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Business Economics - Business Economics Section 1

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66. The job of a finance manager is confined to

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67. Who is called the father of Economics?

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68. Assertion (A). A ship with heavy fuel is stable equilibrium and egg lying on its side is a natural equilibrium and egg posted on one of its ends is an unstable equilibrium.
Reason (R). A stable equilibrium is that in which economic condition after some change comes back in the original state.

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69. Assertion (A). Marginal cost and differential cost do not convey the same meaning in all the circumstances.
Reason (R). Differential costs increase or decrease due to the change in fixed costs.

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70. Diminishing returns are due to __ and increasing returns are due to _.

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Business Economics Section 1