Classical

Managerial Economics - Managerial Economics Questions

66:  

The change to a new indifference curve following a rise in aggregate consumption caused by a price cut is:

A.

a consumption effect.

B.

a price effect.

C.

an income effect.

D.

a substitution effect.

 
 

Option: C

Explanation :


67:  

Which is not the feature of oligopoly?

A.

Conflicting attitudes of firms

B.

Advertising and sales promotion

C.

One firm

D.

Few sellers

 
 

Option: C

Explanation :


68:  

Calculate price elasticity of demand if

Q1 = 4000 P1 = Rs. 20

Q2 = 5000 P2 = Rs. 19

A.

Rs. 5

B.

Rs. 9

C.

Rs. 6

D.

Rs. 3

 
 

Option: A

Explanation :


69:  

Given:

NNP at Factor Cost                              Rs. 15,560

Transfer Payment by Govt.                 Rs. 240

Net donation (private)                         Rs. 30

Interest on National Loan                    Rs. 170

Income from Domestic Production       Rs. 140

The private income will be :

A.

Rs. 15,860

B.

Rs. 12,000

C.

Rs. 13,000

D.

Rs. 19,000

 
 

Option: A

Explanation :


70:  

Which of the following is necessary condition for price discrimination?

A.

There must be imperfect competition in the market

B.

The elasticity of demand must be different in different markets

C.

Different markets must be separable for a seller to be able to practice discriminatory pricing

D.

All of the above

 
 

Option: D

Explanation :




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