Managerial Economics-Cost-Output Relations (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 1 - 4 of 4

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Question number: 1

» Managerial Economics » Cost-Output Relations

MCQ▾

Question

Law of Diminishing Return applies when the gaps among the successive ‘multiple-level of output’ isoquants. (June 2014 Paper II)

Choices

Choice (4) Response

a.

Remains irregular

b.

Remains constant

c.

Decreases

d.

Increases

Question number: 2

» Managerial Economics » Cost-Output Relations

Appeared in Year: 2014

MCQ▾

Question

From the following two statements, choose the correct answer:

Statement I: A person can have one utility curve for one situation and a quite different one for the next situation.

Statement II: Business executive with a linear utility curve can effectively use the expected monetary value as their decision criterion. (June paper II)

Choices

Choice (4) Response

a.

Statements I and II are true.

b.

Statement I is false, but II is true.

c.

Statement I is true, but II is false.

d.

Statements I and II are false.

Question number: 3

» Managerial Economics » Cost-Output Relations

Appeared in Year: 2015

MCQ▾

Question

An input such as (variable cost per unit or fixed cost) for a model is an example of a (n)? (December)

Choices

Choice (4) Response

a.

Algorithm

b.

Stochastic Variable

c.

Parameter

d.

Decision Variable

Question number: 4

» 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.

  • (ii)
  • (i)
  • (iv)
  • (iii)

b.

  • (iii)
  • (iv)
  • (i)
  • (ii)

c.

  • (iv)
  • (ii)
  • (i)
  • (iii)

d.

  • (i)
  • (iv)
  • (iii)
  • (ii)

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