Classical

Managerial Economics - Managerial Economics Objective Type Questions

6:  

"Utils" is a term used

A.

To mean marginal utility

B.

By Walras to measure cardinal utility

C.

By Marshal in Demand theory

D.

None of the above

 
 

Option: B

Explanation :


7:  

Iso-quants are also known as

A.

Equal cost curves

B.

Equal revenue curves

C.

Equal product curves

D.

Indifference curves

 
 

Option: C

Explanation :


8:  

A set of all possible production combinations while producing two commodities is

A.

Iso cost line

B.

Isoquant map

C.

Production possibility curve

D.

Production functions

 
 

Option: C

Explanation :


9:  

Which of the following is most closely connected with Paul A. Samuelson?

A.

Liquidity preference theory

B.

Marginal utility analysis

C.

Revealed preference theory

D.

Indifference curve analysis

 
 

Option: C

Explanation :


10:  

Marginal product becomes negative

A.

When total output grows swiftly

B.

When total output turns down

C.

In no circumstances

D.

When total output ceases to grow swiftly

 
 

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.
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