Classical

Managerial Economics - Managerial Economics MCQ

81:  

Normal profits are considered as

A.

Social costs

B.

Implicit costs

C.

Explicit costs

D.

Both (b) and (c)

 
 

Option: D

Explanation :

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82:  

A profit-maximising monopolist in two separate markets will

A.

Always charge a higher price in the market where he sells less

B.

Always charge a higher price in the market where he sells more

C.

Charge the same price in both markets

D.

Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost

 
 

Option: D

Explanation :

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83:  

Increasing returns imply

A.

External economies

B.

Diminishing cost per unit of output

C.

Optimum use of capital and factor

D.

Constant average cost

 
 

Option: B

Explanation :

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84:  

All of the following curves are U-shaped except

A.

The AC curve

B.

The AFC curve

C.

The AVC curve

D.

The MC curve

 
 

Option: B

Explanation :

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85:  

External economies are witnessed in

A.

A falling demand curve

B.

A rising demand curve

C.

A falling supply curve

D.

A rising supply curve

 
 

Option: C

Explanation :

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