Online Quiz about the subject of Intermediate Microeconomics MCQs. There are 20 MCQs in each quiz. These quizzes will help you prepare Economics and Microeconomics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Click the link below to start with the Intermediate Microeconomics Quiz.
Online Intermediate Microeconomics MCQs with Answers
Intermediate Microeconomics MCQs
- In economics, what does the term “economic rent” refer to?
- Which of the following is an example of a non-excludable good?
- What is the formula for calculating total revenue (TR)?
- Which of the following is a characteristic of a pure monopoly market structure?
- What is the formula for calculating the elasticity of supply?
- Which of the following is a characteristic of a competitive firm in the short run?
- What is the formula for calculating the price elasticity of demand (PED)?
- Which of the following is a characteristic of a natural monopoly?
- What is the primary determinant of the level of profit a firm can earn in the short run?
- What is a “patent” in economics?
- Which of the following is NOT a characteristic of a pure monopoly market structure?
- What is the formula for calculating total variable cost (TVC)?
- In economics, what does the term “perfectly elastic demand” mean?
- Which of the following is an example of a non-rivalrous good?
- What is the formula for calculating the cross-price elasticity of demand (XED) between two goods A and B?
- Which of the following is a characteristic of a perfect competition market structure?
- What is the primary determinant of the elasticity of demand for a good?
- Which of the following is an example of a private good?
- What is the formula for calculating marginal product (MP)?
- Which of the following is a characteristic of a perfectly competitive market in the short run?
