Assertion Reason MCQs of Revenue Microeconomics Class 12

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

Assertion Reason Multiple Choice Questions of Revenue 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 the Total Revenue (TR) curve is a positively sloped straight line.

Reason (R): In the case of constant prices, MR is constant, i.e., TR increases at a constant rate.

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 – a)

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

Assertion (A): Total Revenue is at its maximum point when marginal revenue is zero

Reason (R): When every additional unit is sold at the same price, Marginal Revenue = Average Revenue

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): Total Revenue (TR) curve always starts from the origin

Reason (R): TR is 0 at zero level of output

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 – a)

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

Assertion (A): When MR becomes negative, TR starts falling.

Reason (R): When price falls with rise in output, then MR is more than AR.

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)

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