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CMA Foundation Exam: Fundamentals of Economics and Management
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CMA Foundation Exam: Fundamentals of Economics and Management
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25 Questions

1. Which of the following is not a central problem of a society
2. Elasticity of supply depends upon
3. The ideal level of operation for a pure monopoly firm is the level where
4. In question No. 286 what is the total revenue from sale of 26 units
5. Traditional approach to law of Demand was propounded by
6. Demand curve of an Oligopoly firm is characterized by
7. The central problem of how to produce is resolved by
8. A supply curve passing through the origin will have elasticity
9. Scarcity of resources leads to
10. If the cross elasticity between two products is positive then we can say that
11. If a dealer is prepared to supply 1000 sets of a 29
12. If price of Tea increases the demand of coffee will
13. The slope of total variable cost curve equals
14. In question No. 286 what is the average revenue from sale of 26 units
15. If price of Choco bar decreases we except
16. If the price of burger rises from `12 per piece to `20 per piece as a result of which the daily sales decreases from 300 to 200 pieces per day. The price elasticity of demand can be estimated as
17.
18. An increase in price will result in no change in total revenue if
19. Which of these resources would be called as land in economics
20. If the price elasticity of a product is greater than 1, we can say that
21. Ceteris paribus, an income tax
22. Super normal profits occurs when
23. If an economy is working at a point left to PPF curve it shows that
24. Under law of supply, ceteris paribus is
25. Curvature of PPF is due to

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