Business Economics - Business Economics Multiple Choice Questions

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

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

3:  

'Kinked Demand curve approach' is concerned with

A.	price discrimination
B.	price flexibility
C.	price rigidity
D.	Dual Pricing
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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

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
	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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