Managerial Economics 1 MCQs
A
Q 21. ------------is situation with increased investment and increased price
A
Q 22. ------------is situation of severely falling prices and lowest level of economic activities
R
Q 23. Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.
A
Q 24. The marginal revenue equation can be derived from the:
A
Q 25. The claim that, other things equal, the quantity supplied of a goods rises when the price of goods raises known as:
R
Q 26. Whenever ………..is greater than average total cost, average total cost is rising.
P
Q 27. Whenever marginal cost is more than …………average total cost is falling:
R
Q 28. The competitive firm’s long run supply curve is the portion of it’s …………..curve lies above average total cost.
G
Q 29. Price discrimination occurs when variation in prices for a product in different markets does not reflect variation?
R