Managerial Economics - Study Mode
[#461] Despite differences in cost of production the oligopolists win not vary the prices of their products as per which combination of the following models? 1. Collusion model 2. Cournot's model 3. Kinked Demand model 4. Price Leadership model Select the correct option:
Correct Answer
(C) Both 1 and 4
[#462] Given that GNP at market prices = Rs. 1,92,866 crores, Consumption of fixed capital = Rs. 13,371 crores, Net factor income from abroad = Rs. 975 crores, the NDP at market prices will be
Correct Answer
(A) Rs. 1,78,520 crore
[#463] The case of a right angled indifference curve occurs when
Correct Answer
(A) The two goods are perfect complement
[#464] Which of the following formula explains the term average revenue?
Correct Answer
(B) $${ ext{AR}} = frac{{{ ext{Total Revenue}}}}{{{ ext{Number of units produced}}}}$$
[#465] Of the following, which one corresponds to fixed cost?
Correct Answer
(D) Insurance premium on property