Explore topic-wise MCQs in Business Economics.

This section includes 1 Mcqs, each offering curated multiple-choice questions to sharpen your Business Economics knowledge and support exam preparation. Choose a topic below to get started.

1.

Match the cost concepts in List I and their description in List IIList I(Cost concepts)List II(Description)a.Sunk costi)Change in total cost for a unit change in outputb.Marginal costii)Value of inputs owned and used in productionc.Investment costiii) Costs that are unaffected by firm decisiond. Implicit costiv)Total increase in costs resulting from a decision Choose the correct answer from the options given below:

A. a-ii, b-i, c-iv, d-iii
B. a-i, b-iii, c-iv, d-ii
C. a-iv, b-ii, c-iii, d-i
D. a-i, b-ii, c-iii, d-iv
Answer» B. a-i, b-iii, c-iv, d-ii
Discussion