Classical

Managerial Economics - Managerial Economics Questions

91:  

GNP =

A.

Wages

B.

GDP + interest

C.

GDP + Net Factor Income from abroad

D.

GDP + Net Depreciation

 
 

Option: C

Explanation :


92:  

The third degree price discrimination may be suitably practised between :

A.

Cost of transportation

B.

Transport barriers

C.

Two or more markets

D.

All of the above

 
 

Option: D

Explanation :


93:  

Given the total cost (TC) as 20,000 + 6Q, the firm sells its output for a fixed price of Rs 18.5. The break-even quantity (Q) would be

A.

1600

B.

1800

C.

2000

D.

500

 
 

Option: A

Explanation :


94:  

When AR is constant, MR is

A.

Equal to AR

B.

Less than AR

C.

More than AR

D.

Equal to zero

 
 

Option: A

Explanation :


95:  

Price elasticity of demand provides

A.

A technical change in the goodwill of the firm

B.

A measure of the responsiveness of the quantity demanded to changes in the price of the product, holding constant the values of all other variables in the demand function.

C.

A technical change in the cost of product

D.

Technical change in the value.

 
 

Option: B

Explanation :




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