Managerial Economics - Managerial Economics Multiple Choice Questions

1. Home
2. UGC NET Management Practice Questions
3. Managerial Economics
4. Managerial Economics Multiple Choice Questions

46:  

Consider a demand curve which takes the form of a straight line cutting both axis. Elasticity at the mid-point of the line would be

A.	1.5
B.	1.0
C.	0
D.	2.0
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

47:  

In long run competitive equilibrium

A.	The marginal firm will earn no profit
B.	Every firm will incur losses
C.	Every firm will earn only normal profit
D.	Every firm will earn economic profit
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

48:  

A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand

A.	Remains the same
B.	Decreases
C.	Increases
D.	is zero
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

49:  

In the long-run, due to blocked entry pure profits can be made by

A.	Pure duopolist
B.	Pure monopolist
C.	Pure oligopolist
D.	None of the above
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

50:  

Risk neutrality implies a

A.	constant utility of income.
B.	constant marginal utility of income.
C.	diminishing marginal utility of income.
D.	increasing marginal utility of income.
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

• «
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 14
• 15
• 16
• 17
• 18
• 19
• 20
• »