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Managerial Economics

Managerial Economics Page-6 section-4

Each section contains 100 MCQs on Managerial Economics .
51
A firm maximises its profit when
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Answer: Option C
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52
A set of all possible production combinations while producing two commodities is
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Answer: Option C
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53
An indifference curve is always
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Answer: Option B
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54
If more is demanded at the same price or the same quantity is demanded at a higher price, this is known as
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Answer: Option C
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55
Which is not the feature of oligopoly?
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Answer: Option C
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56
When at a given price, the quantity demanded of a commodity is more than the quantity supplied, there will be
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Answer: Option A
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57
Which of the following is called as the Gossen's First Law?
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Answer: Option C
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58
Other things remaining the same, when a consumer's income increases, his equilibrium point moves to
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Answer: Option A
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59
In the market-oriented system, for the allocation of resources which one of the following is the most appropriate conveyor of information?
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Answer: Option C
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60
Increasing returns to scale can be explained in terms of
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Answer: Option B
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