Managerial Economics - Managerial Economics Questions

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26:  

Which is perfectly elastic demand curve?

A.
B.
C.
D.
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

27:  

Assume that a firm's total revenue curve takes the form of a straight line which passes through the origin. We may deduce that

A.	Total costs and total revenue are equal
B.	Price and marginal revenue are equal
C.	Price exceeds marginal revenue
D.	Elasticity of demand for the product is unity
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

28:  

Which is a diagram of life cycle of a product?

A.
B.
C.
D.
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

29:  

Which is a Total Variable Cost Curve?

A.
B.
C.
D.
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

30:  

Which is a curve of abnormal profit condition in case of monopoly price?

A.
B.
C.
D.
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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