Q. Which of the following is not a variable input?
✅ Correct Answer: (C)
Equipment
Managerial Economics 1 MCQs and Notes
Q. Which is not a property of ISOQUANT?
✅ Correct Answer: (D)
Positive slope
Q. A graph indicating different combination of inputs with different level of output is called
✅ Correct Answer: (D)
Iso-quant map
Q. …………..product will never be zero or negative
✅ Correct Answer: (C)
Average
Q. Functional relationship between input and output known as
✅ Correct Answer: (B)
Production function
Q. The “law of variable proportion” is first explained by
✅ Correct Answer: (A)
Edward west
Q. In business cycle concept, the period (approximately) of “Kit chin cycle” is of:
✅ Correct Answer: (D)
4 months
Q. Factors which change over a long period of time are called……..factors
✅ Correct Answer: (C)
Secular
Q. Which of the following is not a macroeconomic concept?
✅ Correct Answer: (D)
None of these