Q101
Open questionThe market demand function for a product is a statement of the relationship between the
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Management · all questionsManagerial Economics
Managerial Economics
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Q102
Open questionTotal utility of a commodity can be found by
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Q103
Open questionA product that enjoys rapidly growing demand over time is likely to be
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Q104
Open questionThe demand function yield price function is given below, the price for market will be: (Pb = 32 - Qb)
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Q105
Open questionThe competitive equilibrium leads to
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Q106
Open questionThe period of time in which the plant capacity can be varied is known as
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Q107
Open questionWhich is true?
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Q108
Open questionMonopoly situation is not desirable mainly because of the monopolist.
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Q109
Open questionMatch the items of the List-I with that of the List-II and suggest the correct answer from the following.
| List-I | List-II |
| a. Cost function | 1. Kinked demand |
| b. Supply function | 2. Isoquants |
| c. Production function | 3. Engineering method |
| d. Oligopoly | 4. Factor prices |
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Q110
Open questionIn general, profit will be at a maximum where
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Q111
Open questionWhich of the following is/are the assumptions of indifference curve analysis?
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Q112
Open questionThe Law of equi-marginal utility tells that if price of commodity falls
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Q113
Open questionThe marginal utility of a product is measured by
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Q114
Open questionCalculate elasticity of demand:
Given: That a 20% increase in the price of Bread causes the amount of Bread you buy to fall by 40%
Given: That a 20% increase in the price of Bread causes the amount of Bread you buy to fall by 40%
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Q115
Open questionMatch the following.
| List-I (Values of MRSxy) |
List-II |
| a. MRSxy is diminishing | 1. L shaped indifference curve |
| b. MRSxy is constant | 2. Indifference curve is concave to the origin |
| c. MRSxy is increasing | 3. Indifference curve is straight line sloping downwards to the right |
| d. MRSxy is zero | 4. Indifference curve must be convex to the origin |
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Q116
Open questionIndicate the correct answer from the following types of the long run average cost curves on which the minimum average cost of production in long run can be determined.
1. Long run average cost curve under normal production function
2. Long run average cost curve under linearly homogeneous production function
3. Planning curve
4. Envelope curve
1. Long run average cost curve under normal production function
2. Long run average cost curve under linearly homogeneous production function
3. Planning curve
4. Envelope curve
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Q117
Open questionThe relationship between elasticity of demand (e), AR and MR can be established as
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Q118
Open questionAll of the following curves are U-shaped except
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Q119
Open questionFor the purpose of measuring national income in India, CSO uses which of the following methods?
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Q120
Open questionThe marginal revenue equation can be derived from the
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