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# Managerial Economics - Managerial Economics Objective Type Questions

56:

MU curve will be below X-axis when

 A. MU is zero B. MU is negative C. MU is positive D. MU is constant Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
57:

When average product increases, the marginal product is

 A. Less than the average product B. Equal to the average Product C. More than the average product D. None of these Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:
58:

If two goods are perfect substitutes for each other, it necessarily follows that

 A. An indifference curve relating the two goods will be curvilinear B. An indifference curve relating the two goods will be linear C. An indifference curve relating the two goods will be divided into two segments which meet at a right angle D. An indifference curve relating the two goods will be convex to the origin. Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
59:

In general, profit will be at a maximum where

 A. MC = MR B. MC < MR C. MC > MR D. MC = MR - 1 Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:
60:

"We are much better off when drawing purely imaginary indifference curves than we are when speaking of purely imaginary utility functions". This is remarked by

 A. J. R. Hicks B. Allen C. Schumpeter D. Paul A. Samuelson Answer Report Discuss Option: C Explanation : Click on Discuss to view users comments. Write your comments here:

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