Micro Economic Analysis -II

Who is the owner of the firm?

• Manager

• Entrepreneur

• Owner

• Banker

Who propounded a new model to the traditional theory of profit maximisation?

• Baumol

• Keynes

• Smith

• Ricardo

------------------- refers to the period of fixed nature

Which total turnover is the symptom of strength?

• Huge

• Less

• Maximum

• Minimum

What is the most important determinant of salaries?

• Average Revenue

• Marginal Revenue

• Total Revenue

• Sales Revenue

Selling cost is included in the --------------- cost

• Total

• Average

• Marginal

• None of the above

Who is the author of " Theory of Managerial Capitalism"?

• Williamson

• Baumol

• Marris

• Bains

Actual entry is connected with ----------------

• Baumol

• Bains

• Williamson

• Andrew

Who introduced the concept "the condition of entry"?

• Bain

• Brain

• Williamson

• Marris

Personal distribution refers to the distribution of ----------------income among the individuals

• Personal

• National

• Disposable

• None