Management · all questions

Managerial Economics
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Q441

The law of increasing returns is only applicable to agriculture; according to

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Q442

The concept of monopsony (buyer's monopoly) was invented by

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Q443

Price discrimination will not be a good approach for

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Q444

Efficient allocation of resources is likely to be achieved under

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Q445

When the TR curve and TC curve are parallel and TR exceeds TC

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Q446

Which is an inverted 'U' shaped curve?

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Q447

Match the following:

List-I (Economist)	List-II (Statement)
a. Malcoln E. Mc-Nair and Richard	1. Managerial Economics consists of the use of economic model of thought to analyse business situation.
b. Joel Dean	2. The purpose of managerial economics is to show how economic analysis can be used in formulating business policies.
c. Milton and Siegelman	3. Managerial Economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by management.
d. Edwin	4. Managerial Economics attempts to bridge the gap between the purely analytical problems that intrigue many economic theorists and the problems of policies that management must face.

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Q448

Income method for measuring GNP considers

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Q449

Arc elasticity gives a better measure of point elasticity of a curvilinear demand curve as

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Q450

The revealed preference theory assumes

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Q451

For the following two statements of Assertion (A) and Reason (R) suggest the correct option.
Assertion (A) Low initial price regarded as the principal means for entering into mass market for some new products.
Reason (R) Firms generally enter into production of new products with excess capacity of the plant initially.

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Q452

Match the following:

List-I (Subject of Managerial Economics)	List-II (Example)
a. Business Environment	1. Govt. Policies
b. Capital Management	2. Cost of Capital
c. Profit Management	3. Profit Planning
d. Cost Analysis	4. Cost Concept
	5. Price System

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Q453

The degree of monopoly power can be measured by the formula

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Q454

Price discrimination is possible when

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Q455

The LAC curve is tangent to the lowest point on the SAC curves when the LAC curve is

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Q456

Under price discrimination, price will be higher in the market where demand is

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Q457

Direct regulation of business has the poten tial to yield economic benefits to society when

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Q458

Match the following:

a. For a given 10 percent change in price, demand changes by zero percent	1. e > 1
b. For a given 10 percent change in price, demand changes by 5 percent	2. e = 1
c. For a given 10 percent change in price, demand changes by 10 percent	3. e < 1
d. For a given 10 percent change in price, demand changes by 20 percent	4. e = 0

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Q459

Match the following:

List-I (Items)	List-II (Applications)
a. Additional Value	1. $\frac{Proposed Expenditure}{Contribution per units}$
b. MOS	2. Total sales - B.E. sales
c. MOS (in percent)	3. $Profit \div \frac{Contribution}{Sales}$
d. Sales (in Rs.)	4. $\frac{FC + Profit}{1 - \frac{VC}{Sales}}$

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Q460

Increasing returns imply

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