Q. ------------is situation with increased investment and increased price
✅ Correct Answer: (C)
Boom
Managerial Economics 1 MCQs and Notes
Q. ------------is situation of severely falling prices and lowest level of economic activities
✅ Correct Answer: (D)
Depression
Q. Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.
✅ Correct Answer: (A)
Zero
Q. The marginal revenue equation can be derived from the:
✅ Correct Answer: (A)
Demand equation
Q. The claim that, other things equal, the quantity supplied of a goods rises when the price of goods raises known as:
✅ Correct Answer: (B)
Law of supply
Q. Whenever ………..is greater than average total cost, average total cost is rising.
✅ Correct Answer: (A)
Marginal cost
Q. Whenever marginal cost is more than …………average total cost is falling:
✅ Correct Answer: (B)
Average total cost
Q. The competitive firm’s long run supply curve is the portion of it’s …………..curve lies above average total cost.
✅ Correct Answer: (A)
Marginal cost
Q. Price discrimination occurs when variation in prices for a product in different markets does not reflect variation?
✅ Correct Answer: (A)
Costs
Q. The properties of indifference curves are:
✅ Correct Answer: (D)
All of these