Classical

Business Economics - Business Economics Questions

41:  
In case of contraction or extension in demand, the movement is along a demand curve whereas in case of increase or decrease, the demand curve will move
A.

downward

B.

upward

C.

any of these

D.

none of these

 
 

Option: C

Explanation :


42:  
Assertion (A). The demand for the product of the firm under oligopoly is at prices highest than the prevailing market prices.
Reason (R). The oligopolistic firm faces a kinked demand curve.
 
A.

(A) is true and (R) is correct explanation of (A)

B.

(A) is true and (R) is not a correct explanation of (A)

C.

Both (A) and (R) are false.

D.

(A) is true and (R) is false.

 
 

Option: B

Explanation :


43:  

Who is called the father of Economics ?

A.

P. Samuelson

B.

Adam Smith

C.

Joel Dean

D.

None of the above

 
 

Option: B

Explanation :


44:  

The job of a finance manager is confined to

A.

Raising of funds

B.

Management of cash

C.
Raising of funds and their effective utilisation
D.

None of these

 
 

Option: B

Explanation :


45:  
Two conditions are required to be there for the equilibrium under monopoly. These are
A.
MR = MC and MC cuts the MR from above
B.
MC = MR and MR cuts the MC from below
C.
MC = AR and MC cuts the MR from below
D.
MR = MC and MC cuts the MR from below
 
 

Option: D

Explanation :




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