Classical

Business Economics - Business Economics MCQ

41:  

Study of demand over two periods is called

A.

Static

B.

Comparative static

C.

Dynamic

D.

None of these

 
 

Option: B

Explanation :


42:  

In case of monopoly,  a firm in the long run can have

A.

Loss

B.

Profit

C.

Break even

D.

All of these

 
 

Option: D

Explanation :


43:  
Marginal cost curve cuts the average cost curve from below at
 
A.

its lowest point

B.

the left of the lowest point

C.

right of the lowest point

D.

All of the above

 
 

Option: A

Explanation :


44:  
On an indifference map, if the income consumption curve slopes downwards to the right it shows that
A.

Both X and Y are superior goods

B.

Y is an inferior good

C.

X is an inferior good

D.

Both X and Y are inferior goods

 
 

Option: B

Explanation :


45:  
Impact of change in demand in one sector on other sectors is studied by
A.

General equilibrium

B.

Partial equilibrium

C.

Both (a) and (b)

D.

None of these

 
 

Option: A

Explanation :




Suggest an improvement