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NAT II Management Science Economy MCQs With Answers
Question # 1
During a year aggregate value of produced goods and services of a country is called:
Choose an answer
Per-capita income
Net national income
Personal income
Gross national product
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Question # 2
The methods of measuring elasticity of supply are:
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Three
Two
Four
Five
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Question # 3
Rent of building is included in:
Choose an answer
Fixed cost
Variable cost
Marginal cost
Selling cost
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Question # 4
The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
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5Q
5
5 + (200/Q)
200
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Question # 5
National income does not include:
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Profit
Wages
Interest
Transfer payments
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