NAT IIM Management Science Economy Online Test for Pakistani Students

NAT II Management Science Economy

Sr. #	Questions	Answers Choice
1	The elasticity of demand of durable goods is:	Zero More than unity Less than unity Equal to unity
2	The other name of law of diminishing return is:	Law of supply Law of diminishing marginal utility Law of demand Law of increasing cost
3	When price falls supply:	Expands Contracts Remains zero Becomes fixed
4	Average revenue is equal to:	Price Total revenue Marginal revenue Average cost
5	According to law of increasing return, marginal product:	Increases Decreases Remains constant None of these