managerial economics3

8/12/2019 Managerial Economics3

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Managerial Economics - 10

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single AnsweQuestion Pue pu!lic goo"s #e su!$ect to the l#w o% "ece#sing #&e#ge cost' !ec#use o%the

Coect Answe econo(ies o% sc#le)ou Answe econo(ies o% sc#le

Multiple Choice Single Answe

Question In the cost * !ene%it #n#l+sis' #%te %o(ul#ting ious #lten#ti&e po$ectc#p#cit+' e#ch o% the( h#s to !e e,#(ine" in te(s o% itsCoect Answe %e#si!ilit+)ou Answe %e#si!ilit+

Tue-F#lseQuestion .#g#ining is one o% the e(e"ies o% coecti&e #ction/

Coect Answe F#lse)ou Answe Tue

M#tch The FollowingQuestion Coect Answe )ou Answe

De%ence se&ice In"i&isi!le In"i&isi!le

Econo(ic e%%ects o% pu!lic goo"s #e Spill o&e e%%ect Spill o&e e%%ect

Selection o i(ple(ent#tion Step o% cost !ene%it #n#l+sis Step o% cost !ene%it #n#l+sis

Po"uction possi!ilit+ %ontie M#,i(i0#tion o% output M#,i(i0#tion o% output

Multiple Choice Multiple AnsweQuestion The #"nt#ge o% cost*!ene%it #n#l+sis #eCoect Answe M#,i(i0#tion o% soci#l wel%#e ' O!$ecti&e (e#sue(ent o% the t#"e*o%% 'M#,i(i0#tion o% "i%%eence !etween tot#l !ene%its 1 tot#l costs)ou Answe M#,i(i0#tion o% soci#l wel%#e ' O!$ecti&e (e#sue(ent o% the t#"e*o%% 'M#,i(i0#tion o% "i%%eence !etween tot#l !ene%its 1 tot#l costs

Multiple Choice Multiple Answe

Question The te( e,ten#lities (#+ #lso !e e%ee" #s2

Coect Answe Spill*o&e e%%ects ' Neigh!ohoo" e%%ects ' Thi" p#t+ e%%ects)ou Answe Spill*o&e e%%ects ' Neigh!ohoo" e%%ects ' Thi" p#t+ e%%ects

Select The .l#n3Question Mo"en econo(ists te#t soci#l cost #n" !ene%its #s 44444444 o% pitein&est(ent #n" po"uction "ecisions/Coect Answe e,ten#lities

)ou Answe "is#"nt#ges

Select The .l#n3Question Econo(ists li3e A/C/5#!ege h#&e shown th#t the cost !ene%it #n#l+sis c#n !e

#pplie" to 44444444 #n#l+sis/Coect Answe gene#l e6uili!iu()ou Answe gene#l e6uili!iu(
http://scdlpapers.blogspot.com/2008/08/managerial-economics-10.htmlhttp://scdlpapers.blogspot.com/2008/08/managerial-economics-10.html


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Select The .l#n3Question In the conte,t o% %o(ul#ting #n in&est(ent po$ect' 44444444 %e#si!ilit+(e#ns the #il#!ilit+ o% supe&isos %o i(ple(enting #n" unning the po$ect s(oothl+#n" po%ession#ll+/Coect Answe (#n#ge(ent)ou Answe (#n#ge(ent

Select The .l#n3

Question Po%/ S#( Nelson c#lls is3s %o( uns#%e %#ctoies o nucle# powe pl#nts #s44444444 econo(ies/

Coect Answe neg#ti&e)ou Answe h#0#"ous

Multiple Choice Single AnsweQuestion Acco"ing to Lionel Ro!!ins' 7Econo(ics is # science which stu"iesCoect Answe hu(#n !eh#&io)ou Answe soci#l !eh#&io

Multiple Choice Single AnsweQuestion Question el#te" to the e%%icient po"uction #n" #lloc#tion !elong to the !#nch

o% econo(ic theo+ c#lle"Coect Answe Wel%#e Econo(ics

)ou Answe .usiness Econo(ics

Multiple Choice Multiple AnsweQuestion M#n#gei#l econo(ics "e#ls withCoect Answe Integ#tion o% econo(ic theo+ with !usiness p#ctice ' Using logic o%econo(ics' (#the(#tics 1 st#tistics ' The use o% econo(ic (o"es o% thought to #n#l+0e

