The profit per sale is a measure of ?

Related Mcqs:

1. Naila owns a small pottery factory. She can make 1000 pieces of pottery per year and sell them for Rs 100 each. It costs Naila Rs 20,000 for the raw materials to produce the 1,000 pieces of pottery She has invested Rs100,000 in her factory and equipment: Rs50,000 from her savings and Rs50,000 borrowed at 10 per cent. (Assume that she could have loaned her money out at 10 her per cent, too) Naila can work at a competing pottery factory for Rs40,000 per year. The accounting profit at Naila’s pottery factory is ?

   A. Rs30,000
   B. Rs35,000
   C. Rs75,000
   D. Rs70,000

2. Naila owns a small pottery factory. She can make 1000 pieces of pottery per year and sell them for Rs 100 each. It costs Naila Rs 20,000 for the raw materials to produce the 1,000 pieces of pottery She has invested Rs100,000 in her factory and equipment: Rs50,000 from her savings and Rs50,000 borrowed at 10 per cent. (Assume that she could have loaned her money out at 10 her per cent, too) Naila can work at a competing pottery factory for Rs40,000 per year. The economics profit at Naila’s pottery factory is ?

   A. Rs80,000
   B. Rs30,000
   C. Rs75,000
   D. Rs70,000

3. A firm that makes profit in addition to normal profit is making ?

   A. Economic profit
   B. Accounting profit
   C. Normal profit
   D. supernormal profit

4. A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

   A. £35
   B. £15
   C. £30
   D. £60

5. GDP per head may be an imperfect measure of economic welfare because it excludes ?

   A. the value of leisure
   B. Externalities
   C. Untraded goods
   D. Change in the distribution of income
   E. All of the above

6. By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ?

   A. Registering
   B. Going public
   C. Debuting
   D. Public offering

7. Crop grown for sale is called?

   A. Business Crop
   B. Cash crop
   C. Money Crop
   D. Earning Crop

8. A ________ is any activity or benefit offered for sale that is essentially intangible and does not result in the ownership of anything?

   A. demand
   B. basic staple
   C. product
   D. service

9. The fact that services cannot be stored for later use or sale is evidence of their ?

   A. intangibility
   B. inseparability
   C. variability
   D. perishability

10. In the long-run some firms will exit the market if the price of the good offered for sale is less than ?

    A. marginal revenue
    B. marginal cost
    C. average total cost
    D. average revenue