Preference

Question: A firm will earn normal profit when—

  1. a.
    Average revenue = Marginal revenue
  2. b.
    Average cost = Marginal cost
  3. c.
    Total revenue = Total cost
  4. d.
    Marginal cost = Marginal revenue
  5. e.
    None of the above
Answer: d

Question: Who is the pioneer of the consept 'Consumer Surplus'?

  1. a.
    Marshall
  2. b.
    Adam Smith
  3. c.
    Ricardo
  4. d.
    Keynes
  5. e.
    None of them
Answer: a

Question: The formula of determining per capital income is---.

  1. a.
    GNP × population
  2. b.
    GNP ÷ population
  3. c.
    population ÷ GNP
  4. d.
    export income ÷ population
  5. e.
    None of these
Answer: b

Question: When income raises then the demand of some goods falls those goods are called--

  1. a.
    Inferior goods
  2. b.
    Superior goods
  3. c.
    Giffen goods
  4. d.
    Public goods
  5. e.
    None of these
Answer: a

Question: What do you mean by demand?

  1. a.
    Desire of goods to get
  2. b.
    Necessary money
  3. c.
    Desire of spending money
  4. d.
    a, b, c combinely correct
  5. e.
    None of the above
Answer: d

Question: What is the category of Bangladesh economy?

  1. a.
    Islami
  2. b.
    Mixed
  3. c.
    Socialist
  4. d.
    Capitalist
  5. e.
    None of the above
Answer: b

Question: TIN Stands for--

  1. a.
    Tax Identification Number
  2. b.
    Tuna Bread Nuggest
  3. c.
    Tin In Noon
  4. d.
    Tower In Netherlands
  5. e.
    None of these
Answer: a

Question: Resource in an economy--

  1. a.
    Are always fixed
  2. b.
    Can Never decrease
  3. c.
    Always increase over time
  4. d.
    Are limited at any moment in time
Answer: d

Question: Investment depends mainly on:

  1. a.
    Past levels of income
  2. b.
    Future expected profits
  3. c.
    Present national income levels
  4. d.
    Historic data
Answer: b

Question: Sacrifice of the best possible uses is called to the---

  1. a.
    Social cost
  2. b.
    Depreciation cost
  3. c.
    Production cost
  4. d.
    Opportunity cost
  5. e.
    None of the above
Answer: d

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