Managerial Economics (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 17 - 20 of 22

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Question number: 17

» Managerial Economics » Cost-Output Relations

Appeared in Year: 2012

Match List-Ⅰ List-Ⅱ▾

Question

Match List-I and List –II and select the correct answer using code: (December)
List-Ⅰ List-Ⅱ

(A)

Cost Function

(i)

Factor prices

(B)

Production function

(ii)

Kinky demand curve

(C)

Supply Function

(iii)

Engineering method

(D)

Oligopoly

(iv)

Isoquants

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (iv)
  • (i)
  • (ii)

b.

  • (ii)
  • (i)
  • (iv)
  • (iii)

c.

  • (iv)
  • (ii)
  • (i)
  • (iii)

d.

  • (i)
  • (iv)
  • (iii)
  • (ii)

Question number: 18

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

Willingness to pay minus actual payment is called (December)

Choices

Choice (4) Response

a.

Consumer’s surplus

b.

Producer’s surplus

c.

Utility Cost

d.

Supplier’s surplus

Question number: 19

» Managerial Economics » Market Structures

Appeared in Year: 2015

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List-I with the items of List-II and find the correct combination: (Dec. )
List-Ⅰ (Market Structure) List-Ⅱ (Nature Of Industry Where Prevalent)

(A)

Monopoly

(i)

Manufacturing; TV sets, refrigerators

(B)

Oligopoly

(ii)

Farm Products; Grains

(C)

Monopolistic competition

(iii)

Public utilities like telephone and electricity

(D)

Perfect Competition

(iv)

Aluminium & passenger cars

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (iv)
  • (i)
  • (ii)

b.

  • (ii)
  • (iii)
  • (i)
  • (iv)

c.

  • (iii)
  • (i)
  • (iv)
  • (ii)

d.

  • (i)
  • (iii)
  • (ii)
  • (iv)

Question number: 20

» Managerial Economics » Production Function

Appeared in Year: 2012

MCQ▾

Question

The term opportunity cost refer to (December)

Choices

Choice (4) Response

a.

Cost related to an optimum level of production

b.

The cost forgone in favour of production of another product

c.

Variable cost

d.

Short –run cost

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