Question # 1

To find the profit maximizing level of output, a firm finds the output level where:

Price equals marginal cost

Marginal revenue and average total cost

Price equals marginal revenue

None of the given options

In 2005-06, the crop area of sugarcane in thousand hectares was:

540

642

756

907

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

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

Inflation on prices:

Decrease

Remains constant

Increase

Become zero

In February 2006, the Avian Influenza was reported by poultry farm in:

Hyderabad

Karachi

Multan

Charsadda

When national income is increases:

Standard of living increases

Standard of living decreases

Remains same

Bad thing

NAT II Management Science Economy MCQs With Answers