Business Economics - Business Economics MCQ

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31:  

A firm's marginal revenue 

A.	is always negative
B.	can be positive
C.	is always positive
D.	is zero at point at which the total revenue is maximum
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	Option: D Explanation : Click on Discuss to view users comments. preeti said: (4:03am on Friday 8th July 2016) can be positive....as when totar revenue is maximum marginal revenue is zero Write your comments here: Updating your Comments.. Updating your Comments..

32:  

In a monopoly market, an upward shift in the market demand results in a new equilibrium with

A.	A higher quantity and a lower price
B.	A higher quantity and the same price
C.	A higher quantity and higher price
D.	All of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

33:  

Demand Analysis includes:

A.	Demand Forecasting
B.	Demand Differentials
C.	Demand Determinations
D.	All of the above
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

34:  

In the case of monopolistic competition

A.	MR curve cannot be defined
B.	AR curve cannot be defined
C.	The short run supply curve cannot be defined
D.	None of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

35:  

Which economist stated the positive impact of monopoly?

A.	Marshall
B.	Adam Smith
C.	Joseph Schumpeter
D.	Pigou
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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