Top 150+ Solved Managerial Economics MCQ Questions Answer
Q. Which of the following is not a method of demand forecasting
a. trend projection method
b. substitute approach
c. sales experience approach
d. evolutionary approach
Q. Which one is not a property of isoquant
a. downward sloping
b. convex
c. negative slope
d. positive slope
Q. In which production function, the degree of homogeneity is always one
a. cobb doubglas production fuction
b. homogeneous production function
c. linear homogeneous production function
d. none of these
Q. Which of the following is a short run law
a. law of diminishing returns
b. law of constant returns to scale
c. law increasing returns to scale
d. none of these
Q. Which of the following is not a variable input
a. raw material
b. power
c. equipment
d. none of these
Q. Which cost is more useful for decision making
a. opportunity cost
b. sunk cost
c. historical cost
d. none of these
Q. Which cost are recorded in books of accounts
a. opportunity cost
b. implicit cost
c. social cost
d. explicit cost
Q. Fixed cost per unit increases when
a. volume of production decreases
b. volume of production increases
c. variable cost per unit decreases
d. none of these
Q. Variable cost per unit
a. remains fixed
b. varies with the volume of production
c. varies with sales
d. none of these
Q. Firms in a oligopoly
a. are independent of each other’s action
b. can each influence the market price
c. charge a price equal to marginal revenue
d. all of these
Q. Duopoly is
a. another name for monopoly
b. special type of monopolistic competition
c. two firm oligopoly
d. none of these
Q. Product differentiation is an important feature of
a. perfect competition
b. monopolistic competiton
c. monopoly
d. none of these
Q. Globalisation has created new opportunities of
a. establishing rules of domestic trade
b. restricting trade practices
c. liberalizing international trade
d. none of these
Q. Removing barriers or restrictions set by the government is called
a. liberalization
b. investment
c. favourable trade
d. free trade
Q. WTO aims at
a. establishing rules for domestic trade
b. restricting trade practices
c. liberalizing international trade
d. none of these