Matching Type MCQs of Producers Equilibrium Microeconomics class 11
Looking for important matching type MCQs of Producers Equilibrium chapter with answers of Microeconomics class 11 CBSE, ISC, and state Board.
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) When price remains constant | A) Price > MC at the equilibrium level |
| ii) When price falls with rise in output | B) Price = MC at the equilibrium level |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Profit | A) MC = MR and MC greater than MR after MC = MR output level |
| ii) When Price remains constant | B) When price Falls with rise in output |
| iii) At Producer’s Equilibrium | C) Excess of receipts from the sale of goods over the expenditure incurred on producing them. |
| iv) Price is more than MC at the equilibrium level | D) Price is equal to MC at the equilibrium level |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – A, iii – D, iv – C
c) i – C, ii – D, iii – A, iv – B
d) i – D, ii – C, iii – B, iv – A
Ans – c)
