Managerial Economics - Study Mode
[#321] NNP = ?
Correct Answer
(A) GNP - Depreciation
[#322] A monopolist has control over the price he charges for his product. He will be able to maximise his profit by
Correct Answer
(A) Lowering the price, if the demand curve is elastic
[#323] Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) . Read the statements and choose the correct answer. Assertion (A) A price reduction leads to an increase in the quantity demanded of the commodity. Reason (R) It results from price effects comprising income and substitutions effects which are always positive.
Correct Answer
(C) (A) is correct, but (R) is incorrect
[#324] Match the following: List-I (Subject of Managerial Economics) List-II (Example) a. Demand Analysis 1. Demand forecasting b. Cost and Product Analysis 2. Cost output relationship c. Capital Management 3. Price Estimates d. Profit Management 4. Profit Policies
Correct Answer
(C) a-1, b-2, c-3, d-4
[#325] Calculate elasticity of sales if a 20% increase in the advertising expenditure causes the amount of sales to increase by 40%.
Correct Answer
(D) 2