McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
| 301. |
Related to production function, MRTS stand for; |
| A. | Marginal revenue and total sales |
| B. | Minimum revenue from total sales |
| C. | Marginal rate of total supply |
| D. | Marginal rate of technical substitution |
| Answer» D. Marginal rate of technical substitution | |
| 302. |
Which of the following is not coming under imperfect competition? |
| A. | Oligopoly |
| B. | Duopoly |
| C. | Monopoly |
| D. | Monopolistic |
| Answer» C. Monopoly | |
| 303. |
in economics ……..means ‘a state of rest ‘or ‘stability’ |
| A. | Depression |
| B. | Equilibrium |
| C. | Maturity |
| D. | growth |
| Answer» B. Equilibrium | |
| 304. |
In perfect completion, a firm is a |
| A. | Price maker |
| B. | Price taker |
| C. | Both of the above |
| D. | None of these |
| Answer» B. Price taker | |
| 305. |
Which of the following is not a feature of monopolistic completion? |
| A. | Large number of producers |
| B. | Free entry and exit |
| C. | More elastic demand |
| D. | Price competition |
| Answer» D. Price competition | |
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