Business Economics - Business Economics Multiple Choice Questions

1. Home
2. UGC NET Commerce Questions
3. Business Economics
4. Business Economics Multiple Choice Questions

6:  

All the following curves are U-shaped except

A.	AVC curve
B.	AFC curve
C.	AC curve
D.	MC curve
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

7:  

Which of the following statement is incorrect

A.	Even monopolistic can earn loss
B.	Firms in a perfectly competitive market are price taker
C.	It is always beneficial for a firm in a perfectly competitive market to discriminate price
D.	Kinked demand curve is related to an oligopolistic market
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

8:  

Which of the following is not a determinant of demand?

A.	Income of the consumer
B.	Prices of related goods
C.	Price of the product itself
D.	Elasticity of Demand
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

9:  

If a commodity is used for multiple purposes then the demand for it is known as

A.	Joint Demand
B.	Composite Demand
C.	Direct Demand
D.	Autonomous Demand
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

10:  

The Cobb Douglas production function Q = 4 K0.6L 0.3 Exhibit.

A.	Constant returns to scale
B.	Increasing returns to scale
C.	Decreasing returns to scale
D.	None of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

• «
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• »