!usiness solution)ou Answe Integ#tion o% econo(ic theo+ with !usiness p#ctice ' Using logic o%

econo(ics' (#the(#tics 1 st#tistics ' The use o% econo(ic (o"es o% thought to #n#l+0e!usiness solution

Multiple Choice Single AnsweQuestion The pu!lic secto is owne" 1 contolle" !+Coect Answe st#te entepises)ou Answe st#te entepises

Select The .l#n3Question Re#son#!le po%it t#get #s #n #lten#ti&e to the o!$ecti&e o% po%it

(#,i(i0#tion w#s suggeste" !+ 44444444/Coect Answe 8oel De#n

)ou Answe 8oel De#n

Select The .l#n3Question 95o(eost#tic Appo#ch: #s #n #lten#ti&e o!$ecti&e o% %i(s w#s suggeste" !+

44444444/Coect Answe Po%/ ;enneth .oul"ing)ou Answe Po%/ ;enneth .oul"ing

Select The .l#n3Question The %o( o% og#ni0#tion which is !est %o sel% e(plo+(ent is 44444444/

Coect Answe Sole t#"e)ou Answe Sole t#"e

Tue-F#lseQuestion Accounting po%it t#3es in to #ccount oppotunit+ cost/


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Coect Answe F#lse)ou Answe F#lse

Multiple Choice Single AnsweQuestion Co(ple(ent#+ goo"s #e "e(#n"e"Coect Answe $ointl+

)ou Answe $ointl+

Multiple Choice Single AnsweQuestion I% the su!stitutes #e el#ti&el+ costl+ then the "e(#n" %o the co((o"it+ in

6uestion will !eCoect Answe (oe)ou Answe s#(e

Tue-F#lseQuestion Thee #e no e#l e,ceptions to the l#w o% "e(#n"Coect Answe F#lse)ou Answe F#lse

Tue-F#lse

Question De(#n" cu&e slopes "ownw#"s %o( le%t to ight/Coect Answe Tue

)ou Answe Tue

Select The .l#n3Question An upw#" sloping "e(#n" cu&e is c#lle" 44444444Coect Answe e,ception#l "e(#n" cu&e)ou Answe e,ception#l "e(#n" cu&e

Select The .l#n3

Question


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Question Output ises in # lesse popotion to th#t o% the ince#se in input' un"e thec#se o% 44444444/Coect Answe "ece#sing etuns to sc#le)ou Answe "ece#sing etuns to sc#le

Select The .l#n3

Question The cost which ente the #ccounts !oo3 o% the %i( #e e%ee" #s 44444444/Coect Answe Accounting cost

)ou Answe Accounting cost

Multiple Choice Single AnsweQuestion 8e&ons= ' the econo(ists who "e%ine" the te( =(#3et= "i%%eent %o( th#t o%the t#"ition#l sense is #nCoect Answe English econo(ists)ou Answe English econo(ists

Multiple Choice Single AnsweQuestion Econo(ists h#&e pointe" out th#t the e#l wol" is %ull o%

Coect Answe I(pe%ect co(petition)ou Answe I(pe%ect co(petition

Tue-F#lse

Question A %i( un"e pe%ect co(petition is # pice (#3e/Coect Answe F#lse)ou Answe F#lse

Tue-F#lseQuestion Un"e pe%ect co(petition single selle c#n in%luence the pice/

Coect Answe F#lse)ou Answe F#lse


Question T+pes o% i(pe%ect co(petition #eCoect Answe Monopol+ ' Duopol+ ' Oligopol+)ou Answe Monopol+ ' Duopol+ ' Oligopol+

Multiple Choice Multiple AnsweQuestion Fe#tues o% Pue Co(petition #eCoect Answe L#ge nu(!e o% !u+es #n" selles ' 5o(ogeneous po"ucts ' Fee ent+#n" %ee e,it o% %i(s

)ou Answe L#ge nu(!e o% !u+es #n" selles ' 5o(ogeneous po"ucts ' Fee ent+#n" %ee e,it o% %i(s

Multiple Choice Multiple AnsweQuestion E6uili!iu( is the st#ge o%Coect Answe (#,i(u( s#tis%#ction ' !#l#nce ' st#tion#+)ou Answe (#,i(u( s#tis%#ction ' !#l#nce

