Managerial Economics and Ethics - Managerial Economics MCQ

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31. If the supply curve of a commodity is positively sloped, a rise in the price of the commodity ceteris paribus results in and is referred to as

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Option : C
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32. The competition among buyers, each trying to get enough of the product to satisfy his wants tends to move

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Option : D
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33. A consumer will be maximizing his utility if he allocated his money income so that

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Option : B
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34. The price which a consumer would be willing to pay for a commodity equals to his

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Option : D
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35. Where the leading firms in an industry combine to pursue a common policy in their interest but retain their separate identities, such combination is generally known as

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Option : B
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