Classical

Managerial Economics - Managerial Economics Questions

11:  

Price elasticity is computed by

A.
 
 
B.
 
 
C.
 
 
D.
 
 
 
 

Option: C

Explanation :


12:  

Match the following :

List-I (Elasticity of Demand)

(A) Price elasticity

(B) Income elasticity

(C) Advertising elasticity

(D) Cross elasticity

List-II (Curves)

1.

2.

3.

4.

A.

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

1    2    3    4

B.

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

3    1    2    4

C.

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

3    1    4    2

D.

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

1    3    2    4

 
 

Option: A

Explanation :


13:  

Which curve is expressed as 'Indifference curve'?

A.

B.

C.

D.

 
 

Option: B

Explanation :


14:  

Match the following :

List-I (Cost)

(A) Average fixed cost

(B) Average variable cost

(C) Average total cost

(D) Marginal cost

List-II (Formula)

1. Total Fixed cost/Quantity

2. Total Variable cost/Quantity

3. Total cost/Quantity

4. Total production + one addition production

A.

(a) (b) (c) (d)

1    4    3    2

B.

(a) (b) (c) (d)

1    2    3    4

C.

(a) (b) (c) (d)

3    1    2    4

D.

(a) (b) (c) (d)

1    3    2    4

 
 

Option: B

Explanation :


15:  

Which is completely inelastic demand curve (ep = 0)?

A.
 
 
B.
 
 
C.
 
 
D.
 
 
 
 

Option: A

Explanation :




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