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Managerial Economics
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Q241

Ceteris paribus, a change in the price of a commodity causes the quantity purchased of its complements to move

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Q242

"The price which is necessary to retain a given unit of a factor in a certain industry may be called its transfer earnings or transfer price." Defined by

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Q243

In the income, distributed method for finding out national income, which one is not considered as factor income?

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Q244

Which of the following are not the assumptions related to the theory of consumer behaviour as per the cardinal utility approach?
1. Rational consumer
2. Unlimited money income
3. Utility cardinally measurable
4. Diminishing marginal utility of money
5. Constant marginal utility of commodities
6. Maximisation of satisfaction
7. Utility is additive

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Q245

Which statement(s) is/are correct?

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Q246

In the following wing diagram of a competitive firm, T point includes
Managerial Economics mcq question image

Managerial Economics mcq question image

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Q247

A perfectly competitive industry becomes a monopoly with the same cost conditions, it will now sell

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Q248

Take it or leave it' price discrimination is of

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Q249

The lowest point of the TC curve is

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Q250

MU of nth unit is found by the following formula

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Q251

In the short run analysis, MP = 0 at the level in which

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Q252

Which is the correct statement about GNP?

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Q253

Under perfect competition a firm can produce with

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Q254

Which of the following is the correct statement?
1. The slope of the Isoquants represents the MRTS
2. The MRTS of the inputs x and y =

\frac{M P _{x}}{M P _{y}}

3. The elasticity of substitution between two inputs x and y is proportionate change in the ratio of two inputs divided by proportionate change in the MRTS
4. If degree of homogeneity is greater than one, the production function is increasing returns to fixed factor

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Q255

In short run, the law of variable proportions is also known as the

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Q256

Lerner's index of monopoly power is

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Q257

If the GNP is Rs. 550 crore and NNP is Rs. 475 crore, the depreciation is

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Q258

Who proposed the degrees of price discrimination?

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Q259

When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situ ation is called

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Q260

The indifference curve which is 'L' shaped represents

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