Microeconomics Multiple Choice Questions and Answers for Practice

Microeconomics MCQ Questions for Practice

16. On the market with perfect competition

17. Suppose the price of a good decreases by 10% and the quantity demanded for a certain period of time increases by 15%. In these conditions:

18. Suppose the supply for product A is perfectly elastic. If the demand for this product increases:

19. The following data is given for a company: material costs 89 mil; working capital 45 mil; indirect salaries 10 mil; fixed costs 90 mil.; variable costs 52 mil. Calculate fixed material costs and depreciation:

20. The indifference curve means:

21. The points located at the intersection of the budget line with the coordinate axes mean:

22. The price of the product A was reduced from 100 to 90 lei and, as a result, the quantity demanded has increased from 70 to 75 units. The demand is:

23. The total utility coincides with the marginal utility:

24. There are differences between monopolistic and perfect competition regarding:

25. Which of the following statements are false?

26. Which of the following statements is false:

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Multiple Choice Questions and Answers on Microeconomics

Microeconomics Multiple Choice Questions and Answers

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Microeconomics Question and Answer PDF Online


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