B.COM ECO-1 MCQ's




Question 391 :
Labour economy is caused by ______. Better

  1. organisation
  2. Time management
  3. Specialisation/division of labour
  4. Mangerial Efficieny
  

Question 392 :
When managerial costs per unit declines it is the case of ______.

  1. Managerial economy
  2. none of there
  

Question 393 :
If elasticity of demand = 1, the marginal revenue is ______.

  1. zero
  2. Infinity
  3. Positive
  4. Negative
  

Question 394 :
_____ deals with various aspects of supply of a commodity.

  1. Production analysis
  2. None of these
  3. Supply analysis
  4. Demand analysis
  

Question 395 :
A vertical straight line demand curve implies ______ degree of price elasticity.

  1. Positive
  2. Negative
  3. None ot these
  4. zero
  

Question 396 :
A proportional increase in output in relation to the charge in input implies _____ returns to scale.

  1. minimum
  2. constant
  3. maximum
  4. None of these
  

Question 397 :
If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______.

  1. Unitary elastic
  2. Relatively elastic
  3. unitary
  4. perfectly elastic
  

Question 398 :
A flatter demand curve represent relatively ______ demand.

  1. elastic
  2. Relatively elastic
  3. None ot the above
  4. inelastic
  

Question 399 :
Advertisement elasticity of demand is always ______.

  1. Negative
  2. positive
  3. zero
  4. None of the above
  

Question 400 :
Income elasticity of demand is negative for ______ goods.

  1. inferior
  

Question 401 :
If two goods are unrelated to each other, then it is ______ cross elasticity of demand.

  1. None of the above
  2. positive
  3. Negative
  4. zero
  

Question 402 :
When percentage change in output is greater than that of input, it is the phenomenon of _____ returns to scale.

  1. constant
  2. increasing
  3. None of these
  4. decreasing
  

Question 403 :
_____ is narrower in scope than cost analysis.

  1. Supply analysis
  2. Production analysis
  3. Demand analysis
  4. All of the above
  

Question 404 :
______ is the functional relationship between physical input and output.

  1. Management function
  2. production function
  3. Labour function
  4. None of these
  

Question 405 :
Application of automotive devices with expanding scale of operation leads to :

  1. Industrial economy
  2. Technical economy
  3. External economy
  4. Technical force
  

Question 406 :
Under oligopoly the firm faces a _____ demand curve.

  1. horizontal
  2. vertical
  3. upward sloping
  4. Kinked (Indeterminate)
  

Question 407 :
An endless demand at the given price is the case of ______ demand.

  1. Relatively elastic
  2. Unitary elastic
  3. perfectly elastic
  4. None of these
  

Question 408 :
The demand curve representing a conventional demand function refers to :

  1. Negative relationship
  2. Proportional relationship
  3. straight relationship
  4. None of the above
  

Question 409 :
The scale of production can varied only in the ______.

  1. greater direction
  2. reduction
  3. addition
  4. none of there
  

Question 410 :
______ refers to total product per unit of variable factor. `

  1. average product
  2. marginal product
  3. Average cost
  4. None of the above
  

Question 411 :
A firm experiences ______ economics of scale when its size expands.

  1. domestic
  2. none of there
  3. External
  4. Internal
  

Question 412 :
External economics occur when :

  1. Size of firm expands
  2. Size of industry expands
  3. Economy grows
  4. All of the above
  

Question 413 :
Internal economies are realized by the firm :

  1. When its size is big
  2. Scale of operation is large
  3. Within itself
  4. All of the above
  

Question 414 :
Localisation of industry confers ______ economic to the clustering firm.

  1. donestic
  2. Internal
  3. none of there
  4. External
  

Question 415 :
Demand analysis and forecasting is essential for _____.

  1. Business economics
  2. business planning
  3. Managerial economics
  4. None of these
  

Question 416 :
Which of the following is a case of linear demand function?

  1. Dx = f (Px)
  2. Dx = f (Px , Py)
  3. Dx = a + b Px + L
  4. Dx = 100 – 5 Px
  

Question 417 :
______ refers to the total expenditure made by the firm on the variable factor in short run.

  1. Prime cost
  2. fixed cost
  3. All of the above
  4. total variable cost
  

Question 418 :
Variable costs are ______ cost.

  1. Prime
  2. Incrementalt
  3. All of the above
  4. Prime
  

Question 419 :
Minimum point of the LAC curve implies ______ plant size.

  1. Social
  2. Optimum
  3. Private
  4. None of these
  

Question 420 :
______ remain fixed at any level of output in the short run.

  1. Explicit costs
  2. None of these
  3. Fixed cost
  4. total cost
  
Pages