Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is

When demand for a factory's products is high, more money is spent at the factory for safety precautions and machinery maintenance than demand is low. Thus the average number of on-the-job accidents per employee each month should be bower during periods when demand is high than when demand is low and less money is available for safety precautions and machinery maintenance. Which of the following,if true about a factory when demand for its product is high casts the most serious doubt on the conclusion drawn above?

A

Its employees ask for higher wages than they do at other times.

B

Its management hires new workers but lacks the time to train them properly.

C

Its employees are less likely to lose their jobs than they are at other times.

D

Its management sponsors a monthly safety award for each division in the factory.

when demand for factory's products is high . more money is spent at the factory for safety precautions and machinery maintenance than when demand is low. thus the average number of on -the-job accidents per employee each month should be lower during perids when demand is high than when demand is low and less money is available for safety precautions and machinery maintenance .when demand for its products is high, casts the most serious doubt on the conclusion drawn above?

A

Employees demand for higher wages than they do at other times.

B

Authority hires new workers but lacks the time to rain them properly.

C

Employees are less likely to lose their jobs than are at other times.

D

Authority sponsors a monthly safety award for each division in the factory.

During a sale, a salesperson was putting a new price tag on each item. On one shirt, he accidentally raised the price by 15% instead of lowering the price by 15%. As a result the price on the tag was Tk. 60 higher than the price that would have been the discounted price. What was the original price of the shirt?

A

Tk. 220

B

Tk. 250

C

Tk. 150

D

Tk. 200

When as a result of decrease in price of good, the total expenditure made on it decreases we say that price elasticity of demand is

A

Less than unity

B

Unity

C

Zero

D

Greater than Unity

In ‘make or buy’ decision, it is profitable to buy from outside only when the supplier’s price is below the firm’s own ______________.

A

Fixed Cost

B

Variable Cost

C

Total Cost

D

Prime Cost

Total price of a shirt and a pant is Tk. 850. If the price of the shirt increases by 12% and the pant by 5% then the total price become Tk. 934.50. What was the original price of the shirt before price increment?

A

Tk. 620

B

Tk. 650

C

Tk. 675

D

Tk. 600

Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price

A

Equal to one

B

Greater than one

C

Small than one

D

Zero

Under.......price is determined by the interaction of total demand and total supply in the market.

A

perfect competition

B

monopoly

C

imperfect competition

D

all of the above

__________ strategy is often considered as entrepreneurial strategy where firm develops and introduce new products and markets or penetrate markets to build share

A

Expansion Strategy

B

Retrenchment Strategy

C

Combination Strategy

D

Stability Strategy

The price of a pen is 25% more than the price of a book . The Price of a pen holder is 50% more than the price of the book. How much is the price of the pen holder more than the price of the pen?

A

50%

B

25%

C

20%

D

37.5

Price discrimination will be profitable only if the elasticity of demand in different markets into which the total market has been divided is

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