Classical

Managerial Economics - Managerial Economics Objective Type Questions

36:  

Consumers are likely to get a variety of goods under

A.

Imperfect competition

B.

Monopoly

C.

Perfect competition

D.

Oligopoly

 
 

Option: A

Explanation :


37:  

Excess capacity is not found under

A.

Monopolistic competition

B.

Monopoly

C.

Perfect competition

D.

Oligopoly

 
 

Option: C

Explanation :


38:  

Who demonstrated the abnormal shape of demand curve for diamonds through the doctrine of conspicuous consumption?

A.

Thorstein Veblen

B.

David Ricardo

C.

Robert Giffen

D.

Alfred Marshall

 
 

Option: A

Explanation :


39:  

A firm under perfect competition faces for its product

A.

A horizontal demand curve

B.

A vertical demand curve

C.

An upward rising demand curve

D.

A downward sloping demand curve

 
 

Option: A

Explanation :


40:  

Which of the following creates time utility?

A.

Driver

B.

Carpenter

C.

Trader

D.

Farmer

 
 

Option: C

Explanation :




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