Multiple Choice Single AnsweQuestion In%l#tion is # pheno(en# in which pices

Coect Answe ise)ou Answe ise


Question Tue in%l#tion st#ts onl+ #%te e#ching the le&el o% %ull

Coect Answe E(plo+(ent)ou Answe E(plo+(ent


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Tue-F#lseQuestion Duing in%l#tion' the pensiones whose inco(e is pe(#nentl+ %i,e"' #esu!st#nti#ll+ !ene%ite"/Coect Answe F#lse)ou Answe F#lse

Tue-F#lse

Question S#&ing is # pite &itueCoect Answe Tue

)ou Answe Tue

Multiple Choice Multiple AnsweQuestion Acco"ing to ;e+nes' Aggeg#te suppl+ %unction e%es toCoect Answe the (ini(u( pice o% e&enue which the entepeneus (ust get 'Associ#te" with "i%%eent le&els o% e(plo+(ent ' E,pl#ins th#t the le&el o% out put ieswith the le&el o% e(plo+(ent)ou Answe the (ini(u( pice o% e&enue which the entepeneus (ust get '

Associ#te" with "i%%eent le&els o% e(plo+(ent ' E,pl#ins th#t the le&el o% out put ieswith the le&el o% e(plo+(ent


Question M#gin#l Popensit+ to consu(e is ch##ctei0e" #s %ollowsCoect Answe It is "e%ine" #s the #tio o% the ch#nge in consu(ption to the ch#nge ininco(e ' It is #te o% ch#nge in the #&e#ge popensit+ to consu(e #s inco(e ch#nges 'It is "ei&e" !+ the %o(ul# (pc> ch#nge in c-ch#nge in +)ou Answe It is #te o% ch#nge in the #&e#ge popensit+ to consu(e #s inco(ech#nges ' It is "ei&e" !+ the %o(ul# (pc> ch#nge in c-ch#nge in + ' It is "ei&e" !+

"i&i"ing the ch#nge in inco(e !+ ch#nge in the consu(ption e,pen"itue

Multiple Choice Single AnsweQuestion Duing the peio" o% "epession ious %#ctos o% po"uction #e

Coect Answe e,h#uste")ou Answe unutili0e"

Tue-F#lseQuestion In gene#l S.I uses its (onet#+ polic+ to #chie&e # $u"icious !#l#nce !etweenthe gowth o% po"uction #n" contol o% the gene#l pice le&el/Coect Answe F#lse)ou Answe F#lse

Tue-F#lse

Question Pu!lic entepises h#&e shown # &e+ high #te o% etun o% the c#pit#l in&este"Coect Answe F#lse)ou Answe F#lse

Multiple Choice Multiple AnsweQuestion The (e#ning o% (onet#+ polic+ isCoect Answe It is pog#((e" o% the cent#l !#n3 ' It contols the tot#l suppl+ o%(one+ ' The !#sic o!$ecti&e is to #chie&e econo(ic st#!ilit+

)ou Answe It is pog#((e" o% the cent#l !#n3 ' It contols the tot#l suppl+ o% (one+' The !#sic o!$ecti&e is to #chie&e econo(ic st#!ilit+


Question M#in #i(s o% the New In"usti#l Polic+ ?@@B #e

Coect Answe To unsh#c3le the in"i#n in"usti#l econo(+ %o( the co!we!s o%unnecess#+ !ue#uc#tic contol ' To into"uce li!e#li0#tion with # &iew to integ#te the


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in"i#n econo(+ with the wol" econo(+ ' To e(o&e estictions on "iect %oeignin&est(ent #s #lso to %ee the "o(estic entepeneu %o( the estiction o% MRTP #ct)ou Answe To unsh#c3le the in"i#n in"usti#l econo(+ %o( the co!we!s o%unnecess#+ !ue#uc#tic contol ' To into"uce li!e#li0#tion with # &iew to integ#te thein"i#n econo(+ with the wol" econo(+ ' To e(o&e estictions on "iect %oeignin&est(ent #s #lso to %ee the "o(estic entepeneu %o( the estiction o% MRTP #ct


