The Cobb-Douglas production function F(K, L)=KL
Shows only constant returns to scale
Shows Increasing, decreasing or constant returns to scale based on the value of p+q
Has constant marginal product of labour
Has constant marginal product of capital
When one is not able to compare two goods and is confused about which one to choose, his preference violates
Completeness
Reflexivity
Transitivity
All of these
When a person prefers Mango to Apple, Apple to Guava and Guava to Mango, his preference violates
Completeness
Reflexivity
Transitivity
Convexity
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The IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 25 Feb 2024, in the January 2024 term: 19 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 25 Feb 2024 at a glance |
|---|---|
| Term | January 2024 term |
| Subject | Managerial Economics |
| Course code | BSMS3033 |
| Questions | 19 |
| Marks | 25 |
| Duration | 120 min |
| MCQ | 8 |
| Numerical | 11 |
| Official paper | IIT M DEGREE AN2 EXAM QDB2 25 Feb 2024 |
| Negative marking | No negative marking. |
| Updated |
