Classical

Managerial Economics - Managerial Economics Objective Type Questions

1:  

The MC curve cuts the AVC and ATC curves

A.

At different points

B.

At the falling parts of each

C.

At their respective minimal

D.

At the rising parts of each

 
 

Option: C

Explanation :


2:  

The law of equi-marginal utility states

A.

MUx/Px > MUy/Py > MUz/Pz > MUm

B.

MUx/Px = MUy/Py = MUz/Pz = MUm

C.

MUx • Px = MUy • Py = MUz • Pz

D.

MUx/Px < MUy/Py < MUz/Pz < MUm

 
 

Option: B

Explanation :


3:  

The optimal output decision

A.

minimizes the average cost of production.

B.

minimizes the marginal cost of production.

C.

minimizes production costs.

D.

is most consistent with managerial objectives.

 
 

Option: D

Explanation :


4:  

Which of the following occupations should be included under the heading of "Primary production"?

(1) Quarrying (2) Fishing

(3) Farming (4) Coal mining

A.

1 and 3

B.

1 and 2

C.

1 only

D.

1, 2, 3 and 4

 
 

Option: D

Explanation :


5:  

If, by increasing the quantity of labour used by one unit, the firm can give up 2 units of capital and still produce the same output, then the MRTSLK is:

A.

4

B.

2

C.

1

D.

1/2

 
 

Option: B

Explanation :




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  • Managerial Economics MCQ can be used for the preparation of quizzes.
  • Managerial Economics Questions Answers can be used to prepare for UGC NET Commerce, UGC NET JRF and many more.
  • Managerial Economics objective type questions answers can be used in the preparation of Ph. D Entrance exams.
  • Managerial Economics multiple choice questions answers can be used to gain a credit score in various undergraduate and post graduate courses.
  • These questions can also be used by any students for improving their knowledge in Managerial Economics
  • These mcq can also be used by any student of XI or XII standard who has opted to study commerce to increase his knowledge in Managerial Economics.
  • These Managerial Economics questions  can also  be used to prepare for interviews.