Classical

Managerial Economics - Managerial Economics Questions

81:  

Demand is a function of

A.

Price

B.

Firm

C.

Product

D.

Cost

 
 

Option: A

Explanation :

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82:  

Elasticity of demand measures the

A.

responsiveness of sales to change in advertisement expenditure

B.

responsiveness of demand to change in supply of goods

C.

change in price due to change in demand

D.

change in demand due to change in tastes of consumer

 
 

Option: A

Explanation :

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83:  

NNP at factor cost will be

A.

NNP - Depreciation

B.

Cost of Assets

C.

Dividend

D.

NNP at Market Price - Indirect Taxes + Subsidy

 
 

Option: D

Explanation :

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84:  

The demand function yield price function is given below. The price for market A will be :

(Pa = 32 - 2Qa)

A.

28

B.

24

C.

25

D.

30

 
 

Option: B

Explanation :

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85:  

Which one of the following formula will be used for computing the price elasticity of demand?

A.

% Change in price/Cost x 100

B.

% Change in quantity demanded/% change in price

C.

Change in quantity demanded/Supply x 100

D.

National income/Cost x 100

 
 

Option: B

Explanation :

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