51. The Revealed Preference Theory is based on
52. If the supply curve remains unchanged and the demand increases, the price will
53. Marginal Utility (MU) curve is always
54. Which one is the technique of measuring elasticity of demand?
55. Law of demand implies
56. A high value of cross elasticity indicates that the two commodities are
57. Government regulation is important because government
58. "Price is the amount of money and/or other item with utility needed to acquire a product", is given by
59. If marginal cost is above average variable at a time when output is rising, then
60. From the following two statements of Assertion (A) and Reason (R) suggest the correct option.
Assertion (A) The equilibrium price is decided at the level where the quantity demanded equals the quantity supplied.
Reason (R) At this level excess of demand and excess of supply both remain zero.
Assertion (A) The equilibrium price is decided at the level where the quantity demanded equals the quantity supplied.
Reason (R) At this level excess of demand and excess of supply both remain zero.
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