CBSE Class 11 The Theory of the Firm under Perfect Competition Multiple Choice Questions with Answers. MCQ Questions Class 11 The Theory of the Firm under Perfect Competition with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 The Theory of the Firm under Perfect Competition with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 The Theory of the Firm under Perfect Competition with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 The Theory of the Firm under Perfect Competition with Answers. You can also verify your answers from the provided MCQ Class 11 The Theory of the Firm under Perfect Competition with Answers. So, ace up your preparation with MCQ of Class 11 Economics Examinations.
MCQ Questions Class 11 The Theory of the Firm under Perfect Competition with Answers - Set - 5
Question 1:Â
A firm is able to sell any quantity of a good at a given price. The firm’s marginal revenue will be:Â
(a) Greater than Average Revenue
(b) Less than Average Revenue
(c) Equal to Average Revenue
(d) Zero
Correct Answer – (C)
Question 2:Â
When both demand and supply decrease in the same proportion, then the equilibrium quantity will:
(a) Remain the same
(b) Rise
(c) Fall
(d) None of the above
Correct Answer – (C)
Question 3:Â
Marginal revenue of a firm is constant throughout under:Â
(a) Perfect competition
(b) Monopolistic co
(c) Oligopoly
(d) All the above
Correct Answer – (A)
Question 4:Â
At a price below the equilibrium price, there is:
(a) Excess supply
(b) Excess demand
(c) Ceiling
(d) Flooring
Correct Answer – (B)
Question 5:Â
There are only a few sellers underÂ
(a) Perfect Competition
(b) Monopolistic competition
(c) Monopoly
(d) Oligopoly
Correct Answer – (C)
MCQ Questions Class 11 The Theory of the Firm under Perfect Competition With Answers
Question 6:Â
When both demand and supply decreases in the same proportion, then equilibrium price will:
(a) Remain the same
(b) Rise
(c) Fall
(d) None of the above
Correct Answer – (A)
Question 7:Â
A seller cannot influence the market price underÂ
(a) Perfect Competition
(b) Monopoly
(c) Monopolistic competition
(d) All of the above
Correct Answer – (A)
Question 8:Â
When both demand and supply increases in the same proportion then equilibrium price will:
(a) Remain the same
(b) Rise
(c) Fall
(d) None of the above
Correct Answer – (A)
Question 9:Â
At a price above the equilibrium price, there is:
(a) Excess supply
(b) Excess demand
(c) Ceiling
(d) Flooring
Correct Answer – (A)
Question 10:Â
When increase in demand in more than increase in supply, then equilibrium quantity will:
(a) Remain the same
(b) Rise
(c) Fall
(d) None of the above
