Latest Posts


Latest Posts

65 tough and technically challenging multiple-choice questions related to market structure in economics at the university undergraduate level, along with detailed explanations of the answers

**1.** In a perfectly competitive market, firms are considered:     a) Price makers     b) Price takers     c) Price negotiators     d) Pric...

CEM TUTORS 15 Sept, 2023

35 tough and highly challenging multiple-choice questions related to market structure in economics at the university undergraduate level, along with detailed explanations of the answers

35 tough and highly challenging multiple-choice questions related to market structure in economics at the university undergraduate level, al...

CEM TUTORS 15 Sept, 2023

Explain market structure

Market structure is a fundamental concept in economics that describes the characteristics and organization of markets where goods and servic...

CEM TUTORS 15 Sept, 2023

35 mind-cracking multiple-choice questions related to cost and production theory in economics at the university undergraduate level, along with detailed explanations of the answers

**1.** What cost concept represents the change in total cost resulting from producing one additional unit of output?     a) Average total co...

CEM TUTORS 15 Sept, 2023

35 technical multiple-choice questions related to cost and production theory in economics at the university undergraduate level, along with detailed explanations of the answers

**1.** What term describes a situation where a firm experiences decreasing per-unit costs as production increases?     a) Diseconomies of sc...

CEM TUTORS 15 Sept, 2023

35 difficult and highly challenging multiple-choice questions related to cost and production theory in economics at the university undergraduate level, along with detailed explanations of the answers

**1.** In production theory, what is the term for the level of output where a firm experiences neither economies nor diseconomies of scale i...

CEM TUTORS 15 Sept, 2023