WorksheetsMANAGERIAL ECONOMICS : 1
Total questions: 11
Worksheet time: 6mins
Business Economics is also known as
MANAGERIAL ECONOMICS
ECONOMICS FOR EXECUTIVES
ECONOMIC ANALYSIS FOR BUSINESS DECISIONS
ALL OF THE ABOVE
bridges the gap between traditional economic theory and real business practices
(a)
Basic objective of a firm today is
(a)
Managerial Economics is mainly a (a) science.
_______ is known as father of economics
Marshal
Robins
Adam smith
A C Pigou
“A rupee tomorrow is worth less than a rupee today” relates to
Opportunity cost principle
Discounting principle
Equi‐marginal principle
None of these
Basic economic tools of managerial economics does not include
Principle of time perspective
Equi‐marginal principle
Incremental principle
None of these
Which cost are recorded in books of accounts
Opportunity cost
Implicit cost
Social cost
Explicit cost
Opportunity cost means
The accounting cost minus the marginal benefit.
The highest-valued alternative forgone.
The monetary costs of an activity.
The accounting cost minus the marginal cost
The principle reasons behind economic problems
Unlimited wants
Limited or Scarce of Means
Alternatives Uses of Means
All of the above
______ is economic theory used in business whereas ______ is economics theory used in business and non-business organization
Micro economics, macro economics
Business economics, managerial economics
Positive economics and normative economics
None of these
