Managerial Economics

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Managerial Economics - Managerial Economics MCQ

46:

Gossen's Second law states that

A.	The consumers consume only when P_x/P_y = MU_m
B.	When the income increases the money value or real income will decrease
C.	Once a person has spent his entire income he would have maximised his total pleasure from it only if the satisfaction gained from the last item of each commodity bought was the same
D.	None of these
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

47:

Managerial economics cannot be used to identify

A.	microeconomic consequences of managerial behavior.
B.	how macroeconomic forces affect the organization.
C.	goals of the organization.
D.	ways to efficiently achieve the organization's goals.
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

48:

One equates price and MC to maximise profit the other one equates MC and MR for the same purpose; they are

A.	Monopolist and perfect competitor
B.	Oligopolist and monopolist
C.	Monopsonist and perfect competitor
D.	Perfect competitor and duopolist
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. payal said: (12:56am on Saturday 26th May 2018) plz explain how Write your comments here: Updating your Comments.. Updating your Comments..

49:

Increasing returns to scale can be explained in terms of

A.	External and internal diseconomies
B.	External and internal economies
C.	External diseconomies and internal economies
D.	Optimum factor combination
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

50:

A rightwards shift in supply curve indicates

A.	An increase in quality supplied
B.	A decrease in supply
C.	An increase in supply
D.	None of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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