Q221
Open question"The increasing returns to scale occurs because larger scale provides greater specialisation to various factors" according to
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Management · all questionsManagerial Economics
Managerial Economics
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Q222
Open questionWhen the APL is positive but declining, the MPL could be
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Q223
Open questionMatch the following:
| List-I (Theory) | List-II (Relation) |
| a. Say's Law of market | 1. Employment |
| b. Keynes's Psychological Law | 2. Consumption |
| c. Paradox of thrift | 3. Saving |
| d. Marshall | 4. Population |
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Q224
Open questionGiven the total cost (TC) as 20,000 + 6Q, the firm sells its output for a fixed price of Rs. 18.5. The break-even quantity (Q) would be
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Q225
Open questionWhich one is not the method of demand forecasting?
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Q226
Open questionTwo commodities are considered to be perfect substitutes for each other if the elasticity of substitution is
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Q227
Open questionThe implication of the kinked demand curve is reflected in a discontinuity in the
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Q228
Open questionImagine a graph showing production possibilities. What does an outward shift of the production possibilities curve indicate?
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Q229
Open questionIf ATC curve is a rising straight line, then as output expands, MC curve will
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Q230
Open questionIn a typical demand schedule, quantity demanded varies
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Q231
Open questionThe doctrine of consumer's surplus is based on
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Q232
Open questionGossen's Second law states that
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Q233
Open questionWhich of the following statement is correct?
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Q234
Open questionExpanding the output till the rising marginal cost is less than price, is the nature of
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Q235
Open questionThe demand function for commodity X, is QD = 300 - 20P; where P is the price in rupees per unit and QD is the quantity demanded in units per period. Which of the following is the price level at which total revenue of a firm facing this demand function is maximised?
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Q236
Open questionAt the shutdown point
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Q237
Open questionThe Line ACDG represents
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Q238
Open questionThe demand for pepper is likely to have a low price elasticity because it
1. Involves only a small proportion of consumers expenditure
2. It is single-use good
3. Has no close substitutes
4. Can readily be foregone
1. Involves only a small proportion of consumers expenditure
2. It is single-use good
3. Has no close substitutes
4. Can readily be foregone
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Q239
Open questionWith increasing returns to scale, the equilibrium in a market is incomplete. This is
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Q240
Open questionConsumers are likely to get maximum variety of goods under
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