Question O!$ecti&es o% econo(ic polic+ #eCoect Answe To ince#se the e%%icienc+ #n" inten#tion#l co(petiti&eness o% in"usti#l

po"uction ' To i(po&e the pe%o(#nce #n" #tion#li0e the scope o% the pu!lic secto 'To e%o( #n" (o"eni0e the %in#nci#l secto)ou Answe To ince#se the e%%icienc+ #n" inten#tion#l co(petiti&eness o% in"usti#lpo"uction ' To i(po&e the pe%o(#nce #n" #tion#li0e the scope o% the pu!lic secto 'To e%o( #n" (o"eni0e the %in#nci#l secto

#t 2 AM co((entsLin3s to this post

L#!els2 M#n#gei#l Econo(ics ?Set IIIB


Multiple Choice Single AnsweQuestionThe stu"+ o% the wo3ing #n" #lloc#tion o% esouces in the %ee (#3et econo(ies is thetopic in theCoect Answetheo+ o% pice

)ou Answetheo+ o% po"uction

Multiple Choice Single AnsweQuestionM#n#gei#l econo(ics #i(s #t po&i"ing help in the %i(s isCoect Answe"ecision (#3ing)ou Answe"ecision (#3ing

Tue-F#lse

QuestionThe %e"e#l go&en(ent o% U/S/A/ "oes not %#ce the !#sic econo(ic po!le(/

Coect AnsweF#lse)ou AnsweF#lse

Multiple Choice Single AnsweQuestionIn e6uili!iu( #n#l+sis o% # %i(' it is #ssu(e" th#t e&e+ in"i&i"u#l popieto e,hi!its

#tion#l econo(icCoect Answe

!eh#&io)ou Answe

!eh#&io
http://scdlpapers.blogspot.com/2008/08/managerial-economics-10.htmlhttps://www.blogger.com/comment.g?blogID=7377623655471138589&postID=6635116809448588039http://scdlpapers.blogspot.com/2008/08/managerial-economics-10.html#linkshttp://scdlpapers.blogspot.com/search/label/Managerial%20Economics%20(Set%20III)http://scdlpapers.blogspot.com/2008/08/managerial-economics-9.htmlhttp://scdlpapers.blogspot.com/2008/08/managerial-economics-10.htmlhttps://www.blogger.com/comment.g?blogID=7377623655471138589&postID=6635116809448588039http://scdlpapers.blogspot.com/2008/08/managerial-economics-10.html#linkshttp://www.blogger.com/email-post.g?blogID=7377623655471138589&postID=6635116809448588039http://scdlpapers.blogspot.com/search/label/Managerial%20Economics%20(Set%20III)http://scdlpapers.blogspot.com/2008/08/managerial-economics-9.html


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M#tch The FollowingQuestionCoect Answe)ou AnsweM#n#gei#l Econo(icsPescipti&e in n#tue

The theo+ o% "isti!utionResouces

Alten#ti&e usesAlten#ti&e uses

Di&ision o% societ+s output o% goo"s #n" se&icesThe theo+ o% "isti!utionPescipti&e in n#tueMoto c#sT#ngi!le goo"sT#ngi!le goo"sW#ntsIns#ti#!le

Ins#ti#!le

Tue-F#lseQuestion

M#3et pice %luctu#tes &e+ o%tenCoect AnsweTue)ou AnsweF#lse

Multiple Choice Single AnsweQuestion

The %i( is the unit th#t (#3es the "ecisions eg#"ing e(plo+(ent o% #n" the output o%co((o"ities #e

Coect Answe%#ctos o% po"uction)ou Answe%#ctos o% po"uction

Multiple Choice Single AnsweQuestionThe pinciple o% e,clusion c#nnot !e #pplie" to the goo"s which #e

Coect Answein"i&isi!le

)ou Answein&isi!le

Multiple Choice Single AnsweQuestionIn the cost G !ene%it #n#l+sis' the %i( step in&ol&e" is th#t the in&esto h#s to choose #%ew po$ect #lten#ti&es po(ising # #te o% etun which isCoect Answe

high)ou Answe

high


QuestionM#3et s+ste( o% econo(+ is ch##ctei0e" !+ consu(es


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Coect Answeso&eeignt+)ou Answe"e(#n"


QuestionIn c#se o% # $oint stoc3 co(p#n+' the li#!ilit+ o% sh#e hol"es is

Coect Answeli(ite"

)ou Answeli(ite"

Tue-F#lseQuestionThe "i&isi!le goo"s' whose !ene%its c#n !e pice"' #e c#lle" pue pu!lic goo"sCoect AnsweF#lse

