Managerial Economics

A. Perfect inelasticity

B. Perfect elasticity

C. Unit elasticity

D. Zero elasticity

A. Charges for electricity

B. Wages of the labour

C. Interest on owned money capital

D. payment for raw materials

A. Reductions in unit cost of production

B. Reductions in unit cost of distribution

C. Addition to the unit cost of production

D. Reduction in the total cost of production

A. Always charge a higher price in the market where he sells less

B. Always charge a higher price in the market where he sells more

C. Charge the same price in both markets

D. Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost

A. GDP = GNP

B. GDP > GNP

C. GDP

D. GDP ≤ = GNP

A. Is illegal in the U.S.

B. Behaves as the multiplant monopolist if it wants to minimise the total cost of production

C. Leads to the monopoly situation

D. All of the above

A. Law of substitution

B. Law of maximum satisfaction

C. Gossen's second law

D. All of the above

A. Government policy

B. Impact of advertisement

C. Climatic conditions

D. None of the above

A. A measure of the responsiveness of the quantity demanded to changes in the price of the product, holding constant the values of all other variables in the demand function

B. A technical change in the goodwill of the firm

C. A technical change in the cost of product

D. Technical change in the value

A. 1

B. 5

C. 2.5

D. 3