Managerial Economics and Ethics - Managerial Economics MCQ

Avatto > > UGC NET Management > > PRACTICE QUESTIONS > > Managerial Economics and Ethics > > Managerial Economics MCQ

11. In perfect competition, there is a process of

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Option : B
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12. 'The increasing returns to scale occurs because larger scale provides greater specialization to various factors' according to

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Option : C
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13. The change in TR resulting from the sale of one unit more of output means

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Option : B
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14. Price effect in indifference curve analysis arises

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Option : A
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15. Marginal revenue will be positive if the elasticity of demand is

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Option : B
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