Classical

Managerial Economics - Managerial Economics Objective Type Questions

86:  

Which one of the following is identical with multiplant monopolist?

A.

Cartel aiming at joint profit maximisation

B.

Market sharing cartels

C.

Oligopoly with low-cost firm as leader

D.

Oligopoly with dominant firm as leader

 
 

Option: A

Explanation :

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87:  

Which of the following concepts are most closely associated with Alfred Marshall?

A.

Marginal utility theory

B.

Modern theory of wage

C.

Price mechanism under monopoly

D.

Interest theory

 
 

Option: A

Explanation :

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88:  

In the case of an inferior commodity, the income elasticity of demand is

A.

Infinity

B.

Unitary

C.

Negative

D.

Positive

 
 

Option: C

Explanation :

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89:  

The general average curve is also known as

A.

Total marginal unit cost curve

B.

Average total unit cost curve

C.

Total unit cost curve

D.

Total variable unit cost curve

 
 

Option: B

Explanation :

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90:  

The AR curve and industry demand curve are same

A.

In case of monopoly

B.

In case of perfect competition

C.

In case of oligopoly

D.

None of the above

 
 

Option: A

Explanation :

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