MCQs Microeconomics Questions 3

The post is about Economics and MCQs Microeconomics Questions with answers. There are 20 multiple-choice type questions covering the topics related to the marginal cost, elasticity, cost, marginal revenue, average cost, perfectly elastic demand curve, marginal returns, monopolistic competitive market structure, revenue, fixed costs, profit, demand, substitute goods, and elasticity of demand. Let us start with the MCQs Microeconomics Questions with answers.

Online MCQS Microeconomics Questions with Answers

1. Which of the following is a characteristic of a perfectly competitive firm in the short run?

 
 
 
 

2. What is the formula for calculating profit in economics?

 
 
 
 

3. In economics, what is the “production function”?

 
 
 
 

4. What is the formula for calculating average fixed cost (AFC)?

 
 
 
 

5. Which of the following is a characteristic of a monopolistically competitive market structure?

 
 
 
 

6. What is the formula for calculating average revenue (AR)?

 
 
 
 

7. What is the primary objective of a firm’s pricing strategy?

 
 
 
 

8. What is the formula for calculating average variable cost (AVC)?

 
 
 
 

9. What is the formula for calculating marginal revenue (MR)?

 
 
 
 

10. What is the formula for calculating consumer surplus?

 
 
 
 

11. What is a “complementary good” in economics?

 
 
 
 

12. Which of the following is a characteristic of perfect competition?

 
 
 
 

13. What is the formula for calculating economic profit?

 
 
 
 

14. Which of the following is a characteristic of a public good?

 
 
 
 

15. Which of the following is NOT a determinant of supply?

 
 
 
 

16. What is the formula for calculating marginal cost (MC)?

 
 
 
 

17. Which of the following is an example of a common resource in economics?

 
 
 
 

18. Which of the following is a characteristic of a competitive firm in the long run?

 
 
 
 

19. Which of the following is an example of a variable cost for a firm?

 
 
 
 

20. Which of the following is a characteristic of a competitive market in the long run?

 
 
 
 

Online MCQs Microeconomics Questions with Answers

  • What is the formula for calculating marginal cost (MC)?
  • Which of the following is a characteristic of a competitive firm in the long run?
  • Which of the following is a characteristic of a monopolistically competitive market structure?
  • What is the formula for calculating average variable cost (AVC)?
  • Which of the following is an example of a variable cost for a firm?
  • Which of the following is an example of a common resource in economics?
  • What is the primary objective of a firm’s pricing strategy?
  • What is the formula for calculating profit in economics?
  • Which of the following is a characteristic of perfect competition?
  • What is the formula for calculating marginal revenue (MR)?
  • In economics, what is the “production function”?
  • Which of the following is a characteristic of a public good?
  • What is the formula for calculating consumer surplus?
  • Which of the following is NOT a determinant of supply?
  • What is the formula for calculating economic profit?
  • Which of the following is a characteristic of a perfectly competitive firm in the short run?
  • What is a “complementary good” in economics?
  • What is the formula for calculating average revenue (AR)?
  • Which of the following is a characteristic of a competitive market in the long run?
  • What is the formula for calculating average fixed cost (AFC)?
MCQs Microeconomics Questions with Answers

R Frequently Asked Questions

Sentence Completion GRE Quiz 12

The post is about the English Sentence Completion GRE Quiz. There are 20 multiple-choice questions from the GRE Section verbal ability test related to sentence completion to fill in the blanks. Select the appropriate word or a pair of words that will best complete the sentence’s meaning. Let us start with the GRE English Sentence Completion GRE Quiz Now.

Please go to Sentence Completion GRE Quiz 12 to view the test

Online Sentence Completion GRE Quiz with Answers

  • I can point out several ————- in your reasoning.
  • Modern science has made ————— advance.
  • I breathed a sigh of ————– when I heard he was safe.
  • He was ————— a member of the assembly.
  • That new law went into ———— last month.
  • The ————- from the mountain is dangerous.
  • The —————- of the rocket was so swift that it was out of sight in a few seconds.
  • Thermometer is a ————– to measure one’s temperature.
  • Milk is a —————- food.
  • What a ———— you were not hurt in the accident.
  • A gentle ————- was blowing.
  • His argument is quite —————-.
  • So long you are not well avoid ————– exercise.
  • We were caught in the storm and got —————.
  • The government must hold a ———— inquiry.
  • The ————– of the headlights of the car almost blinded me.
  • The chair is in the garden; please ————– it.
  • Urge people who smoke to ————— the habit.
  • Napoleon’s army was completely ————— in the battle of Waterloo.
  • We have ————— trust in you.
Online Sentence Completion GRE Quiz with Answers

Statistics and Data Analysis

English Sentence Completion Test 11

The post is about MCQs GRE English Sentence Completion Test. There are 20 multiple-choice questions from the GRE Section verbal ability test related to sentence completion to fill in the blanks. Select the appropriate word or a pair of words that will best complete the sentence’s meaning. Let us start with the GRE English Sentence Completion Test Now.

Please go to English Sentence Completion Test 11 to view the test

MCQS GRE English Sentence Completion Test with Answers

  • The poor —————– of the village lived in huts.
  • He uttered a lie and this ————— his father’s anger.
  • The police made on —————- arrangement for the safety of the passengers.
  • Who —————– the South Pole?
  • In summer the water in the wells ————– rapidly.
  • In the office, he is not in the good books of his —————.
  • ————- is not good for health.
  • In fact, a man learns more from his ——————.
  • Rising prices have made it difficult to maintain a good ————- of living.
  • Writing books is not a ————— career.
  • He died before he could complete his ————–.
  • I want a place where I can work without —————-.
  • It is the —————– who succeeds in the long run.
  • It is difficult to spell his name ————–.
  • We decided to —————- to the schedule as it was originally planned.
  • We ————– when we came to know that he escaped unhurt.
  • We consoled the —————- mother as best as we could.
  • His proposal fell out for ————- support.
  • Virtue is its own —————-.
  • He is fond of ————— jokes.

For Sentence Completion, one may follow

  • First, read the sentence carefully to get a feel and idea about its meaning.
  • Before you look at the choices/options, think of a word that makes sense.
  • Look at all the possible answers before you make your final choice.
  • Watch out for negative words and prefixes.
  • Use your knowledge of context clues to get at the meanings of unfamiliar words.
  • Break down unfamiliar words into recognizable parts.
  • Watch for signal words that link one part of the sentence to another.
  • Look for words that signal the unexpected.
MCQs English Sentence Completion Test with Answers

MCQs in Statistics