Managerial Economics - Study Mode
[#231] Average fixed cost can be obtained through
Correct Answer
(A) $${ ext{AFC}} = frac{{{ ext{TFC}}}}{{ ext{Q}}}$$
[#232] In general, if the average revenue curve is a straight line, the marginal revenue curve will be
Correct Answer
(B) A straight line
[#233] Match the following. List-I List-II a. Monopoly 1. Single buyer, Single seller b. Oligopoly 2. Single seller, Many buyers c. Monopsony 3. Single buyer, Many sellers d. Duopoly 4. Few sellers, Many buyers e. Bilateral monopoly 5. Two sellers, Many buyers
Correct Answer
(C) a-2, b-4, c-3, d-5, e-1
[#234] If the demand curve confronting an individual firm is perfectlyelastic, than
Correct Answer
(D) all of the above
[#235] The national income of a country for a given period is equal to the
Correct Answer
(B) sum of total consumption and investment expenditure