Classical

Managerial Economics - Managerial Economics MCQ

1:  

The concept of supply curve as used in economic theory is relevant only for the case of

A.

Oligopoly competition

B.

Perfect or pure competition

C.

Monopolistic competition

D.

Monopoly

 
 

Option: B

Explanation :


2:  

Match the following :

(A) Principles of Economics    1. Gunnar Myrdal

(B) Diamond water paradox   2. J. K. Galbraith

(C) Value and Capital             3. Alfred Marshall

(D) Asian Drama                     4. J. R. Hicks

(E) Language of Economics    5. Adam Smith

A.

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

5    2    3    1    4

B.

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

2    4    3    5    1

C.

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

1    2    3    5    4

D.

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

3    5    4    1    2

 
 

Option: D

Explanation :


3:  

Other things being equal, an increase in supply can be caused by

A.

A rise in the income of the consumer

B.

An improvement in the techniques of production

C.

A rise in the price of the commodity

D.

An increase in the income of the seller

 
 

Option: B

Explanation :


4:  

Match the following :

(A) Increasing cost industry   1. Horizontal long run supply curve

(B) Decreasing cost industry  2. Positively sloped long run supply curve

(C) Constant cost industry     3. Negatively sloped long run supply curve

 

A.

(A) (B) (C)

3    2    1

B.

(A) (B) (C)

1    2    3

C.

(A) (B) (C)

2    3    1

D.

(A) (B) (C)

2    1    3

 
 

Option: C

Explanation :


5:  

Direct regulation of business has the potential to yield economic benefits to society when

A.

diseconomies of scale exist.

B.

barriers to entry are absent.

C.

there are no good substitutes for a product.

D.

many firms serve a given market.

 
 

Option: C

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.