Business Economics - Business Economics MCQ

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36:  

Average revenue is calculated by

A.	TRn - TRn-1
B.	P x Q
C.	TR / MR
D.	TR / Q
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

37:  

Cross elasticity of demand between two perfect substitutes will be

A.	low
B.	high
C.	zero
D.	infinity
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

38:  

At elasticity of one, marginal revenue is equal to

A.	one
B.	zero
C.	infinity
D.	none
	Answer Report Discuss
	Option: B Explanation : If elasticity of demand is equal to one or E = 1, in that case MR = 0. If E > 1, in that case MR will be positive. Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

39:  

Shifts in demand curve include

A.	Increase in Demand (Upward shift)
B.	Extention in demand
C.	Contraction in demand
D.	None of the above
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

40:  

An indifference curve is always

A.	A vertical straight line
B.	Convex to the origin
C.	Concave to the origin
D.	A horizontal straight line
	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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