Question # 1

A monopolistically competitive firm in short run equilibrium:

Will make negative profit (lose money).

Will make zero profit (break-even)

Will make positive profit

Any of the given are possible.

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

4.6 percent

8.2 percent

11.78 percent

16.3 percent

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

Personal income includes:

Direct taxes

Indirect taxes

Undivided profit

Both 2nd and 3rd

Macro Economics was introduced by

Alfred Marshall

J.M. Keynes

N.W. Senior

J.B. Clark

Canons of taxation describes:

Marshall

Keynes

Robbins

Adam Smith

NAT II Management Science Economy MCQs With Answers