Questions

Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Q:

Which factor affects the heart rate in mammals?

A) Need for oxygen B) RBC count in blood
C) Blood type D) All the above
 
Answer & Explanation Answer: A) Need for oxygen

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Filed Under: Biology
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Q:

Who has been conferred with the 'ASSOCHAM Enterprise of the Century Award'?

A) Ratan Tata B) Uday Kotak
C) Mukesh Ambani D) Adi Godrej
 
Answer & Explanation Answer: A) Ratan Tata

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Q:

Find the odd word/letters/number from the given alternatives.

A) BDF B) GIK
C) LMO D) OQS
 
Answer & Explanation Answer: C) LMO

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Q:

If the line DE is drawn parallel to the base BC of a triangle ABC by intersecting the other two sides, then which of the following is the CORRECT equation for this case.

A) AB/DB=AC/EC B) AD/AB=DB/EC
C) AD/DB=EC/AE D) AD/DB=AE/EC
 
Answer & Explanation Answer: D) AD/DB=AE/EC

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