Question # 1

The market structure in which strategic considerations are most important is:

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

The shape of AR and MR under perfect competition is:

Vertical

U-shape

Horizontal to ox-axis

None of these

Which economist presented the Cardinal Theory of Utility:

Marshall

Canon

Kroose

J.B. Say

If pen and ink are complements, then an increase in the price of pen will cause:

An increase in the price of ink

Less ink to the demanded at each price

A decrease in the demand for pen

A rightward shift in the demand curve for ink

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

2,620

982

8,303

4,702

Who wrote "The Nature and Significance of Economics":

Adam Smith

Marshall

Robbins

Keynes

NAT II Management Science Economy MCQs With Answers