Management · all questions

Managerial Economics
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Q261

In a monopoly market, an upward shift in the market demand results in a new equilibrium with

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Q262

A monopolist charging high price operates on

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Q263

An agreement among firms in a market about quantities to produce or prices to change is called

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Q264

A loss bearing firm will continue to produce in the short run so long as the price at least covers

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Q265

Match the following:

List-I (Items of BEP)	List-II (Formula)
a. BEP	1. $\frac{FC}{P/V Ratio}$
b. Contribution	2. Sales × P/V Ratio
c. Margin of safety	3. $\frac{Profit}{P/V Ratio}$
d. Calculation of changes in BEP if non-variable costs are increased/decreased	4. $\frac{Change in Non-variable Costs}{P/V Ratio}$

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Q266

"We are much better off when drawing purely imaginary indifference curves than we are when speaking of purely imaginary utility functions". This is remarked by

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Q267

Increasing unemployment and inflation is a situation of`

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Q268

In finding equilibrium position of a profit maximising firm, which technique is most convenient?

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Q269

The Law of Diminishing Returns depends on the assumption that

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Q270

The cost assigned to factors of production that the firm neither hires nor purchases is called

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Q271

When the economist speaks of an increase in demand, he is usually referring to a

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Q272

The change in TR resulting from the sale of one unit more of output, means

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Q273

The MC curve reaches its minimum point before the AVC curve and the AC curve. In addition the MC curve intersects the AVC curve and the AC curve at their lowest point. The above statements are both true

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Q274

"The more nearly perfect a market is, the stronger is the tendency for the same price to be paid for the same thing at the same time in all parts of the market" is the definition of perfect competition by

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Q275

The monopolists shift up their SAC and SMC curves because of the imposition of

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Q276

A demand curve which takes the form of a horizontal line parallel to the quantity axis illustrates elasticity which is

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Q277

By "normal profits" is meant

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Q278

When a monopolist is in

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Q279

Even if costs increase, the MC remains unaffected, the cost is

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Q280

Bilateral monopoly means

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