Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A MODEL MB0026 ECONOMICS SMU - Question Paper

20. Boumal's sales maximization model is
a. An option to profit maximization model
b. An option to growth maximization model
c. An option to behavioral model
d. An option to non-profit model

21. Williamson's model is an example for
a. Profit maximization model
b. Non- maximization model
c. Managerial utility model
d. Behavioral model

22. According to Marris when growth reaches maximum, Identify in accurate ans
a. Less jobs are created
b. Less risky projects are taken up
c. Avoid risky investment projects
d. Generate more external funds

23. Marris model is an example far
a. Profit- maximizing model
b. Non-profit maximizing model
c. Behavioral model
d. Growth maximizing model
.

24. avg. revenue curve of the firm is the identical as the demand curve of the consumer other than in the situation of
a. Perfect competition.
b. Monopolistic competition.
c. Monopoly.
d. Discriminatory monopoly.
.

25. What is MR?
a. MR=TRn-TRn-1.
b. MR=TR/TQ.
c. MR=TR/TC.
d. MR=TR/AC.

26. Total revenue will increase with the reduction in price when the price elasticity of demand for the product is
a. Relatively elastic.
b. Relatively inelastic.
c. Unitary elastic.
d. Perfectly elastic.

27. In the short run to build the morale of the firm and to instill the spirit of confidence, the firm should earn
a. Excess revenue over cost.
b. Enough to cover the cost
c. Enough to meet its short run expenses.
d. Enough to expand its output.
.

28. A market situation where there are only a few large buyers for the product is called
a. Oligopoly.
b. Pure competition.
c. Oligopsony.
d. Duopsony.

29. Consumers' surplus is the difference ranging from
a. Price gap ranging from 2 products
b. Optimum price and true price
c. Potential price and true price
d. true satisfaction and unexpected satisfaction

30. The amount of consumers' surplus will be more
a. In the presence of a substitute
b. In the absence of a substitute
c. In the absence of a complement
d. None of the above.

Earning:   Approval pending.