Classical

Managerial Economics - Managerial Economics Questions

51:  

National income is

A.

The net output of commodities and services flowing during a year from the country's productivity system in the hands of the ultimate consumers

B.

The net interest

C.

The net dividend

D.

The net depreciation

 
 

Option: A

Explanation :


52:  

Match the following :

List-I (Theory)                              List-II (Relation)

(A) Say's Law of market                    1. Employment

(B) Keynes's Psychological Law         2. Consumption

(C) Paradox of thrift                          3. Saving

(D) Marshall                                       4. Population

                                                          5. Production

A.

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

1    2    3    4

B.

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

1    4    3    2

C.

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

3    2    1    4

D.

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

3    4    2    1

 
 

Option: A

Explanation :


53:  

Match the following :

List-I (Items)                             List-II (Applications)

(A) Profit                                      1. Sales - (VC + FC

(B) Margin of safety                     2. FC + Profit/Sales - VC

(C) Sales in Rs.                            3. FC + Profit/1 – VC/Sales

(D) Contribution margin per unit  4. Fixed Cost/BEP in units

                                                     5. Profit + TFC

A.

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

1    2    3    4

B.

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

1    5    2    4

C.

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

3    1    2    4

D.

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

3    4    2    1

 
 

Option: B

Explanation :


54:  

Under competitive conditions, the industry will be in equilibrium

A.

When each firm is in equilibrium equating MC with MR

B.

When all the firms are earning only normal profits

C.

When firms outside have no tendency to enter the industry and those within, have no tendency to leave the industry

D.

When all the three conditions are fulfilled.

 
 

Option: D

Explanation :


55:  

Given

Price

Demand

Rs. 7

10

Rs. 6

20

Rs. 5

30

Rs. 4

40

Rs. 3

50

Rs. 2

60

Rs. 1

70

The above table indicates the

A.

Demand Schedule

B.

Price Table

C.

Demand Rule

D.

Demand Curve

 
 

Option: A

Explanation :




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