Matching Type MCQs of Producers Equilibrium Microeconomics class 11

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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 – AColumn – B
i) When price remains constantA) Price > MC at the equilibrium level
ii) When price falls with rise in outputB) 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 – AColumn – B
i) ProfitA) MC = MR and MC greater than MR after MC = MR output level
ii) When Price remains constantB) When price Falls with rise in output
iii) At Producer’s EquilibriumC) Excess of receipts from the sale of goods over the expenditure incurred on producing them.
iv) Price is more than MC at the equilibrium levelD) 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)

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