Partial Equilibrium Analysis Quizzes Online MCQs PDF Download 65
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"At equilibrium consumption levels, marginal rates of substitution are supposed to be", partial equilibrium analysis Multiple Choice Questions (MCQ) with choices equal, zero, shifted, and identical to learn online training courses. Learn demand and supply, offer curves and terms of trade questions and answers with free online certification courses for online business and administration degree.
Partial Equilibrium Analysis Questions and Answers PDF Download 65
MCQ: At equilibrium consumption levels, marginal rates of substitution are supposed to be
- zero
- equal
- shifted
- identical
D
MCQ: "Do unto others as you would have them do unto you" is the best reflection of
- externality
- positive externality
- public good
- internalizing the externality
D
MCQ: The cost of production gets more effective when it is dealing with a single
- seller
- buyer
- firm
- producer
D
MCQ: For each point on the PPF, there will be different ratio of its absolute value that is known as
- marginal rate of transformation
- marginal rate of technical substitution
- marginal rate of substitution
- marginal opportunity costs
A
MCQ: The type of good whose demand declines as the level of income or real GDP in the economy increases is known as
- inferior good
- luxurious good
- bad good
- normal good
A