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Management · all questions

Managerial Economics
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A concept which has importance in the equilibrium analysis and thus economic analysis is

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Thomas Malthus believed

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For an economy which consist of single automobile maker and that in year 2014, 30,000 vehicles are produced with an average price of Rs. 5 lakh. For this economy what would be the increase in the nominal GDP for 2015 compared with 2014 with the 4% greater automobile production and 8% inflation.

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In the long run, competitive equilibrium

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Under perfect competition, the long run equilibrium of the firm is established at

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Marginal cost curve

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Given:
Managerial Economics mcq question image
The given curve is a

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The law of diminishing returns or increasing cost will operate at an earlier level in agriculture than in industry because

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When a monopolist is able to sell each separate unit of the output at a different price according to the pocket of the customer, he is applying

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Macro-economics basically concerns with which of following in an economy?

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Isoquant refers to

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Written in this form, the CES constant Elasticity of substitution production function exhibits

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The area which lies under the demand curve for a given good measures

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The economically relevant range of the total utility curve is the portion over which

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Indicate the correct answer for the scope of managerial economics from the following.
1. Demand analysis
2. Production and cost analysis
3. Pricing and investment decisions
4. Factor pricing decisions
5. Economic environmental analysis

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Assertion (A) The perceived risk of operating a domestic firm in international environment is much higher.
Reason (R) The international environment is more volatile and the domestic firm generally does not have full information about the environment.

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The MC curve cuts AVC and ATC curves at

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The share of revenues paid to suppliers does not depend upon

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If the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is

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Demand is a function of

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