Microeconomics | MCQs

    Q11: Total revenue equals?

    کل آمدنی برابر ہے؟
    • A. Total cost minus profit
    • B. Profit per unit of output
    • C. Price times quantity
    • D. Marginal revenue times marginal cost

    Q12: Given own price elasticity equal to -2.5 implies that if the price of the good increase by Rs.10 then the quantity demanded of the good?

    اپنی قیمت کی لچک کو -2.5 کے برابر دینے کا مطلب یہ ہے کہ اگر سامان کی قیمت میں 10 روپے کا اضافہ ہوتا ہے تو اچھی کی مانگ کی گئی مقدار؟
    • A. Will decrease by 2.5%
    • B. None of these
    • C. Will decrease by 2.5 units
    • D. Will decrease by 25%

    Q13: When both the demand and the supply curves shift to the right due to any reason then?

    جب طلب اور رسد دونوں کسی وجہ سے دائیں طرف شفٹ ہو جائیں تو پھر؟
    • A. Quantity traded increases for sure but prices remain constant
    • B. The quantity traded and price of the good increase for sure
    • C. Quantity traded increases for sure but prices decrease
    • D. Quantity traded increases for sure but nothing could be said about prices

    Q14: A profit maximizing firm under perfect competition will produce?

    کامل مقابلہ کے تحت زیادہ سے زیادہ منافع بخش فرم پیدا کرے گی؟
    • A. Only in the first stage of production
    • B. Never in the range where MP is diminishing
    • C. Never in the range where AP is diminishing
    • D. Always in the range where MP is diminishing

    Q15: Who is considered the founder of Microeconomics?

    • A. John Kenyans
    • B. Milton
    • C. Adam Smith
    • D. Both a &b
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