Business Economics - Business Economics Multiple Choice Questions

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11:  

In oligopoly market kinked demand curve explains

A.	Collusion among rival firms
B.	Average variable cost curve
C.	Short run average cost curve
D.	Long run average cost curve
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

12:  

The principle which states that an input must be so allocated between various uses that the value added by the last unit of input is the same in all its use is called

A.	Marginal principle
B.	Incremental principle
C.	Equal marginal principle
D.	Discounting principle
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

13:  

Which subject is relevant to the study of consumer behaviour?

A.	Economics
B.	Psychology
C.	Sociology
D.	All of these
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

14:  

National Income may be determined through?

A.	Income Approach
B.	Expenditure Approach
C.	Productive Approach
D.	All of the above
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

15:  

Which of the following is not the method of forecasting demand

A.	Collective opinion method
B.	Total outlay method
C.	Expert option method
D.	Controlled opinion method
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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