Managerial Economics

Managerial Economics

University

20 Qs

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Managerial Economics

Managerial Economics

Assessment

Quiz

Other

University

Hard

Created by

NISHANT GHUGE

Used 5+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following is the best definition of managerial economics? Managerial economics is __________


    1. a distinct field of economic theory.

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

  1. a field that combines economic theory and mathematics.

  1. none of the above.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Normally the demand curve will have a _______________ shape.

vertical
horizontal
upward sloping
downward sloping

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales Maximisation theory was given by _________________

John Maynard Keynes
William J. Baumol
Adam Smith
Milton Friedman

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Economics Utility Refers to ____________

profit or loss
supply and demand
inflation or deflation
satisfaction or usefulness

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to law of demand, when price reduces, demand ____________

increases
fluctuates.
remains constant.
decreases.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an determinant of demand?

Supply

Climatic conditions

Consumer preferences
Price of substitute goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Change in demand because of determinant other than price is called as ______________

Movement

shift in demand
elasticity of demand
price inelasticity

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