
managerial economics
Authored by SRINITHI MEENAKSHI N
Other, Business, Specialty
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is Supply?
how much of a good will be offered for sale at a given time
How much of a good will be purchased
Distributing the goods
Marketing the Goods
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What are the four basic economic questions?
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The most important function in managerial economics
Application of theory and concept
Decision making
Data gathering
Economic Analyzation
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is not considered as a factor of production?
money
machinery and equipment
land
unskilled labor
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Select the group that best represents the basic factors of production.
land, labor, capital, entrepreneurship
land, labor, money, management skills
land, natural resources, labor, capital
land, labor, capital, technology
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Price elasticity of demand for a particular good is defined as
Percentage change in the price of the good for each percentage change in quantity demanded of the good
Percentage change in the quantity of the good for each percentage change in the price of the good
Change in the price of the good for each unit change in quantity demanded of the good
Change in the quantity of the good for each unit change in the price of the good
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the functions of demand in Managerial Economics?
Regulatory compliance, employee training, financial reporting
Market segmentation, cost analysis, competitor analysis
Price determination, market forecasting, production planning, resource allocation, strategic decision-making
Customer service, advertising, inventory management
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