MCQ on Managerial Economics 1- What is (are) the reason(s) for change in Demand (Increase or Decrease in Demand) (A) Change in fashion and customs (B) Change in population (C) Change income of consumer (D) All of the above 2- Following is (are) the Quantitative credit control measure(s) (A) changes in statutory reserve ratio […]
Read MoreBusiness Economics MCQ – Multiple Choice Questions 1-Economist’s concept of profit is (A) Just Profit (B) Economic Profit (C) Pure Profit (D) All of the above 2-In economics, demand means desire backed by adequate (A) supply (B) purchasing power (C) production (D) none of the above 3-Giffen goods are ___ goods. (A) superior […]
Read MoreManagerial 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 […]
Read MoreManagerial Economics Questions 1-___ is s group of firms dealing in the same line of business. (A) An industry (B) Cooperative society (C) A company (D) All of the above 2-Slope of supply curve is (A) negative (B) positive (C) zero (D) undefined 3- Managerial economics deals with (A) Integration of economic theory […]
Read MoreMultiple Choice Questions (MCQ) on Managerial Economics 1- The term Managerial economics also refers to (A) Principles of Management (B) Management Accounting (C) Applied economics (D) Consumer Behavior 2- Reasons for change in Demand (Increase or Decrease in Demand) (A), Change in population (B) Change in fashion and customs (C) Change income of consumer […]
Read MoreMultiple Choice Questions (MCQ) with answers on Managerial Economics 1-Demand is determined by Price of the product Relative prices of other goods Tastes and habits All of the above (Ans: d) 2-When a firm’s average revenue is equal to its average cost, it gets ________. Super profit Normal profit Sub normal profit None of […]
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