Average fixed cost can be obtained through
Select an option to see the answer and solution.
Management · all questionsManagerial Economics
Managerial Economics
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
542
Questions
2/28
Page
Pick an option on a question to see the right answer and solution.
In general, if the average revenue curve is a straight line, the marginal revenue curve will be
Select an option to see the answer and solution.
Match the following.
| List-I | List-II |
| a. Monopoly | 1. Single buyer, Single seller |
| b. Oligopoly | 2. Single seller, Many buyers |
| c. Monopsony | 3. Single buyer, Many sellers |
| d. Duopoly | 4. Few sellers, Many buyers |
| e. Bilateral monopoly | 5. Two sellers, Many buyers |
Select an option to see the answer and solution.
If the demand curve confronting an individual firm is perfectlyelastic, than
Select an option to see the answer and solution.
The national income of a country for a given period is equal to the
Select an option to see the answer and solution.
Any supply curve which is a straight line passing through the origin whatever its slopes will possess
Select an option to see the answer and solution.
Which one of the following factors is included in estimating national income?
Select an option to see the answer and solution.
In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
Select an option to see the answer and solution.
Match the following.
| List-I (Market Structure) | List-II (Price Elasticity of Demand) |
| a. Perfect Competition | 1. Very small |
| b. Monopolistic Competition | 2. Small |
| c. Oligopoly | 3. Large |
| d. Monopoly | 4. Infinite |
Select an option to see the answer and solution.
The smoothness and continuity of an indifference curve means that goods in question are assumed to be
Select an option to see the answer and solution.
Match the following.
| List-I (Types of Market) | List-II (Nature of Industries) |
| a. Perfect Competition | 1. Financial markets |
| b. Monopolistic Competition | 2. FMCG market |
| c. Oligopoly | 3. Cars |
| d. Monopoly | 4. Transport |
Select an option to see the answer and solution.
In case the demand elasticity under imperfect competition is unity, the marginal revenue will be
Select an option to see the answer and solution.
A movement along a demand curve indicates that a different quantity is being demanded. This movement is due to
Select an option to see the answer and solution.
The concept of MU for explaining diamond-water paradox is
Select an option to see the answer and solution.
A firm under perfect competition faces for its product
Select an option to see the answer and solution.
The optimum output is the one which is produced
Select an option to see the answer and solution.
Which of the following market situations explains marginal cost equal to price for attaining equilibrium?
Select an option to see the answer and solution.
The law of equi-marginal utility states
Select an option to see the answer and solution.
Gross national savings measure the
Select an option to see the answer and solution.
Transfer payments by the government are not included in the net domestic product because
Select an option to see the answer and solution.