Sample Paper Series- I - CA Foundation MCQ
30 Questions MCQ Test - Sample Paper Series- I
In the case of a straight line demand curve meeting the two axes, the price elasticity of demand at y-axis of the line would be equal to
A firm under perfect competition will be making minimum losses (in the short run) at a point where:
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When the consumer is in equilibrium his price line is ______ to indifference curve
The Law of variable proportions examines the Production function with:
MR curve under Monopoly lies between AR and Y – axis because, the rate of decline of the MR is
In the long run, normal profits are included in the ______ curve.
Calculate Income-elasticity for the household when the income of a household rises by 10% the demand for T.V. rises by 20%
In case of necessaries the marginal utilities of the earlier units are large. In such cases the consumer surplus will be:
Which of the following is not the characteristic of Labour?
A firm has producing 7 units of output has an average total cost of Rs. 150 and has to pay Rs. 350 to its fixed factors of production whether it produces or not. How much of the average total cost is made up of variable cost?
Calculate Income-elasticity for the household when the income of a household rises by 5% and the demand for bajra falls by 2%
The cost that firm incurs in hiring or purchasing any factor of production is referred as:
___________ depicts complete picture of consumer tastes and preferences.
When economists speak of utility of a certain good, they are referring to:
If the goods are perfect substitutes for each other then cross elasticity is
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