Q. The rational entrepreneur will expand his output and select input combinations which lies on his:
✅ Correct Answer: (D)
Expansion path
Managerial Economics MCQs and Notes
Q. Monopsony is a form of market organization in which there is a:
✅ Correct Answer: (A)
Single buyer of an input
Q. 13th Finance Commission has been constituted under the chairmanship of:
✅ Correct Answer: (B)
Vijay L Kelkar
Q. The imposition of an import tariff by a nation will increase the nation’s welfare:
✅ Correct Answer: (C)
Sometimes
Q. Indian exports were increased during 2001-2002 and it went upto the level of:
✅ Correct Answer: (C)
44.0 billion dollars
Q. Which of the following is a better measure of economic development?
✅ Correct Answer: (A)
National income
Q. Joint profits are maximized in the model cartel, which is model of:
✅ Correct Answer: (C)
Oligopoly
Q. Determination of price through interaction of demand and supply was introduced by:
✅ Correct Answer: (D)
Walras
Q. Protectionism in the international trade stands for:
✅ Correct Answer: (C)
Restricted Trade policy
Q. Who gave the first scientific treatment of general equilibrium analysis
✅ Correct Answer: (A)
Leon Walras