CBSE Class 11 Economics Production and Costs Quiz 4

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CBSE › Class 11 › Economics › Production and Costs

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1. In which market MR may become zero or negative ?

A Monopoly B Monopolistic Competition C Both (a) and (b) D Perfect Competition

2. In which market AR = MR ?

A Monopoly B Monopolistic Competition C Both (a) and (b) D Perfect Competition

3. In monopoly and monopolistic competition :

A AR = MR B AR > MR C AR < MR D None of these

4. To which market, following figure belongs ?

A Perfect Competition B Monopoly C Monopolistic Competition D None of the above

5. With which condition, firm will get maximum profit ?

A Where MR = MC B Where MC cuts MR from below C Both (a) and (b) D None of the above

6. In perfect competition, which of the following remains constant ?

A AR B MR C Both AR and MR D None of the both

7. In perfect competition:

A AR = MR B AR > MR C MR < MC D MR = MC = 0

8. When 5 units of a goods are sold, total revenue is Rs. 100. When 6 units are sold, marginal revenue is Rs. 8. At what price are 6 units sold ?

A Rs. 28 per unit B Rs. 20 per unit C Rs. 18 per unit D Rs. 12 per unit

9. MR is shown as:

A \(\frac { ΔTR }{ ΔQ }\) B \(\frac { TR }{ Q }\) C \(\frac { ΔAR }{ Q }\) D None of these

10. AR is shown as:

A \(\frac { TR }{ Q }\) B \(\frac { ΔQ }{ P }\) C \(\frac { ΔTR }{ ΔQ }\) D None of these

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