Managerial Economics

Ceteris paribus, a change in the price of a commodity causes the quantity purchased of its complements to move

"The price which is necessary to retain a given unit of a factor in a certain industry may be called its transfer earnings or transfer price." Defined by

In the income, distributed method for finding out national income, which one is not considered as factor income?

Which of the following are not the assumptions related to the theory of consumer behaviour as per the cardinal utility approach?
1. Rational consumer
2. Unlimited money income
3. Utility cardinally measurable
4. Diminishing marginal utility of money
5. Constant marginal utility of commodities
6. Maximisation of satisfaction
7. Utility is additive

Which statement(s) is/are correct?

In the following wing diagram of a competitive firm, T point includes

A perfectly competitive industry becomes a monopoly with the same cost conditions, it will now sell

Take it or leave it' price discrimination is of

The lowest point of the TC curve is

MU of nth unit is found by the following formula