Managerial Economics-Demand Analysis (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 1 - 4 of 10

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 193 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 150.00 or

Question number: 1

» Managerial Economics » Demand Analysis

Appeared in Year: 2014

MCQ▾

Question

In case the price (P), quantity (Q), and changes (∆) are represented by respective symbols given in the brackets, the price elasticity of demand (Ed) is measured by (June paper II)

Choices

Choice (4) Response

a.

Ed = ∆Q/∆P

b.

Ed = (∆P/P) / (∆Q/Q)

c.

Ed = (∆Q/Q) / (∆P/P)

d.

Ed = ∆P/∆Q

Question number: 2

» Managerial Economics » Demand Analysis

Appeared in Year: 2015

MCQ▾

Question

Statement – I: A rectangular hyperbola shaped demand curve has uniform slopes on all its points.

Statement – II: If the price elasticity is equal to unity, the marginal revenue corresponds to zero.

(December)

Choices

Choice (4) Response

a.

Statement – I is correct and Statement – II is correct

b.

Statement – I is incorrect and Statement – II is incorrect

c.

Statement – I is incorrect while Statement – II is correct

d.

Statement – I is correct while Statement – II is incorrect

Question number: 3

» Managerial Economics » Demand Analysis

Appeared in Year: 2014

MCQ▾

Question

If the EOQ for an item of inventory in a firm is 1000 units, the estimated demand for the term next year gets doubled, what shall be the revised EOQ next year, all other relevant costs remaining unchanged? (June Paper II)

Choices

Choice (4) Response

a.

1000

b.

2000

c.

1414

d.

None of the above

Question number: 4

» Managerial Economics » Demand Analysis

MCQ▾

Question

In case the demand elasticity under imperfect competition is unity, the marginal revenue will be (June 2014 Paper II)

Choices

Choice (4) Response

a.

More than utility, but less than infinity.

b.

Equal to unity.

c.

Equal to zero.

d.

Less than unity, but more than zero.

Sign In