Managerial Economics MCQ With Answers - Description
Dear readers, here we are presenting the Managerial Economics MCQ With Answers PDF to all of you. Managerial Economics is one of the most important subjects in management courses like B.Com, BBA, and M.Com & MBA. Economics is not only a managerial subject but ut is also thought in various streams to educate and aware students that how an economy works in the economic scenario.
It also helps them manage their funds which will lead to ultimate success in life. If you are also a student and want to get some of the most important question answers which are going to give an idea about the real paper then you can get it here in PDF format so that you can also get its printout for your learning.
Managerial Economics MCQ With Answers PDF
- Managerial economics helps in decision making through the application of
(a) Economic theory only
(b) Economic theory and methods of science
(c ) Economic theory and methods of decision science
(d) None of the above
- Managerial economics uses
(a) Micro Economics only (b) Macro Economics only
(c ) Both Micro & Macro Economics (d) None of the above
- Business Profit is ………………….
(a) An accounting concept (b) An accrual concept
(c ) Both (a) and (b) (d) None of the above
- Business Profit =
(a) Total Sales Revenue – Implicit Costs
(b) Total Sales Revenue – Explicit Costs
(c ) Total Sales Revenue – Total Costs
(d) None of the above
- Implicit Cost refers to
(a) Marginal cost (b) Total Average Cost
(c ) Opportunity cost of resources (d) None of the above
- Economic Profit =
(a) Sales Revenue – (Implicit Costs + Explicit Costs)
(b) Sales Revenue – Explicit Costs
(c ) Sales Revenue – Implicit Costs
(d) None of the above
- Analysis of an industry falls under:
(a) Macro Economics (b) Micro Economics
(c ) Financial Economics (d) Environmental Economics
- The basic economic problem is the problem of
(a) Abundance of resources (b) Scarcity of resources
(c ) Human Resources (d) None of the above
UNIT-2
- Change in the demand of smartphones due to increase in its price is
(a) Increase of its demand (b) Decrease of its demand
(c ) Contraction of its demand (d) None of the above
Page 3 of 19
- In case of…………….demand, a slight change in the price will make greater
change in demand.
(a) Inelastic (b) Elastic
(c ) Perfectly elastic (d) Perfectly inelastic
- Normal demand curve of a commodity has:
(a) has positive slope (b) has negative slope
(c ) Is parallel to the base line (d) None of the above
- When the price of Coffee increases and the demand for Coldrink increase then……..
(a) Coffee and Coldrink are
(b) ) Coffee and Coldrink are complimentary for each other
(c ) Coffee and Coldrink are noncomplimentary for each other
(d) None of the above
- Which of the followings can be regarded as an exception to law of demand
(a) Cases of snob appeal (e.g. jewels)
(b) Cases in which consumer judges quality by price
(c ) Cases of Giffen goods
(d) All of the above
- Consumer surplus is the state where a consumer willing to pay higher price actually
pays
(a) Higher price (b) Lower price
(c ) Sometimes higher & sometimes lower price
(d) None of the above
- Under „Law of variable proportions‟ a single factor is
(a) Constant (b) Variable
(c ) Both constant and variable (d) None of the above
You can download Managerial Economics MCQ With Answers PDF by clicking on the following download button.