Managerial Economics - Study Mode
[#431] Marginal utility approach' was finalised by
Correct Answer
(B) Alfred Marshall
[#432] The study of national income accounts is of great importance because it 1. reveals the changes in the size and composition of the national product. 2. provides us with information about the distribution of national income in the society among various groups. 3. reveals the manner in which national expenditure is divided between consumption and investment.
Correct Answer
(D) All of the above
[#433] Which of the following is/are the causes of demand curves moving downwards to the right?
Correct Answer
(D) Both A and B
[#434] A rise in the price of a commodity will generally call forth a bigger supply and this will be brought about partly by existing firms expanding their output and partly by
Correct Answer
(B) New firms being attracted into the indus try
[#435] Kinky demand curve hypothesis was put forward by
Correct Answer
(A) Paul M. Sweezy