)ou AnsweTue

Tue-F#lse

QuestionIn c#se o% # popiet#+ %i( the li#!ilit+ o% the popieto is li(ite"Coect AnsweF#lse)ou AnsweF#lse

Tue-F#lse

QuestionDuing the ph#se o% "epession' the le&el o% n#tion#l inco(e #n" e,pen"itue ises

#pi"l+Coect AnsweF#lse)ou AnsweF#lse


Acco"ing 8/./Cl#3' po%it is the ew#" p#i" %oCoect Answe

"+n#(is()ou Answeis3 !e#ing



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Coect Answeinel#stic)ou Answeel#stic

Tue-F#lse

QuestionDe(#n" %o %oo" g#ins is inel#stic !ut the "e(#n" %o whe#t is el#stic/

Coect AnsweTue

)ou AnsweF#lse

M#tch The FollowingQuestionCoect Answe)ou AnsweE,cess suppl+ c#n !e "e%ine" #s

Qu#ntit+ supplie" (inus 6u#ntit+ "e(#n"e"Qu#ntit+ supplie" (inus 6u#ntit+ "e(#n"e"

I% "e(#n" e(#in unch#nge" on ince#se in suppl+ will esult inA ise in e6uili!iu( 6u#ntit+

The suppl+ is pe%ectl+ el#sticM#3et Pice is # situ#tion whichThe suppl+ is pe%ectl+ el#sticA ise in e6uili!iu( 6u#ntit+The esponsi&eness o% "e(#n" to ch#nge in pice is (e#sue"El#sticit+ o% "e(#n"

In the s#(e popotionUnit inco(e el#sticit+ i(plies th#t #sinco(e ises "e(#n" %o # co((o"it+ ises

In the s#(e popotionEl#sticit+ o% "e(#n"

Select The .l#n3Question


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The su( o% tot#l %i,e" costs #n" tot#l i#!le costs is the tot#l cost/Coect AnsweTue)ou AnsweTue

Tue-F#lseQuestion

Cont#ction o% suppl+ is t#ce" !+ the "ownw#" (o&e(ent on the suppl+ cu&e/Coect Answe

Tue)ou AnsweTue

Tue-F#lseQuestionThe l#ws o% etuns to sc#le e,pl#in the !eh#&io o% output in esponse to ch#nges insc#le/

Coect AnsweTue

)ou AnsweTue

Tue-F#lseQuestionIn the st#ge I o% the l#w o% "i(inishing etuns' the (#gin#l po"uct goes on ince#singCoect AnsweTue

)ou AnsweF#lse


QuestionFe#tues o% (onopolistic Co(petitionCoect AnsweF#il+ L#ge nu(!e o% %i(s ' Po"uct "i%%eenti#tion ' Selling costs #e e,iste")ou AnsweF#il+ L#ge nu(!e o% %i(s ' Po"uct "i%%eenti#tion ' Selling costs #e e,iste"

Select The .l#n3

QuestionWhee 44444444 is ch#ging # 44444444 in the ho(e (#3et #n" # lowe pice in the

inten#tion#l (#3et' it is c#lle" Du(pingCoect Answe(onopolist)ou Answe# %i(Coect Answehighe pice)ou Answe

highe pice


The nu(!e o% selles ope#ting un"e this t+pe o% co(petition is 44444444 un"e

oligopol+' !ut less th#n un"e 44444444Coect Answe


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l#ge th#n)ou Answeco(ple(ent#+Coect Answepe%ect o(petition)ou Answe

pe%ect o(petition

Multiple Choice Multiple AnsweQuestion

M#gin#l Popensit+ to consu(eCoect AnsweIt is "e%ine" #s the #tio o% the ch#nge in consu(ption to the ch#nge in inco(e ' It is#te o% ch#nge in the #&e#ge popensit+ to consu(e #s inco(e ch#nges ' It is "ei&e"!+ the %o(ul# (pc> ch#nge in C-ch#nge in ))ou AnsweIt is "e%ine" #s the #tio o% the ch#nge in consu(ption to the ch#nge in inco(e ' It is"ei&e" !+ the %o(ul# (pc> ch#nge in C-ch#nge in ) ' It is "ei&e" !+ "i&i"ing the

