Managerial Economics - Study Mode

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[#331] Price discrimination will not be a good approach for

(A) railway company

(B) electric supply company

(C) FMCG company

(D) mobile company

Correct Answer

(C) FMCG company

[#332] Efficient allocation of resources is likely to be achieved under

(A) Monopolistic competition

(B) Monopoly

(C) Perfect competition

(D) Any market form

Correct Answer

(C) Perfect competition

[#333] When the TR curve and TC curve are parallel and TR exceeds TC

(A) Total profit is minimised

(B) Normal profit is minimised

(C) Total profit is maximised

(D) Normal profit is maximised

Correct Answer

(C) Total profit is maximised

[#334] Which is an inverted 'U' shaped curve?

(A) FC

(B) MC

(C) TC

(D) AC

Correct Answer

(B) MC

[#335] Match the following: List-I (Economist) List-II (Statement) a. Malcoln E. Mc-Nair and Richard 1. Managerial Economics consists of the use of economic model of thought to analyse business situation. b. Joel Dean 2. The purpose of managerial economics is to show how economic analysis can be used in formulating business policies. c. Milton and Siegelman 3. Managerial Economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by management. d. Edwin 4. Managerial Economics attempts to bridge the gap between the purely analytical problems that intrigue many economic theorists and the problems of policies that management must face.

(A) a-1, b-2, c-3, d-4

(B) a-1, b-4, c-3, d-2

(C) a-3, b-1, c-4, d-2

(D) a-3, b-4, c-2, d-1

Correct Answer

(A) a-1, b-2, c-3, d-4