Classical

Managerial Economics - Managerial Economics Multiple Choice Questions

6:  

"The price which is necessary to retain a given unit of a factor in a certain industry may be called its transfer earnings or transfer price." Defined by

A.

Prof. Lipsey

B.

Alfred Marshall

C.

Robertson

D.

Joan Robinson

 
 

Option: A

Explanation :


7:  

The real aim of production is

A.

To eliminate poverty

B.

The create material goods

C.

To satisfy people's wants

D.

To provide basic necessities

 
 

Option: C

Explanation :


8:  

Cross elasticity of complementary goods is

A.

Negative

B.

High

C.

Zero

D.

Infinite

 
 

Option: A

Explanation :


9:  

Marginal revenue will be zero if the elasticity of demand is

A.

Equal to zero

B.

Greater than one

C.

Equal to one

D.

Less than one

 
 

Option: C

Explanation :


10:  

Match the following :

(A) For a given 10 percent         1. e > 1 change in price, demand changes by zero percent

(B) For a given 10 percent         2. e - 1 change in price, demand changes by 5 percent

(C) For a given 10 percent         3. e < 1 change in price, demand changes by 10 percent

(D) For a given 10 percent         4. e = 0 change in price, demand changes by 20 percent.

A.

(A) (B) (C) (D)

1    2    3    4

B.

(A) (B) (C) (D)

4    3    2    1

C.

(A) (B) (C) (D)

3    1    2    4

D.

(A) (B) (C) (D)

2    3    1    4

 
 

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.
  • 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.