Online Quiz about the subject of Microeconomics Basics Quiz MCQs. There are 20 MCQs in each quiz. This quiz will help you prepare Economics and Microeconomics Basics Quiz 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 Basics Quiz.
Online Microeconomics Basics Quiz with Answers
Online Microeconomics Basics Quiz with Answers
- What is the formula for calculating average product (AP)?
- Which of the following is a characteristic of a public good?
- What is the formula for calculating price elasticity of supply (PES)?
- Which of the following is a characteristic of a natural monopoly?
- What is the formula for calculating producer surplus?
- Which of the following is NOT a characteristic of a pure monopoly market structure?
- What is the formula for calculating the price elasticity of supply (PES)?
- Which of the following is a characteristic of a natural monopoly?
- What is the formula for calculating producer surplus?
- What is the formula for calculating economic rent?
- Which of the following is a characteristic of a perfectly elastic demand curve?
- What is the formula for calculating economic surplus?
- Which of the following is NOT a characteristic of a monopolistic competitive market structure?
- What is the formula for calculating marginal revenue (MR)?
- 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 formula for calculating total revenue (TR)?
- In economics, what is the “production function”?
- Which of the following is NOT a characteristic of perfect competition?
