Click to Get updated NTA UGC NET CS Test Series           Study Material for UGC NET Computer Science- 2019

# Managerial Economics - Managerial Economics MCQ

61:

When a monopolist is in

 A. Long-run equilibrium, he may or may not be in short-run equilibrium B. Long-run equilibrium, he will also be in short-run equilibrium C. Short-run equilibrium, he will also be in long-run equilibrium D. None of the above Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
62:

An indifference curve is always

 A. A vertical straight line B. Convex to the origin C. Concave to the origin D. A horizontal straight line Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
63:

Other things remaining the same, when a consumer's income increases, his equilibrium point moves to

 A. A higher indifference curve B. Moves to the left-hand side on the same indifference curve C. Remains unchanged on the same indifference curve D. A lower indifference curve Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:
64:

If the price is statutorily fixed and equal to MC, monopoly profits will be

 A. At same level B. Decreased C. Eliminated D. Increased Answer Report Discuss Option: C Explanation : Click on Discuss to view users comments. Write your comments here:
65:

Average fixed cost can be obtained through

 A. AFC = TFC/Q B. AFC = TC + TVC C. AFC = TFC/MC D. AFC = MC + TVC Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:

X