a perfectly competitive market?