Business Economics Test 2
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Business Economics Test 2
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25 Questions

1. The cost of material is _____cost.
2. The quantities of output throughout the given Isoquant are _____
3. Economic fore-castes _____ risk.
4. At breakeven point contribution would be ____.
5. Real Cost is
6. A monopolist cannot continue to sell as long as his marginal revenue is ____than the marginal cost.
7. If increasing return is applicable law of _____ cost will also apply.
8. ______ is the point of sales at which there is neither profit nor loss.
9. The fixed costs in the short run are _____.
10. Market period and very short period are ______.
11. _______ cannot be changed in the short period.
12. Change in the commodity due to change in the price of the substitute is an example of _____.
13. Increase in the price of petrol will ____ demand of car.
14. In case of _____ demand, a slight change in the price will make greater change in demand.
15. If there is a single buyer, it is called ________.
16. The cost of material is _____.
17. Change in the demand due to increase in the income of the consumer is known as ____ of demand.
18. The main feature of monopolistic competition is _______.
19. ____ are short run cost.
20. ?=AFC+AVC
21. Managerial economic provides_____solution to managerial problems.
22. TPP and EMPP are _____
23. ______ is the main feature of monopoly.
24. In a perfectly competitive market _____ price for a commodity prevails.
25. The manager tries to produce at _____ scale.

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