Managerial Economics and Ethics - Managerial Economics MCQ

1. The Revealed Preference Theory is based on

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2. One would expect a firm to close down rather than continue producing in the short-period if

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3. Marginal Utility (MU) curve is always

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4. The Law of Diminishing Returns depends on the assumption that

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5. MRn = TRn - TRn_1 is the algebraic expression of

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