Question # 1

The elasticity of demand of durable goods is:

Zero

More than unity

Less than unity

Equal to unity

The economy gets prosperity during:

Recession

Boom

Depression

Recovery

The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?

5Q

5

5 + (200/Q)

200

Give the production of sugarcane in Pakistan in 2005-06?

22 millions tons

33 million tons

44 million tons

55 million tons

The GDP growth rate of agriculture sector in 2005-06 was:

2.5 percent

4.3 percent

1.6 percent

9.3 percent

The price elasticity of demand for any good must be less than or equal to zero unless:

The good is a necessity.

The good is a luxury.

The good is a Ciffen good.

None of the given options.

NAT II Management Science Economy MCQs With Answers