Q. Where Marginal revenue is negative, TR will be …………..
✅ Correct Answer: (B)
Falling
Managerial Economics 1 MCQs and Notes
Q. So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue
✅ Correct Answer: (A)
Less than
Q. ………. means the total receipts from sales divided by the number of unit sold.
✅ Correct Answer: (A)
Average revenue
Q. ……….. Measures the differences between the new total revenue and existing total revenue
✅ Correct Answer: (D)
Incremental revenue
Q. Which of the following is not a method of demand forecasting of new products
✅ Correct Answer: (A)
Trend projection
Q. Growth curve approach is used for forecasting demand of ………….products
✅ Correct Answer: (A)
New
Q. ………..is the base of marketing planning
✅ Correct Answer: (D)
Demand forecasting
Q. Criteria for good demand forecasting includes;
✅ Correct Answer: (D)
All the above.
Q. Method of demand forecasting is also called “economic model building”
✅ Correct Answer: (C)
Correlation and regression