ch#nge in inco(e !+ ch#nge in the consu(ption e,pen"itue


In&est(entCoect AnsweIt #""s to c#pit#l e6uip(ents ' It le#"s to ince#se in le&el o% inco(e ' It inclu"es newpl#nt #n" e6uip(ent)ou AnsweIt #""s to c#pit#l e6uip(ents ' It le#"s to ince#se in le&el o% inco(e ' It inclu"es new

pl#nt #n" e6uip(ent


Fe#tues o% st#ge o% e,p#nsion in !usiness c+cle #eCoect AnsweRise in n#tion#l output ' Rise in consu(e #n" c#pit#l e,pen"itue ' .#n3 #"nces gow#pi"l+)ou AnsweRise in n#tion#l output ' Rise in consu(e #n" c#pit#l e,pen"itue ' .#n3 #"nces gow#pi"l+


Ch##cteistics o% DepessionCoect AnsweDece#se in econo(ic #cti&ities ' The gowth #te !eco(es neg#ti&e ' The le&el o%n#tion#l inco(e "eclines #pi"l+)ou AnsweDece#se in econo(ic #cti&ities ' The gowth #te !eco(es neg#ti&e


QuestionRecession inclu"es

Coect AnsweThe "e(#n" is h#lte" ' Ince#se in po"uction o% goo"s ' In&entoies piling up in stoc3s

)ou Answe

The "e(#n" is h#lte" ' In&entoies piling up in stoc3s


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Multiple Choice Multiple AnsweQuestionThe c#uses o% in%l#tionCoect AnsweInce#se in pu!lic e,pen"itue ' Ince#se in pite e,pen"itue ' Ince#se in %oeign"e(#n"

)ou AnsweInce#se in pu!lic e,pen"itue ' Ince#se in %oeign "e(#n" ' Ince#se in t#,#tion

Select The .l#n3

QuestionThe #te o% inteest' #cco"ing to 44444444 ' "epen"s upon two %#ctos2 ?iB 44444444#n" ?iiB the 6u#ntit+ o% (one+Coect Answe;e+nes)ou Answe;e+nesCoect Answe

the li6ui"it+ pe%eence %unction)ou Answe

the li6ui"it+ pe%eence %unction

Select The .l#n3QuestionIn the wo"s o% 44444444 ' 9in%l#tion occus when the 44444444 o% pices #n" cost isising:/Coect AnswePo%/ S#(uelson

)ou AnswePo%/ S#(uelson

Coect Answegene#l le&el

)ou Answegene#l le&el

Multiple Choice Multiple AnsweQuestionFo(s o% Pu!lic EntepisesCoect AnswePu!lic Copo#tions ' Dep#t(ent#l (#n#ge(ent ' Co(p#n+ M#n#ge(ent o

(#n#ge(ent !+ !o#"s)ou Answe

Dep#t(ent#l (#n#ge(ent ' Pu!lic Copo#tions

Multiple Choice Multiple AnsweQuestionSpeci%ic og#ni0#tion#l go#ls o% Fi(s #e2Coect AnsweM#,i(is#tion o% po%it ' Re#son#!le Po%it T#get ' S#les e&enue M#,i(i0#tion)ou Answe

M#,i(is#tion o% po%it ' Re#son#!le Po%it T#get ' S#les e&enue M#,i(i0#tion


In"i&i"u#l De(#n" Sche"ule2

Coect AnsweIs in t#!ul# %o( ' It shows the pices o% goo"s ' It shows the 6u#ntities o% # co((o"it+


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puch#se")ou AnsweIs in t#!ul# %o( ' It shows the pices o% goo"s ' It shows the 6u#ntities o% # co((o"it+puch#se"


QuestionThe po"uction %unction c#n !e e,pl#ine" !+2

Coect AnsweL#w o% i#!le popotions ' L#ws o% etuns to sc#le ' Opti(u( co(!in#tions o% inputs

)ou AnsweL#w o% i#!le popotions ' L#ws o% etuns to sc#le ' Opti(u( co(!in#tions o% inputs

Multiple Choice Multiple AnsweQuestionI(plicit costs #e2Coect AnsweCost on sel% owne" esouces ' Costs o% s#l#+ o% the popieto ' Inteest on the

entepeneu=s own in&est(ent)ou Answe

Cost on sel% owne" esouces ' Inteest on the entepeneu=s own in&est(ent

Select The .l#n3QuestionM#n#gei#l 44444444s gene#ll+ e%es to the integ#tion o% econo(ic theo+ with

