Managerial Economics MCQ Questions
1- Managerial economics generally refers to the integration of economic theory with business
(A) Practice
(B) Standard
(C) Strategy
(D) All of the above
2- Managerial economics is also understood to refer to
(A) Applied economics
(B) Micro economics
(C) Macro economics
(D) None of the above
3- In economics the question related to the selection of methods with which commodities are produced is a subject matter of
(A) Theory of economics
(B) Theory of production
(C) Theory of elasticity
(D) None of the above
4-Managerial economics
(A) Decision making
(B) Forward planning
(C) Both (A) and (B)
(D) None of the above
5- A joint stock company is owned by its shareholders but it is managed by
(A) Trade union
(B) Employees
(C) Board of Directors
(D) Top Management
6- In Trade cycles the economic activity are
(A) ups
(B) downs
(C) ups and downs
(D) None of the above
7-Inflation is a phenomenon in which prices
(A) falls
(B) rises
(C) remains constant
(D) any of the above
8- According J.B. Clark, profit is the reward paid for
(A) Hard work
(B) Dynamism
(C) Market performance
(D) All of the above
9-Rigid Demand, when elasticity of demand is
(A) 0
(B) 1
(C) infinity
(D) any of the above
10- Long –run market
(A) It is durable goods market
(B) Supply can be increased or reduced according to the demand
(C) Sellers at least recover minimum price for their goods
(D) All of the above
ANSWERS:
1-(A), 2-(A), 3-(B), 4-(C), 5-(C), 6-(C), 7-(B), 8-(B), 9-(B), 10-(D)