CA-CPT Test on Economics

Under perfect competition (when input prices are external and there are no external economies or diseconomies), the industry supply curse is derived by


"The LAC curve is tangent to the SAC (short run average cost) curve


Rectangular hyperbola is the shape of


"The LAC curve is tangent to the SAC (short run average cost) curve


The price of the commodity is under constant consideration while drawing


Which of the following statements is not true about positive and normative science?


A change in the supply of a commodity alongwith same supply curve may occur due to


Which of the following is an important message that a production possibility curve conveys to an economy ?















Description:

It is a test related to CPT Economics........ you will get solutions at the end of the test...... these are the questions which are frequently asked in the CPT exams........... you can get extra questions also in this test..................................................................................................................................................................

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