CA-CPT Question Paper December - 2016 (Session 2) - CA Foundation MCQ

 If income increases by 10% and demand increases by 5%, then income elasticity of demand is:

 Supply is a ___ concept.

Elasticity of supply refers to to the percentage change in supply divided by ____

Concept of consumer surplus is based on :

which among the following is not a characterstic of land?

Which is not a characteristic of labour?

Average Product raises due to an increase in variable input, then Marginal Product is :

Suppose the first four units of a variable input generate corresponding total outputs of 150, 200, 350 and 550. The marginal product of the third unit of input is:

Average cost of Producing 50 units of a Commodity is Rs 250 & fixed cost is Rs. 1000 . What will be the average fixed cost of producing 100 units of the Commodity?

A firm’s average fixed cost is Rs. 20 at 6 units of output. What will it be at 4 units of output?

If TVC = 100, TFC = 400, then calculate ATC at 5 units.

The market for ultimate consumers is known as _____

In a perfect competition, who set the prices :

Average revenue rs also known as?

The price discrimination under monopoly will be possible under which of the following coditions?

Which of the following markets has the concept of group equilibrium in long – run?

Which is the first order condition for the profit of a firm to be maximum?

Which of the following is false regarding Monopoly?

Which of the following is another name of Production possibilities curve?

Freedom of choice is an advantage of:

Who among the following gave the definition of Economics as “Science which deals with wealth”?

Lionel Robbins said the following except:

In which economic system all the means of production are owned and controlled by private individuals for profit?

Which of the following is not a cause of under – developed country?

In the theory of demographic transition in the last stage:

 _____ Unemployment is caused by decline in demand.

Work force refers to that part of: