Question # 1

For a firm buying labor competitively, the marginal input cost is equal to the:

Wage

Interest rate

Price of output

Cost of raw materials

What was the production of cotton in 2005-06?

12.4million bales

16.2 millionbales

18.8 million bales

24.1 million bales

Canons of taxation describes:

Marshall

Keynes

Robbins

Adam Smith

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

Rs. 672 million

Rs. 812 million

Rs. 1,696 million

Rs. 2,400 million

Who described Economies as a science of wealth:

Piguo

Adam Smith

Robbins

Marshall

A monopolistically competitive firm in the long run equilibrium:

Will make negative profit.

Will make zero profit.

Will make positive profit

Any of the given are possible.

NAT II Management Science Economy MCQs With Answers