Assertion Reason MCQs of Producers Equilibrium Microeconomics Class 11

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Looking for Assertion Reason MCQs of Producers Equilibrium chapter with answers and explanation of Microeconomics class 11 CBSE, ISC, and other State Boards.

Assertion Reason Multiple Choice Questions of Producers Equilibrium with answers of Microeconomics class 11

Let’s Practice

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): When price remains the same at all levels of output, then Price = MC at the equilibrium level.

Reason (R): When MC is greater than MR after equilibrium, it means producing more will lead to a decline in profits.

Alternatives:

a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True

Ans – b)

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): The state of the Producer’s Equilibrium either reflects maximum profits or minimum losses.

Reason (R): When MC > MR after equilibrium, it means producing more will lead to rise in profits.

Alternatives:

a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True

Ans – c)

Read the following statements: Assertion (A) and Reason (R). Choose one of the correct alternatives given below:

Assertion (A): A firm is at equilibrium when MR = MC and beyond that level of output, MC must be falling

Reason (R): MC curve should cut MR curve from below to achieve Producer’s Equilibrium.

Alternatives:

a) Both Assertion and Reason are true and Reason (R) is the correct
explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct
explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True

Ans – d)

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