137.
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 If the consumer is at equilibrium and Price of commodity X and commodity Y are Rs.100 and Rs.80 respectively, and Marginal utility of commodity X is Rs. 120 then what must be the marginal utility of commodity Y
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 If the consumer is at equilibrium and Price of commodity X and commodity Y are Rs.100 and Rs.80 respectively, and Marginal utility of commodity X is Rs. 120 then what must be the marginal utility of commodity Y
Anonymous Quiz
12%
80
21%
66.66
53%
96
14%
Incorrect data
138.
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 In the diagram above, total utility is the area
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 In the diagram above, total utility is the area
Anonymous Quiz
24%
Above price line and below demand curve
39%
Total area below demand curve
33%
Area covered by the square
5%
None of above
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📣From today we are starting MCQ’s on Theory of cost and production
139.
🔸CHARTERED GURU🔸
🔸MCQ Series🔸 Which of the following activity is production in economics
🔸CHARTERED GURU🔸
🔸MCQ Series🔸 Which of the following activity is production in economics
Anonymous Quiz
12%
A farmer engaged in wheat / rice production activity
4%
A vegetable seller selling Vegitable on street
8%
A carpenter making tables and chairs from wood
77%
All of above
140.
🔸CHARTERED GURU🔸
🔸MCQ Series🔸 Which of the following is the best definition of production in economics
🔸CHARTERED GURU🔸
🔸MCQ Series🔸 Which of the following is the best definition of production in economics
Anonymous Quiz
4%
Extraction of resources from earth
26%
Changing the form of goods so as to make them suitable for users needs
66%
An act by which utility is either created or added to the goods and services
4%
None of above
141.
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 A trader who buys the goods from producer and sells them over a period of time, he is creating
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 A trader who buys the goods from producer and sells them over a period of time, he is creating
Anonymous Quiz
66%
Time utility
11%
Place utility
5%
Form utility
18%
All of above
142.
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 Which of the following is example of land in economics
🔸CHARTERED GURU🔸
🔸FREE MCQ Series🔸 Which of the following is example of land in economics
Anonymous Quiz
3%
Water
1%
Air
27%
Earth
70%
All of above
143.
🔸CHARTERED GURU🔸
🔸MCQ Series🔸 Which of the following is labour in economics
🔸CHARTERED GURU🔸
🔸MCQ Series🔸 Which of the following is labour in economics
Anonymous Quiz
2%
A chartered accountant preparing audit report for his client
24%
A coolie carrying luggage of passengers
2%
A bank manager engaged in sanctioning loans
72%
All of above