Classical

Managerial Economics - Managerial Economics Questions

76:  

Given:

Private income                                 Rs. 30,000

Tax on Corporate Profit                   Rs. 5,000

Undistributed Profit of Corporate    Rs. 4,000

The personal income will be

A.

Rs. 30,000

B.

Rs. 21,000

C.

Rs. 35,000

D.

Rs. 39,000

 
 

Option: B

Explanation :


77:  

The capital turnover is computed by

A.

Invested Capital/Standard cost

B.

Capital/Cash x 100

C.

Invested Capital/Cash x 100

D.

Standard cost/100

 
 

Option: A

Explanation :


78:  

When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situation is called

A.

Variable cost

B.

Situation of Constant Returns

C.

Fixed cost

D.

Law of Increasing Returns

 
 

Option: B

Explanation :


79:  

If indifference curve has a positive slope, it means

A.

Consumer preferences are unpredictable

B.

Consumer preferences are irrational

C.

X-is a discommodity

D.

Y-is a discommodity

 
 

Option: C

Explanation :


80:  

The price of a commodity is Rs. 20 and the quantity demanded at this price is 200 units. If the price falls to Rs. 16 and the quantity demanded increases to 280 units, calculate the price (arc) elasticity

A.

1.6

B.

1.5

C.

1.9

D.

1.3

 
 

Option: B

Explanation :




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