Managerial Economics 1 MCQs

P

Priyanka Tomar • 33.18K Points
Instructor I

Q 1. Which of the following is not a feature of monopolistic completion?

(A) Large number of producers

(B) Free entry and exit

(C) More elastic demand

(D) Price competition

R

Ranjeet • 32.29K Points
Instructor I

Q 2. In perfect completion, a firm is a

(A) Price maker

(B) Price taker

(C) Both of the above

(D) None of these

G

Gopal Sharma • 35.92K Points
Coach

Q 3. in economics ……..means ‘a state of rest ‘or ‘stability’

(A) Depression

(B) Equilibrium

(C) Maturity

(D) growth

V

Vinay • 26.31K Points
Instructor II

Q 4. Which of the following is not coming under imperfect competition?

(A) Oligopoly

(B) Duopoly

(C) Monopoly

(D) Monopolistic

V

Vinay • 26.31K Points
Instructor II

Q 5. Related to production function, MRTS stand for;

(A) Marginal revenue and total sales

(B) Minimum revenue from total sales

(C) Marginal rate of total supply

(D) Marginal rate of technical substitution

S

Shiva Ram • 28.35K Points
Instructor II

Q 6. Who classified economies of scale into internal and external?

(A) Robinson

(B) Marshall

(C) Edward west

(D) Pigue

V

Vinay • 26.31K Points
Instructor II

Q 7. The term “Economies” refers to

(A) Product advantage

(B) Cost advantage

(C) Sales advantage

(D) All of the above

V

Vikash Gupta • 31.32K Points
Instructor I

Q 8. In the long run all input become …………

(A) Fixed

(B) Variable

(C) Semi variable

(D) None of these

G

Gopal Sharma • 35.92K Points
Coach

Q 9. …………is called produced means of production

(A) Land

(B) Labour

(C) Capital

(D) Raw material

P

Priyanka Tomar • 33.18K Points
Instructor I

Q 10. Which of the following is a short run law?

(A) Law of constant return to scale

(B) Law of increasing return to scale

(C) Law of diminishing return

(D) None of these