Business Economics

111. Target pricing is also called as

1. Cost plus pricing
2. Rate of return pricing
3. Mark up pricing
4. None of these

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112. The condition for the long run equilibrium of a perfectly competitive firm

1. Price=MC=AC
2. Price=TC
3. MC=AVC
4. MC=MR

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113. The monopoly can be controlled by:

1. Social boycott
2. Antimonopoly legislation
3. Public ownership
4. All of these

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114. Where Marginal revenue is negative, TR will be ______________.

1. Rising
2. Falling
3. Zero
4. One

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115. ______________ is the method of leadership pricing

1. Going rate pricing
2. Follow up pricing
3. Barometric pricing
4. Parity pricing

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116. The properties of indifference curves are:

1. Indifference curve slops downwards from left to right
2. Convex to the point of origin
3. Two indifference curve never cut each other
4. All of these

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117. The competitive firm’s long run supply curve is the portion of it’s ______________ curve lies above average total cost.

1. Marginal cost
2. Revenue cost
3. Fixed cost
4. All of these

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118. The opportunity cost of a given activity is

1. the value of next best activity
2. the value of material used
3. the cost of input used
4. none of these

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119. Marginal revenue is ______________ at the quantity that generate maximum total revenue and negative beyond that point.

1. Zero
2. One
3. +1
4. −1

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120. In business cycle concept, the period of "long wave" is of;

1. 25 years
2. 50 years
3. 100 years
4. 200 years

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