Classical

Managerial Economics - Managerial Economics Questions

36:  

Which is a curve of Cross Demand?

A.

B.

C.

D.

 
 

Option: B

Explanation :


37:  

Match the following :

List-I (Areas of Managerial Economics)

(A) Demand Analysis

(B) Cost and Product Analysis

(C) Capital Management

(D) Profit Management

List-II (Example)

1. Demand forecasting

2. Cost output relationship

3. Price Estimates

4. Profit Policies

5. Taxation

A.

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

1    4    3    2

B.

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

3    1    4    2

C.

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

1    2    3    4

D.

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

1    2    4    3

 
 

Option: C

Explanation :


38:  

Given : Epx = Percentage change in Qy/Percentage change in Px

The above relationship is :

A.

Arc Cross Price Elasticity

B.

Cost Output

C.

Cost Profit

D.

Capital Budgeting

 
 

Option: A

Explanation :


39:  

Which of the following formula explains the term average revenue?

A.

AR = MR x No. of units produced

B.

AR = Total Revenue/Number of units produced

C.

AR = Total Units Produced/Total Revenue

D.

AR = TR - MR

 
 

Option: B

Explanation :


40:  

Which is a Law of Constant (factor)?

A.

B.

C.

D.

 
 

Option: A

Explanation :




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