Business Economics

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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
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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.
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

43:

Who is called the father of Economics ?

A.	P. Samuelson
B.	Adam Smith
C.	Joel Dean
D.	None of the above
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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