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Managerial Economics
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Q481

The economies and diseconomies of large scale production is determined by

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Q482

Who demonstrated the abnormal shape of demand curve for diamonds through the doctrine of conspicuous consumption?

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Q483

Statement I A rectangular hyperbola shaped demand curve has uniform slopes on all its points.
Statement II If the price elasticity is equal to unity, the marginal revenue corresponds to zero.

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Q484

The demand function is a statement of the relationship between

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Q485

Match the following:

List-I (Economist)	List-II (Statement)
a. Samuelson	1. A full account of the demand, or perhaps we can say the state of demands, for any good in given market at a given time should state what the volume of sales would be at each of a series of prices. Such an account taking the form of a tabulary statement, is known as a demand schedule.
b. Benham	2. Relationship between price and quantity bought is called the demand schedule.
c. Marshall	3. The greater the amount to be sold, the smaller must be the price at which it is offered in order that it may find purchasers, or in other words, the demand increases with a fall in price and diminishes with a rise in price.
d. Robinson	4. 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.

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Q486

If the factor prices and factor quantities move in the same direction, we have

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Q487

Marginal revenue, at the quantity that generates maximum total revenue and negative beyond that point, has the value of

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Q488

Value maximization theory fails to address the problem of

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Q489

The time period and elasticity of time are related

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Q490

Rise in general price level along with declining output in the economy is called

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Q491

In the long run, competitive equilibrium theory predicts that

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Q492

Basic Price:

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Q493

Given:
Private income = Rs. 30,000
Tax on Corporate Profit = Rs. 5,000
Undistributed Profit of Corporate = Rs. 4,000
The personal income will be:

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Q494

Production function is not based on the assumption of the

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Q495

Factors determining demand is/are

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Q496

When the law of diminishing returns begins to operate the TVC curve begins to

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Q497

Price control is one of the monopoly regulations which is most advantageous for

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Q498

Match the following:

a. Principles of Economics	1. Gunnar Myrdal
b. Diamond water paradox	2. J. K. Galbraith
c. Value and Capital	3. Alfred Marshall
d. Asian Drama	4. J. R. Hicks
e. Language of Economics	5. Adam Smith

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Q499

A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand

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Q500

A stable equilibrium position is one in which

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