A. Financial audit
B. Balance sheet
C. Profit and loss account
D. Social audit
An independent assessment of the impact of firm’s activities on society is called a ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Selling another unit will increase total revenue
B. Selling another unit will increase profits
C. Selling another unit will increase costs
D. Selling another unit will increase average revenue
If the marginal revenue is Positive ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Marginal costs are maximized
B. Marginal costs are Minimized
C. Average costs are minimized
D. Average costs are maximized
To be Productively efficient a firm must produce where ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Total revenue equals total cost
B. There is the biggest positive difference between total revenue and total cost
C. There is the biggest negative difference between total revenue and total cost
D. Profits are Zero
When marginal revenue equals marginal cost ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Average revenue equals marginal cost
B. Average revenue equals average cost
C. Marginal revenue equals marginal cost
D. Average cost equals marginal cost
A. Demand is upward slog
B. Demand is price elastic
C. A price fall would increase revenue
D. Demand is price inelastic
If the price elasticity is -0.3 this means ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Average revenue is greater than average variable cost
B. Average revenue is greater than average cost
C. Average revenue is greater than marginal revenue
D. Average revenue is greater than average fixed cost
In Price discrimination abnormal profits are made if ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. Some products are produced that would not otherwise be produced
B. Producer surplus increases
C. Consumer surplus decreases
D. Firm’s profits increase
A benefit to consumers of price discrimination is that ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs A. The higher price in market A
B. The higher price in market B
C. The same Price in both markets
D. Cannot tell which price will be higher
A. Charging different prices for different products
B. Charging the same prices for different products
C. Charging the same prices for same products
D. Charging different prices for the same products
Which best describes price discrimination ? Read More »
Economics Mcqs, Miscellaneous Economics Mcqs