41. Each short run AC curve coincides with LAC at
42. NNP = ?
43. A monopolist has control over the price he charges for his product. He will be able to maximise his profit by
44. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer.
Assertion (A) A price reduction leads to an increase in the quantity demanded of the commodity.
Reason (R) It results from price effects comprising income and substitutions effects which are always positive.
Assertion (A) A price reduction leads to an increase in the quantity demanded of the commodity.
Reason (R) It results from price effects comprising income and substitutions effects which are always positive.
45. Match the following:
List-I (Subject of Managerial Economics)
List-II (Example)
a. Demand Analysis
1. Demand forecasting
b. Cost and Product Analysis
2. Cost output relationship
c. Capital Management
3. Price Estimates
d. Profit Management
4. Profit Policies
| List-I (Subject of Managerial Economics) | List-II (Example) |
| a. Demand Analysis | 1. Demand forecasting |
| b. Cost and Product Analysis | 2. Cost output relationship |
| c. Capital Management | 3. Price Estimates |
| d. Profit Management | 4. Profit Policies |
46. Calculate elasticity of sales if a 20% increase in the advertising expenditure causes the amount of sales to increase by 40%.
47. Which of the following persons is engaged in "secondary production"?
1. A bricklayer
2. An automobile assembly-line worker
3. An accountant
4. A cinema projectionist
1. A bricklayer
2. An automobile assembly-line worker
3. An accountant
4. A cinema projectionist
48. In long run competitive equilibrium
49. The fixed cost of production of the firm is Rs. 20 crore and advertisement cost is Rs. 4 crore. The firm has the contribution margin, (P-AVC) as Rs. 100. In order to reach its target profit of Rs. 6 crore, the firm will target an output of
50. A monopoly producer usually earns
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