Question 1
Both MPL and MPK are constant
MPL is increasing but MPK is constant
MPL is decreasing and MPK is constant
Both MPL and MPK are decreasing
Question 2
The Cobb-Douglas production function F(K,L)=KpLq
Never exhibits decreasing returns to scale
Shows constant returns to scale if p+q=1
Shows increasing returns to scale if p+q<1
Has constant marginal product of capital
Question 3
The marginal product of capital (MPK) is defined as
a firm’s total output divided by total capital input
the extra output produced by employing one more unit of capital while allowing other inputs to vary
the extra output produced by employing one more unit of capital while holding other inputs constant
the extra output produced by employing one more unit of labour while holding labour input constant
19 more questions in this paper
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More on the Managerial Economics Quiz 1 19 Jul 2026 paper
The IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term: 22 questions for 25 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Managerial Economics Quiz 1 19 Jul 2026 at a glance |
|---|---|
| Term | May 2026 term |
| Subject | Managerial Economics |
| Course code | BSMS3033 |
| Questions | 22 |
| Marks | 25 |
| Duration | 120 min |
| MCQ | 14 |
| Numerical | 8 |
| Official paper | Managerial Economics 16 Jul 26 |
| Negative marking | No negative marking. |
| Updated |