Managerial Economics - Study Mode
[#236] Any supply curve which is a straight line passing through the origin whatever its slopes will possess
Correct Answer
(C) Unitary elasticity of supply
[#237] Which one of the following factors is included in estimating national income?
Correct Answer
(C) Value of production for self-consumption
[#238] In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
Correct Answer
(A) Average revenue curve lies above the MR-curve
[#239] Match the following. List-I (Market Structure) List-II (Price Elasticity of Demand) a. Perfect Competition 1. Very small b. Monopolistic Competition 2. Small c. Oligopoly 3. Large d. Monopoly 4. Infinite
Correct Answer
(B) a-1, b-3, c-2, d-4
[#240] The smoothness and continuity of an indifference curve means that goods in question are assumed to be
Correct Answer
(A) complementary to each other