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Business Economics MCQ Part 2

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1. Miroeonomi theory is lso known s ��




2. Whih will use hnge in the emn for goo X?




3. Which of the following techniques uses variables such as price and promotional expenditures which are related to the product demand to predict demand




4. Time-series data may exhibit which of the following behaviours?




5. Gradual long term movement in time series data is called ���




6. Which of the following is not present in a time series?




7. In sample survey method �� technique is adopted




8. car and petrol are �- goods




9. Tea and coffee are �� goods




10. In cross elasticity of demand for unrelated goods the demand curve will be��-




11. The total outlay method explains the relationship between price and ��A




12. Supply is a function of ��




13. The supply of a product does not depend on ��-




14. Passive factor of production is ��-




15. Reasons for increasing return in stage I of law of variable proportion is ���




16. �� Economics views on reducing the production costs




17. Which of the following are not related to factors of production(FOP)




18. Which factor of production is considered as fixed input




19. �- is the remuneration for organisation




20. �- input factor is divided as skilled semiskilled unskilled




21. In the Law of variable proportion when TP is maximum then the MP = ��




22. Cobb Douglas production function mainly studies ���




23. Marginal cost is defined as




24. Which of the following is correct?




25. The cost with which the concept of marginal cost is closely related




26. �� costs are business costs which do not involve any cash payments but for them a provision is made in accounts




27. The vertical difference between TVC and TC is equal to ��




28. The costs that depend on output in the short run are ��-




29. Inthe short run as economists use the phrase is characterised by ��-




30. A graph showing all the combination of capital and labour available for a given total cost is the ��-




31. The formula for average fixed costs is ���-




32. The short run is a time period in which ��-




33. When the total product curve is falling ���-




34. Variable costs are ��������




35. Money paid to an unskilled labour is called �����




36. Marginal cost curve cuts the average cost curve �����




37. An LAC curve is not known as �����




38. Marginal cost means ��������




39. What are homogenous products?




40. A distinguishing characteristic of monopolistic competition is ������




41. If firms can neither enter nor leave an industry the relevant time period is the ���




42. Imperfect competition was introduced by ����-




43. In case of monopoly a firm in the long run can have �����




44. In perfect competition equilibrium is attained when ������




45. kinked demand curve is associated with ������




46. The upper portion of the kinked demand curve is relatively �����




47. Concentration of monopoly is implemented under ������




48. Cartel is a part of ������




49. Miroeonomi theory is lso known s ��




50. Whih will use hnge in the emn for goo X?




51. Which of the following techniques uses variables such as price and promotional expenditures which are related to the product demand to predict demand




52. Time-series data may exhibit which of the following behaviours?




53. Gradual long term movement in time series data is called ���




54. Which of the following is not present in a time series?




55. In sample survey method �� technique is adopted




56. car and petrol are �- goods




57. Tea and coffee are �� goods




58. In cross elasticity of demand for unrelated goods the demand curve will be��-




59. The total outlay method explains the relationship between price and ��A




60. Supply is a function of ��




61. The supply of a product does not depend on ��-




62. Passive factor of production is ��-




63. Reasons for increasing return in stage I of law of variable proportion is ���




64. �� Economics views on reducing the production costs




65. Which of the following are not related to factors of production(FOP)




66. Which factor of production is considered as fixed input




67. �- is the remuneration for organisation




68. �- input factor is divided as skilled semiskilled unskilled




69. In the Law of variable proportion when TP is maximum then the MP = ��




70. Cobb Douglas production function mainly studies ���




71. Marginal cost is defined as




72. Which of the following is correct?




73. The cost with which the concept of marginal cost is closely related




74. �� costs are business costs which do not involve any cash payments but for them a provision is made in accounts




75. The vertical difference between TVC and TC is equal to ��




76. The costs that depend on output in the short run are ��-




77. Inthe short run as economists use the phrase is characterised by ��-




78. A graph showing all the combination of capital and labour available for a given total cost is the ��-




79. The formula for average fixed costs is ���-




80. Implicit costs are ��-




81. The short run is a time period in which ��-




82. When the total product curve is falling ���-




83. Variable costs are ��������




84. Money paid to an unskilled labour is called �����




85. Marginal cost curve cuts the average cost curve �����




86. An LAC curve is not known as �����




87. Marginal cost means ��������




88. What are homogenous products?




89. A distinguishing characteristic of monopolistic competition is ������




90. If firms can neither enter nor leave an industry the relevant time period is the ���




91. Imperfect competition was introduced by ����-




92. In case of monopoly a firm in the long run can have �����




93. In perfect competition equilibrium is attained when ������




94. kinked demand curve is associated with ������




95. The upper portion of the kinked demand curve is relatively �����




96. Concentration of monopoly is implemented under ������




97. Cartel is a part of ������




98. Implicit costs are ——-