Managerial Economics - Study Mode
[#216] Put into chronological order on the basis of development: 1. Law of demand 2. Law of indifference 3. Law of diminishing marginal utility 4. Revealed preference curve 5. Indifference curve
Correct Answer
(C) 1, 3, 2, 5, 4
[#217] Normal profits are considered as
Correct Answer
(D) Both B and C
[#218] The total utility is maximum when
Correct Answer
(A) M.U. is zero
[#219] If AR curve is a falling straight line, MR curve will lie below it in such a way that any line drawn from a point from Y-axis parallel to X-axis to meet the AR curve is intersected by the MR curve
Correct Answer
(A) Mid-way
[#220] Demand policies targeted to reduce the unemployment become ineffective in presence of the following.
Correct Answer
(A) Vertical phillips curve