Question

Question.1 Objective type question choose the correct option.
1. Which one of the following is true.
(a) Our needs are always greater than our resources.
(b) Our resources are always more than our needs.
(c) There are no alternative uses of resources.
(d) None of these
2. When marginal cost falls, total cost
(a) increases
(1) remains same
(c) increases at a decreasing rate
(d) becomes zero
(3) When will we say that there is a supply of something in the market?
(a) When the market supply exceeds the market demand.
(6) When market supply is less than market demand.
(c) When market supply is equal to market demand.
(d) All of the above.
(4) Fixed cost in the short run when output is zero
(a) becomes zero.
(b) remains positive.
(c) becomes negative.
(d) none of the above.
(5) Primary data is
(a) original.
(f) compiled.
(c) both (a) and (b).
(d) none of the above.
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Answer 1

Answer:

1-A

2-C

3-A

4-B

5-C

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