Managerial Economics - Study Mode
[#361] The capital turnover is computed by
Correct Answer
(A) $$frac{{{ ext{Invested Capital}}}}{{{ ext{Standard Cost}}}}$$
[#362] Generally the profits are maximised in the short run at the point at which
Correct Answer
(A) Marginal cost of production is equal to the marginal return
[#363] The concept of supply curve as used in economic theory is relevant only for the case of
Correct Answer
(B) Perfect or pure competition
[#364] If, by increasing the quantity of labour used by one unit, the firm can give up 2 units of capital and still produce the same output, then the MRTS LK is:
Correct Answer
(B) 2
[#365] NNP at market price equals
Correct Answer
(B) GNP at market price - Depreciation