Managerial Economics and Ethics - Managerial Economics Practice Questions
2. The real aim of production is
- Option : C
- Explanation :
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3. Cross elasticity of complementary goods is
- Option : A
- Explanation :
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4. Marginal revenue will be zero if the elasticity of demand is
- Option : C
- Explanation :
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| (A) For a given 10 percent | Â 1. e > 1 change in price, demand changes by zero percent |
| (B) For a given 10 percent | 2. e - 1 change in price, demand changes by 5 percent |
| (C) For a given 10 percent |  3. e < 1 change in price, demand changes by 10 percent |
| (D) For a given 10 percent | 4. e = 0 change in price, demand changes by 20 percent. |
- Option : B
- Explanation :
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