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Business Economics Test 2
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Business Economics Test 2
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25 Questions

1. It is a case of _____ demand of the commodity changes with the change in price.
2. Technical economics are part of _____ economics
3. With the expansion of scale of production benefit enjoyed by all firms are known as ___.
4. Average fixed cost _____.
5. Economics of concentration are part of _____ economics.
6. Increase in the price of petrol will ____ demand of car.
7. Economic fore-castes _____ risk.
8. Cost of material is ______cost of production.
9. Fresh vegetable market is ____ market.
10. All the costs are variable in ______.
11. Breakeven point is also called _______.
12. Business economics is broadly based upon______.
13. ____ are short run cost.
14. Isoquant is also known as
15. TPP and EMPP are _____
16. ______ is the main feature of monopoly.
17. Average Fixed Cost
18. Business economics is _______ by nature.
19. Past cost is also known as ________.
20. In _____ market goods are sold at uniform price.
21. The manager tries to produce at _____ scale.
22. Under law of demand ________.
23. A consumers demand curve can be obtained from ___________.
24. In a perfectly competitive market _____ price for a commodity prevails.
25. TR=?*p

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