CBSE Class 11 Economics Market Equilibrium Quiz 4

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CBSE › Class 11 › Economics › Market Equilibrium

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1. Which is not a condition for equilibrium of a monopoly form ?

A Average Revenue = Marginal Cost B Marginal Revenue = Marginal Cost C Marginal Cost should cut the Marginal Revenue Curve from below D Both (b) and (c)

2. In perfect competition, these is……. profit

A Normal B Maximum C Zero D None of these

3. A Seller Cannot influence the market price under:

A Perfect Competition B Monopoly C Monopolistic Competition D All of these

4. Which determines the equilibrium price ?

A Demand B Supply C Both (a) and (b) D None of the above

5. Which is the component of factor price determination ?

A Rent B Wages C Interest D All of these

6. Price of a goods is determined at a point where :

A Demand > Supply B Demand < Supply C Demand = Supply D None of these

7. None of these Rent is = ?

A Actual Income – Transfer Earnings B Actual Income + Transfer Earnings C Transfer Earnings D None of these

8. Which of the following is correct ?

A Labour Demand comes from producer B Demand of labour depends on its productivity. C Marginal productivity of labour is its maximum wage D All the above

9. Main feature of perfectly competitive market is:

A Uniform price B Homogeneous product C Large number of buyers and sellers D All of the above.

10. The market in which there is free entry and exit is:

A Monopolistic competition market B Imperfect competition market C Perfect competitions market D None of these.

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