Classical

Business Economics - Business Economics Multiple Choice Questions

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

 
 

Option: A

Explanation :

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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

 
 

Option: C

Explanation :

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13:  
Which subject is relevant to the study of consumer behaviour?
A.

Economics

B.

Psychology

C.

Sociology

D.

All of these

 
 

Option: D

Explanation :

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14:  
National Income may be determined through?
A.

Income Approach

B.

Expenditure Approach

C.

Productive Approach

D.

All of the above

 
 

Option: D

Explanation :

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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

 
 

Option: B

Explanation :

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