Classical

Managerial Economics - Managerial Economics Multiple Choice Questions

1:  

The economies and diseconomies of large scale production is determined by

A.

The long run AC curve

B.

The long run MC curve

C.

The normal long run AC curve

D.

The normal long run TC curve

 
 

Option: C

Explanation :


2:  

"The concept of marginal utility is useful for explaining diamond-water Paradox". This statement is

A.

Absolutely correct

B.

Absolutely wrong

C.

Partially correct

D.

None of these

 
 

Option: A

Explanation :


3:  

A firm practising price discrimination will be

A.

Buying only from firms selling in bulk at a distance

B.

Buying in cheapest and selling in the dearest markets

C.

Charging different prices in different markets for a product

D.

Charging different prices for different qualities of a product

 
 

Option: C

Explanation :


4:  

The vertical demand curve for a commodity shows that its demand is

A.

Fairly elastic

B.

Perfectly elastic

C.

Highly elastic

D.

Moderately elastic

 
 

Option: B

Explanation :


5:  

A monopolist has control over the price he charges for his product. He will be able to maximise his profit by

A.

Lowering the price, if the demand curve is elastic

B.

Raising the price, if the demand curve is elastic

C.

Lowering the price, if the demand curve is inelastic

D.

None of the above is applicable

 
 

Option: A

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.