Top 250+ Solved Managerial Economics 1 MCQ Questions Answer
Q. Whenever ………..is greater than average total cost, average total cost is rising.
a. Marginal cost
b. Variable cost
c. Fixed cost
d. Full cost
Q. The claim that, other things equal, the quantity supplied of a goods rises when the price ofgoods raises known as:
a. Law of economics
b. Law of supply
c. Law of demand
d. All of these
Q. The marginal revenue equation can be derived from the:
a. Demand equation
b. Supply equation
c. Cost equation
d. Price equation
Q. ------------is situation of severely falling prices and lowest level of economic activities
a. Boom
b. Recovery
c. Recession
d. Depression
Q. ------------is situation with increased investment and increased price
a. Recession
b. Progress
c. Boom
d. Recovery
Q. Which of the following is not a macroeconomic concept?
a. Business cycle
b. National income
c. Government policy
d. None of these
Q. Factors which change over a long period of time are called……..factors
a. Business
b. Cyclic
c. Secular
d. All the above
Q. In business cycle concept, the period (approximately) of “Kit chin cycle” is of:
a. 5 years
b. 10 months
c. 2 years
d. 4 months
Q. The “law of variable proportion” is first explained by
a. Edward west
b. Marshall
c. Veblen
d. Keynes
Q. Functional relationship between input and output known as
a. Conversion
b. Production function
c. Work in progress
d. Output function
Q. A graph indicating different combination of inputs with different level of output is called
a. Iso-cost map
b. BEP map
c. Input-output map
d. Iso-quant map
Q. Which is not a property of ISOQUANT?
a. Downward sloping
b. Convex
c. Negative slope
d. Positive slope