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Free BA1 – Fundamentals of Business Economics Practice Test Question

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Showing 16–18 of 20 questions

Question 16

If a firm wishes to maximize market share without incurring a loss, it should set its price where

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  • ○

    Marginal revenue is zero
  • ○

    Marginal revenue equals marginal cost
  • ○

    Price equals marginal revenue
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    Total cost equals total revenue
Question 17

The following table shows the profits of a business and an index of the general price level for 4 years

How does the level of real (inflation adjusted) profits in 20X4 compare to those of 20X1 ?

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  • ○

    + $l8m
  • ○

    + $12.5m
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    + S3m
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    + $0-6m
Question 18

Which ONE of the following is an External stakeholder in a state-owned energy provider?

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    The industry regulator
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    A firm selling equipment to the energy provider
  • ○

    Customers of the energy provider
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    The government