Related Mcqs:

1. The difference between an average worker’s salary and that of the average CEO has_______________?

   A. gradually narrowed
   B. remained stable
   C. slightly increased
   D. greatly increased

2. The master status of George W.Bush was______________?

   A. husband
   B. president
   C. dog owner
   D. jogger

3. As of 2005 what proportion of women were in managerial professional and administrative positions ?

   A. 20%
   B. 12%
   C. 50%
   D. 4%

4. The percentage of people around the world who lived in cities in 2005 is approximately________________?

   A. 20 percent
   B. 49 percent
   C. 50 percent
   D. 80 percent

5. If the price is less than the average costs but higher than the average variable costs ?

   A. The firm is making a loss and will shutdown in the short term
   B. The firm is making a profile
   C. The firm is making a loss but will continue to produce in the short term
   D. The firm is making a loss and is making a negative contribution to fixed costs

6. CEO stands for_______________?

   A. clear everybody out
   B. capital employment outlay
   C. chief executive officer
   D. Caribbean Entrepreneurs Office

7. The average variable cost curve ?

   A. is derived from the average fixed costs
   B. Converges with the average cost as output increases
   C. Equals the total costs divided by the output
   D. Equals revenue minus profits

8. If marginal product is below average product ?

   A. The total product will fall
   B. The average product will fall
   C. Average variable cost will fall
   D. Total revenue will fall

9. If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 the average propensity to consume is what ?

   A. 0.8
   B. 800
   C. 810
   D. 0.81

10. The first level of output at which the long run average cost are minimized is called ?

    A. The Minimum Efficient Scale
    B. The Minimum External Scale
    C. The Maximum External Scale
    D. The Maximum Effective Scale