economics

Name the roles of managerial economics

• Descriptive

• Prescriptive

• Both A &B

• None of these

Which of the following is the best definition of managerial economics? Managerial economics is

• A study of the behaviour of firms in theory and practice

• Use of those economic methods which are applied to analyse business situations

• field that applies economic theory and the tools of decision science.

• Both A & B

• Both A & C

Demand analysis consists of

• 4 demands

• 6 demands

• 10 demands

• None of these

Demand forecasting comes under

• Production analysis

• Cost analysis

• Demand analysis

• None of these

For Analysing the supply side of the market by using economic theory are

• One variable

• Two variables

• All veriables

• All of these

• None of these

The important component of cost analysis are

• Cost behaviour and cost function

• Cost concept and cost determines

• Cost control and cost reduction

• All of these

• None of these

What are the pricing analysis strategy ?

Answer explanation

How many aspects of profit analysis are there

LPT full form

Decision related to level of profit, rate of profit, re-investment of profit are called as

• Pricing analysis

• Cost analysis

• Profit analysis

• All of these