Managerial Economics - Study Mode
[#451] The equilibrium level of output for the pure monopolist is where
Correct Answer
(A) MR = MC
[#452] The Law of variable proportions comes into being when
Correct Answer
(B) There is a fixed factor and a variable factor
[#453] Price discrimination is possible
Correct Answer
(B) When elasticities of demand are different in different markets at the ruling price
[#454] Which one of the followingis not covered in macro economics?
Correct Answer
(B) Price and output determination of a commodity
[#455] Match the following. List-I List-II a. Cardinal approach 1. Marginal utility b. Ordinal approach 2. Revealed preference theory c. Hicks-Allen approach 3. Indifference curve d. Consumers surplus 4. Alfred Marshall
Correct Answer
(B) a-1, b-2, c-3, d-4