Managerial Economics

A. indifference curve analysis

B. utility theory

C. revealed preference theory

D. consumption analysis

A. Total costs and total revenue are equal

B. Price and marginal revenue are equal

C. Price exceeds marginal revenue

D. Elasticity of demand for the product is unity

A. increases with rise in price

B. decreases with fall in price

C. increases with fallin price

D. has no affect of price change

A. Rationality

B. Diminishing marginal utility of money

C. Utility cardinally measurable

D. Maximisation of satisfaction with limited money income

A. To eliminate poverty

B. The create material goods

C. To satisfy people's wants

D. To provide basic necessities

A. ATC is falling

B. AVC is rising

C. AVC is falling

D. ATR is rising

A. restricts output

B. enhances product-market competition

C. increases the bargaining power of workers

D. increases the bargaining power of employers

A. A straight line from the origin to the mid point of the curve

B. The slope of a tangent to the curve at any given output

C. AU-Shaped curve cutting the total cost curve at its lowest point

D. A straight line cutting the curve at its lowest point

A. The same proportionate change in demand

B. A more than proportionate change in quantity demanded

C. A less than proportionate change in quantity demanded

D. No change in demand

A. Average cost and marginal cost curves to shift up, because the per unit tax is like a fixed cost

B. Average cost curve to shift up

C. Average cost and marginal curves to shift up because the per unit tax is like a variable cost

D. All of the above