Q. Which of the following is not a feature of monopolistic completion?
✅ Correct Answer: (D)
Price competition
Managerial Economics 1 MCQs and Notes
Q. In perfect completion, a firm is a
✅ Correct Answer: (B)
Price taker
Q. in economics ……..means ‘a state of rest ‘or ‘stability’
✅ Correct Answer: (B)
Equilibrium
Q. Which of the following is not coming under imperfect competition?
✅ Correct Answer: (C)
Monopoly
Q. Related to production function, MRTS stand for;
✅ Correct Answer: (D)
Marginal rate of technical substitution
Q. Who classified economies of scale into internal and external?
✅ Correct Answer: (B)
Marshall
Q. The term “Economies” refers to
✅ Correct Answer: (B)
Cost advantage
Q. In the long run all input become …………
✅ Correct Answer: (B)
Variable
Q. …………is called produced means of production
✅ Correct Answer: (C)
Capital
Q. Which of the following is a short run law?
✅ Correct Answer: (C)
Law of diminishing return