Management · all questions

Managerial Economics
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Q121

Even in the long run equilibrium, the pure monopolist (as opposed to the perfectly competitive firm) can make abnormal profits because of

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Q122

Marginal cost curve always cuts the average cost curve

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Q123

Given:

E_{p x} = \frac{Percentage change in Q _{y}}{Percentage change in P _{x}}

The above relationship is:

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Q124

For a production firm, the pecuniary economies arise from which one of the following sources?

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Q125

The limit to the long-run growth of a firm under imperfectly competitive conditions is set by

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Q126

If a demand curve exhibits unit elasticity for all prices, the MR curve

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Q127

Under bilateral monopoly the price is higher if

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Q128

Which of the following statement is correct?

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Q129

A circumstance in which it might pay a monopolist to cut the price of his product is where

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Q130

Match the items of the List-I with those of the List-II and indicate the correct answer.

List-I	List-II
a. Positive income elasticity	1. Substitute goods
b. Negative income elasticity	2. Complementary goods
c. Positive cross elasticity	3. Inferior goods
d. Negative cross elasticity	4. Superior goods

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Q131

When the income elasticity of demand is greater than unity, the commodity is

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Q132

Consider a demand curve which takes the form of a straight line cutting both axis elasticity at the mid-point of the line would be

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Q133

The change to a new indifference curve following a rise in aggregate consumption caused by a price cut is:

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Q134

Which of the following will not be considered while calculating national income by product method?

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Q135

Marginal utility approach' was finalised by

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Q136

The study of national income accounts is of great importance because it
1. reveals the changes in the size and composition of the national product.
2. provides us with information about the distribution of national income in the society among various groups.
3. reveals the manner in which national expenditure is divided between consumption and investment.

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Q137

Which of the following is/are the causes of demand curves moving downwards to the right?

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Q138

A rise in the price of a commodity will generally call forth a bigger supply and this will be brought about partly by existing firms expanding their output and partly by

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Q139

Kinky demand curve hypothesis was put forward by

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Q140

In the context of Prisoner's dilemma, which one of the following is correct?

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