B.COM Economics (Introduction To Business Economics) MCQ's




Question 31 :
The ratio of change in total revenue to a unit change in output sold is _____.

  1. Marginal revenue
  2. Marginal cost
  3. Average revenue
  4. Average cost
  

Question 32 :
_____ explains the dependence of one variable on the other variable.

  1. Functional relation
  2. Equations
  3. Both (a) and (b)
  4. None of these
  

Question 33 :
The sum of the dependent variable is _____.

  1. Total
  2. Average
  3. Marginal
  4. None of these
  

Question 34 :
_____ is narrower in scope than cost analysis.

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

Question 35 :
_____ involves a cost–benefit comparison of various business activities.

  1. Cost analysis
  2. Production analysis
  3. Demand analysis
  4. Marginal analysis
  

Question 36 :
_____ deals with various aspects of supply of a commodity.

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

Question 37 :
As price generate income to the firm, _____ are important for business economics.

  1. pice fixation
  2. Production analysis
  3. pricing practices
  4. None of these
  

Question 38 :
The price determination theories in different market conditions enable the firm to solve the _____ problems.

  1. Supply analysis
  2. pricing practices
  3. None of these
  4. pice fixation
  

Question 39 :
The scope of business economics cover all major aspects of _____ analysis.

  1. macro–economics
  2. micro–economic
  3. Business economic
  4. Indian economy
  

Question 40 :
_____ enables the manger to become a more competent model builder.

  1. Indian economy
  2. Business economics
  3. macro–economics
  4. micro–economic
  
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