Q. Removing barriers or restrictions set by the government is called
✅ Correct Answer: (A)
liberalization
Managerial Economics MCQs and Notes
Q. Globalisation has created new opportunities of
✅ Correct Answer: (D)
none of these
Q. Product differentiation is an important feature of
✅ Correct Answer: (B)
monopolistic competiton
Q. Firms in a oligopoly
✅ Correct Answer: (B)
can each influence the market price
Q. Variable cost per unit
✅ Correct Answer: (B)
varies with the volume of production
Q. Fixed cost per unit increases when
✅ Correct Answer: (A)
volume of production decreases
Q. Which cost are recorded in books of accounts
✅ Correct Answer: (D)
explicit cost
Q. Which cost is more useful for decision making
✅ Correct Answer: (A)
opportunity cost
Q. Which of the following is not a variable input
✅ Correct Answer: (C)
equipment