1. We mainly study the following in Micro-Economics-

A) Economic conditions of a section of the people
B) General price level
C) balance payments
D) Employment and economic growth



2. Which of the following is an example of internal diseconomies?

A) High salary of firm
B) High tax for industry
C) Low tax for industry
D) Labour â?? management disputes in firm



3. Which of the following is an example of External economies?

A) Low salary of firm
B) tax exemption for industry
C) High tax for industry
D) Labour â?? management disputes of firm



4. With which of the following is the concept of marginal cost closely related?

A) Variable cost.
B) Fixed cost.
C) Opportunity cost.
D) Economic cost.



5. Which of the following does not have non linear shape?

A) Total cost curve
B) Total Variable cost curve
C) Total fixed cost curve
D) None of above