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MBA Question Papers Of Wbut |
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Re: mba question papers of wbut
The Maulana Abul Kalam Azad University of Technology is provides its Question Papers for MBA management students. Candidates need to study frequently asked questions from the latest papers and prepare you for the university exams. Business Economics I MBA question papers of West Bengal University of Technology Business Economics I MBA question papers of West Bengal University of Technology: GROUP A ( Multiple Choice Type Questions ) 1. Choose the correct alternatives for any ten of the following : 10 1 = 10 i) A consumer reacheds equilibrium when a) MRSxy > Px /Py b) MRSxy < Px /Py c) MRSxy = Px = Py d) MRSxy = Px /Py ii) A short-run production function refers to a situation when a) all inputs are variable b) only one input is variable c) no input is variable d) none of these iii) When price decreases and Total Revenue increases or when Price increases and Total Revenue decreases, the value of price elasticity is a) greater than 1 b) less than 1 c) equal to one d) negative. iv) Returns to a factor in the short-run is an attribute of a) plant & machinery b) a fixed input c) a variable input d) none of these. v) Q = a bP is a demand function. When marginal revenue is zero, the price elasticity of demand is a) 0 b) 1 c) b d) none of these. vi) Shut-down point is a situation where a) marginal cost curve meets average variable cost b) MC curve meets the AC curve c) MC curve meets the demand curve d) Fixed cost curve is tangential to MC curve. vii) Air pollution created by Thermal Power Industry is an example of a) positive externalities b) negative externalities c) both (a) & (b) are true d) both (a) & (b) are false. viii) If a monopolist has only fixed costs and chooses that output at which marginal cost equals price, it will a) earn positive economic profits b) earn zero economic profits c) incur a loss equal to its variable costs d) incur a loss equal to its fixed costs e) cannot tell from the information given. ix) If a 25% rise in quantity of inputs leads to 25% rise in output, it can be regarded as a) increasing returns to scale b) decreasing returns to scale c) constant returns to scale d) diseconomies of scale. x) The demand curve faced by a monopoly is a rectangular hyperbola in the price-quantity space. It has no variable cost, and its fixed cost is F > 0. Then : a) there is no profit maximizing output level b) the monopolist can produce any output it chooses and earn the same profit c) there is a unique leved of profit maximizing output d) none of these. xi) The term oligopoly refers to a) few buyers dominating the industry b) few sellers dominating the industry c) a single seller who controls a group of sellers d) a restricted number of sellers. xii) Ram has a budget of Rs. 200; he spends on 2 goods Coke and Pizza. Only coke is Rs. 10 per glass and Pizza costs Rs. 40 per piece. An observer finds that Ram spends Rs. 180 and gives the rest away to a poor man. We know that Ram does not get only special satisfaction from being benevolent. We can then say that Ram's preferences do not satisfy : a) transitivity b) non-satiation c) reflexivity d) completeness Here is PDF for Business Economics I MBA question papers of West Bengal University of Technology: |
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