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Business Economics - Business Economics Questions

16:

Which of the following economies accrue all the firm in an industry?

A.	Managerial Economies
B.	Economies of Concentration
C.	Labour Economies
D.	Marketing Economies
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

17:

Consider the oligopoly models

(i) Sweezy's kinked demand curve models

(ii) Newman and Morgenstern game theory model

(iii) Coumal's duopoly model

(iv) Baumal' s sales maximum model

Arrange them in correct sequence as per order of evolution

A.	(iv), (iii), (ii), (i)
B.	(ii), (i), (iii), (iv)
C.	(iii), (i), (ii), (iv)
D.	(i), (iii), (ii), (iv)
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

18:

Consumer attains equilibrium when he maximises his utility, given his income and market price of two product of

(i) Marginal rate of substitution be equal to the ratio of commodity price i.e.

MRS_xy = MU_x / MU_y = P_x /P_y

(ii) Indifference curve is convex to the origin.

A.	Only (i) is true
B.	Only (ii) is true
C.	Both (i) and (ii) are true
D.	Neither (i) nor (ii) are true.
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

19:

The collective demand of all persons in the market is referred as

A.	Demand curve
B.	Market Demand Schedule
C.	Both (a) and (b)
D.	None of these
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

20:

Ordinal measure of utility is required in

A.	Revealed preference
B.	Utility
C.	Indifference curve
D.	None of the above
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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