Managerial Economics

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Each section contains 100 MCQs on Managerial Economics .

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

A) Identical with the X-axis B) Identical with Y-axis C) A horizontal straight line above X-axis D) Identical with the MR

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

The theory of 'circular causation' was developed by

A) J. R. Hicks B) Robinson C) Ragnar Nurkse D) Taylor

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

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

A) Liberal availability of mortgages B) Poor standard of lending to buy houses C) An increase in asymmetric information, severe adverse selection and moral hazards in financial markets D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

The elasticity of substitution between two inputs in CES production function

A) Decreases continuously B) Increases continuously C) Remains constant D) None of these

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

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

A) Crowther B) Keynes C) Taylor D) C. N. Vakil

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

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

A) independent demand B) free demand C) autonomous demand D) individual demand

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Under the perfect competition, the transpor tation cost

A) Is considered to be negligible and thus, ignored B) Is charged along with the price of the commodity C) Is considered to be vital for the calculation of total cost D) Excluded from the prime cost

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

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

A) Expansion path B) Producer's equilibrium C) Least cost combination D) Point of inflexion

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is necessary condition for price discrimination?

A) There must be imperfect competition in the market B) The elasticity of demand must be different in different markets C) Different markets must be separable for a seller to be able to practice discriminatory pricing D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

100

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

A) X-axis B) parallel to X-axis C) Y-axis D) intersect X-axis

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

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