Management · all questions

Managerial Economics
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

542

Questions

20/28

Page

Pick an option on a question to see the right answer and solution.

Q381

For perfect competition, indicate the correct answer for essential conditions from the following.
1. Large number of buyers and sellers
2. Perfect knowledge of the market
3. Homogeneous product for sale
4. Absence of transportation cost
5. Freedom of entry and exit of buyers and sellers from the market
6. Rational Behaviour of buyers and sellers

Select an option to see the answer and solution.

Q382

Competition

Select an option to see the answer and solution.

Q383

Which of the following methods were used by the conventional series in computing national income in India?
1. Output method
2. Expenditure method
3. Income metliod
Select the correct answer

Select an option to see the answer and solution.

Q384

When the perfectly competitive firm and industry are both in long run equilibrium

Select an option to see the answer and solution.

Q385

One equates price and MC to maximise profit the other one equates MC and MR for the same purpose; they are

Select an option to see the answer and solution.

Q386

At the point where a straight line from the origin is tangent to the TC curve, AC

Select an option to see the answer and solution.

Q387

Price taker firms

Select an option to see the answer and solution.

Q388

Where the leading firms in an industry combine to pursue a common policy in their interest but retain their separate identities, such combination is generally known as

Select an option to see the answer and solution.

Q389

Short-run cost curves are influenced by

Select an option to see the answer and solution.

Q390

Match the following:

List-I (Economist)	List-II (Statement)
a. Robinson	1. The elasticity of demand at any price or at any output is the proportional change of amount purchased in response to a small change in price divided by the proportional change in price.
b. Boulding	2. The elasticity of demand may be defined as the percentage change in quantity demanded which would result from one percent change in price.
c. A. Cairncross	3. The elasticity of demand for a commodity is the rate at which the quantity bought changes as the price changes.
d. Marshall	4. The elasticity for demand in a market is great or small according as the amount demand increases much or little for a given fall in price, and diminishes much or little for a given rise in price.

Select an option to see the answer and solution.

Q391

If a commodity sold under monopoly is got free of cost, MC curve will be

Select an option to see the answer and solution.

Q392

The theory of 'circular causation' was developed by

Select an option to see the answer and solution.

Q393

Which of the following best describes the financial crisis of 2008?

Select an option to see the answer and solution.

Q394

The elasticity of substitution between two inputs in CES production function

Select an option to see the answer and solution.

Q395

Who stated that "Money inflation should be compared to dacoit"?

Select an option to see the answer and solution.

Q396

The goods whose demand is not tied with the demand for some other goods are said to have

Select an option to see the answer and solution.

Q397

Under the perfect competition, the transpor tation cost

Select an option to see the answer and solution.

Q398

The point which shows the maximum marginal product in the total product curve represents

Select an option to see the answer and solution.

Q399

Which of the following is necessary condition for price discrimination?

Select an option to see the answer and solution.

Q400

In case of elasticity of demand for AR is unity, MR curve will coincide with

Select an option to see the answer and solution.

Prev 18 19 20 21 22 Next