Managerial Economics

A. In the same direction

B. In an insignificant manner

C. In the opposite direction

D. Cannot be known

A. Like monopoly, cartel also maximizes revenue of its members

B. Monopoly and cartel differ in the manner they reach their pricing decisions

C. Unlike monopoly, all members of cartel maximize

D. None of the above

A. $$M{U_x}.{P_x} = M{U_y}.{P_y} = M{U_z}.{P_z}$$

B. $$\frac{{M{U_x}}}{{{P_x}}} = \frac{{M{U_y}}}{{{P_y}}} = \frac{{M{U_z}}}{{{P_z}}} = M{U_m}$$

C. $$\frac{{M{U_x}}}{{{P_y}}} = \frac{{M{U_y}}}{{{P_x}}} = M{U_m}$$

D. $$\frac{{M{U_x}}}{{{P_x}}} < \frac{{M{U_y}}}{{{P_y}}} < \frac{{M{U_z}}}{{{P_z}}}$$

A. Stage I

B. Stage II

C. Stage III

D. None of the above

A. Total utility and marginal utility both to increase

B. Total utility to fall and marginal utility to increase

C. Total utility to fall and marginal utility to become negative

D. Total utility to become negative and marginal utility to fall

A. A. C. Pigou

B. Walras

C. Alfred Marshall

D. David Ricardo

A. Infinity

B. Unitary

C. Negative

D. Positive

A. an increase in costs

B. a reduction in interest rates

C. a reduction in government spending

D. an outward shift in aggregate supply

A. Demonstration effect goods

B. Giffen goods

C. Future -scarcity of goods

D. All of the above

A. Range of substitutes available

B. Joint demand

C. Proportion of income spent on the commodity

D. All of the above