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Economics Past Questions and Answers

Economics Questions

Question 3416:
When the marginal product is negative,the total product will be
  • A Constant
  • B At a maximum
  • C Increasing
  • D Decreasing
View Answer & Explanation
Question 3417:
Physical productivity is affected by all the under listed factors except the
  • A State of technology
  • B Quantity of inputs
  • C Quality of inputs
  • D Price of output
View Answer & Explanation
Question 3418:
If a commodity has a high marginal utility, its market price will be
  • A Stable
  • B High
  • C Zero
  • D Constant
View Answer & Explanation
Question 3419:
Price fluctuation is a feature of
  • A Common market
  • B Imperfect market
  • C Supermarkets
  • D Market failure
View Answer & Explanation
Question 3420:
Which of the following statements is not a feature of a monopoly?
  • A Seller is allowed to fix his own price
  • B Buyers and sellers are price takers
  • C New entrances are restricted
  • D There is only one seller of the commodity
View Answer & Explanation