Classical

Business Economics - Business Economics Multiple Choice Questions

1:  
Marginal revenue is at the quantity that generates maximum total revenue and negative beyond that point.
A.

Zero

B.

+2

C.

+1

D.

-1

 
 

Option: A

Explanation :


2:  
Cartels under oligopoly do not survive for long because of
A.

Inter firm rivalry

B.

Low profit

C.

High cost of marketing

D.

Heavy loss

 
 

Option: A

Explanation :


3:  
'Kinked Demand curve approach' is concerned with
A.

price discrimination

B.

price flexibility

C.

price rigidity

D.

Dual Pricing

 
 

Option: B

Explanation :


4:  
What is the nature of Elasticity of demand for luxury items like high class furniture
A.

Unit elastic

B.

Highly elastic

C.

fairly elastic

D.

zero elastic

 
 

Option: B

Explanation :


5:  
A consumer consuming two goods will be in equilibrium, when the marginal utilities from both goods are
A.

Maximum possible positive

B.

Minimum possible positive

C.

Equal

D.

zero

 
 

Option: C

Explanation :




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  • This section contain multiple choice questions answers on business economics.
  • Business Economics mcq can also be used in the preparation of ugc net exams.
  • Business Economics objective type questions answers can be used to gain a credit score in various undergraduate and post graduate commerce courses like B com  and Mcom
  • These questions answers can also be used by management students for improving their knowledge in business economics.
  • These multiple choice questions answers can also be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in Business Economics.
  • This section can be used for the preparation of quizzes by any commerce student.