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Managerial Economics and Ethics MCQ - Managerial Economics Quiz

1 "Utils" is a term used

2 Iso-quants are also known as

3 A set of all possible production combinations while producing two commodities is

4 Which of the following is most closely connected with Paul A. Samuelson?

5 Marginal product becomes negative

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Question:

In case the two commodities are good substitutes, cross-elasticity will be

A. Positive
B. Negative
C. Unitary
D. Infinite

Correct answer: A

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Iso-quants are also known as

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