Suppose that the price of a new bicycle is Rs300 Natalie values a new bicycle at Rs 400 it costs Rs200 for the seller to produce the new bicycle. What is the value of total surplus if Natalie buys a new bike ?

Byadmin May 29, 2019September 11, 2021

A. Rs500
B. Rs300
C. Rs200
D. Rs400

Asymmetric Information | Economics Mcqs

Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?

Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?

A. People give too much weight to a small number of vivid observations
B. People easily change their minds when confronted with new information
C. People enjoy going to the doctor
D. People tend to plan ahead and follow through on their plans

Read More Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?
Basic of Economics | Economics Mcqs

What is called the overall study of aspects and working of a national economy ?

What is called the overall study of aspects and working of a national economy ?

A. Macroeconomics
B. Gross economics
C. Mega economics
D. Micro economics

Read More What is called the overall study of aspects and working of a national economy ?
Economics Mcqs | Non-Tariff Trade Barriers

The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?

The reason for dumg is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?

A. more elastic in Japan, more substitutes are available from other nations
B. more elastic in Japan, fewer substitutes are available from other; nations
C. more inelastic in Japan; more substitutes are available from other; nations
D. more inelastic in Japan; fewer substitutes are available from other nations

Read More The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?
Economics Mcqs | Non-Tariff Trade Barriers

Which company in the United States would likely be most concerned about Brazil’s dumping of steel in the U.S market ?

Which company in the United States would likely be most concerned about Brazil’s dumg of steel in the U.S market ?

A. General Motors, the manufacturer of automobiles
B. Tennessee Mining Co. an iron-ore mining company
C. Caterpillar Corp the producer of earth moving equipment
D. Sneva Construction Co. The builder of skyscrapers

Read More Which company in the United States would likely be most concerned about Brazil’s dumping of steel in the U.S market ?
Economics Mcqs | Efficiency And The Public Interest | Markets

The goal of the marketing logistics system should be to provide ?

The goal of the marketing logistics system should be to provide ?

A. A targeted level of promotional support
B. A targeted level of customer service at the least cost
C. A targeted level of transportation expense ratio
D. A targeted level of field support

Read More The goal of the marketing logistics system should be to provide ?
Basic of Economics | Economics Mcqs

A budgetary deficit means ?

A budgetary deficit means ?

A. Total expenditure is more than total revenue
B. Current expenditure is more than current revenue
C. Capital expenditure is more than capital revenue
D. Total expenditure is more than current revenue

Read More A budgetary deficit means ?

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