# Managerial Economics - Managerial Economics Questions

76:

Given:

Private income                                 Rs. 30,000

Tax on Corporate Profit                   Rs. 5,000

Undistributed Profit of Corporate    Rs. 4,000

The personal income will be

 A. Rs. 30,000 B. Rs. 21,000 C. Rs. 35,000 D. Rs. 39,000 Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
77:

The capital turnover is computed by

 A. Invested Capital/Standard cost B. Capital/Cash x 100 C. Invested Capital/Cash x 100 D. Standard cost/100 Answer Report Discuss Option: A Explanation : Click on Discuss to view users comments. Write your comments here:
78:

When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situation is called

 A. Variable cost B. Situation of Constant Returns C. Fixed cost D. Law of Increasing Returns Answer Report Discuss Option: B Explanation : Click on Discuss to view users comments. Write your comments here:
79:

If indifference curve has a positive slope, it means

 A. Consumer preferences are unpredictable B. Consumer preferences are irrational C. X-is a discommodity D. Y-is a discommodity Answer Report Discuss Option: C Explanation : Click on Discuss to view users comments. Write your comments here:
80:

The price of a commodity is Rs. 20 and the quantity demanded at this price is 200 units. If the price falls to Rs. 16 and the quantity demanded increases to 280 units, calculate the price  elasticity

 A. 1.6 B. 2 C. 1.9 D. 1.3 Answer Report Discuss Option: B Explanation : Price Elasticity of Demand =  (ΔQ/ ΔP) * P/Q where Q is original price  and P is original  Quantity ,  ΔQ is change in price and  ΔP is change in quantity here Q= 200 ΔQ= 280-200=80 P = 20 ΔP=20-16=4 Putting values in formula  (ΔQ/ ΔP) * P/Q  we get (80/4) *( 20/200 ) = 2   Click on Discuss to view users comments. Write your comments here: