Classical

Business Economics - 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

 
 

Option: B

Explanation :


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
 
 

Option: C

Explanation :


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

 
 

Option: D

Explanation :


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

 
 

Option: B

Explanation :


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

 
 

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.