44444444 p#ctice/Coect Answeecono(ic

)ou Answeecono(ic

Coect Answe!usiness

)ou Answe!usiness

Select The .l#n3QuestionIn # co(petiti&e in"ust+' thee is # l#ge nu(!e o% %i(s so th#t the #ction o%

44444444 %i( h#s 44444444 on the pice #n" output o% the whole in"ust+/Coect Answe

# single)ou Answe

# singleCoect Answeno e%%ect)ou Answeno e%%ect


As pe the Inten#tion#l L#!ou Og#nis#tion ?ILOB' 4 44444444 is # 44444444#ssoci#tion o% in"i&i"u#ls with li(ite" inco(e on the !#sis o% e6u#l ights #n"

esponsi!ilities %o #chie&ing cet#Coect Answe

Co*ope#tion

)ou AnsweCo*ope#tion


14/23

Coect Answe&olunt#+)ou Answe&olunt#+

Select The .l#n3

QuestionThe wo" 44444444 h#s "i%%eent (e#nings to !usiness(en' 44444444 ' t#, collectos'

wo3es #n" econo(ists #n" it is o%ten use" in # loose sense th#t !uies its e#lsigni%ic#nce

Coect AnswePo%it)ou AnswePo%itCoect Answe#ccount#nts)ou Answe#ccount#nts

Select The .l#n3

QuestionThe "e(#n" cu&e is 44444444 epesent#tion o% # "e(#n" sche"ule' "e(#n" cu&e

slopes 44444444 w#" %o( le%t to ight/Coect Answeg#phic#l)ou Answeg#phic#lCoect Answe

"own)ou Answe

"own

Select The .l#n3QuestionThe 44444444 th#t is 44444444 is the oppotunit+ cost o% the co((o"it+ po"uce"/Coect Answes#ci%ice")ou Answeco((o"it+Coect Answe

co((o"it+)ou Answe

s#ci%ice"

#t 2 AM co((entsLin3s to this post

L#!els2 M#n#gei#l Econo(ics ?Set IIIB


LIST OF ATTEMPTED QUESTIONS AND ANSWERS


M#n#gei#l econo(ics gene#ll+ e%es to the integ#tion o% econo(ic theo+ with!usiness
http://scdlpapers.blogspot.com/2008/08/managerial-economics-9.htmlhttps://www.blogger.com/comment.g?blogID=7377623655471138589&postID=1542284186857515709http://scdlpapers.blogspot.com/2008/08/managerial-economics-9.html#linkshttp://scdlpapers.blogspot.com/search/label/Managerial%20Economics%20(Set%20III)http://scdlpapers.blogspot.com/2008/08/managerial-economics-8.htmlhttp://scdlpapers.blogspot.com/2008/08/managerial-economics-9.htmlhttps://www.blogger.com/comment.g?blogID=7377623655471138589&postID=1542284186857515709http://scdlpapers.blogspot.com/2008/08/managerial-economics-9.html#linkshttp://www.blogger.com/email-post.g?blogID=7377623655471138589&postID=1542284186857515709http://scdlpapers.blogspot.com/search/label/Managerial%20Economics%20(Set%20III)http://scdlpapers.blogspot.com/2008/08/managerial-economics-8.html


15/23

Coect AnsweP#ctice)ou AnsweP#ctice


QuestionE&e+ n#tions esouces which #e use" to po"uce the 6u#ntities o% goo"s #n" se&ices

th#t woul" !e e6uie" to s#tis%+ #ll its citi0ens w#nts #eCoect Answe

insu%%icient)ou Answesu%%icient

Multiple Choice Single AnsweQuestionAll the !u+es #n" selles ope#ting un"e pe%ect co(petition h#&e 3nowle"geCoect Answe

pe%ect)ou Answe

pe%ect

Tue-F#lseQuestionIn%l#tion e"uces the puch#sing powe o% (one+ #n" s#&ings/Coect AnsweTue)ou Answe

F#lse


The suppl+ cu&e "uing (#3et peio" is pe%ectl+Coect Answeinel#stic)ou Answeinel#stic

Tue-F#lseQuestion

Mico*econo(ics is pi(#il+ concene" with the po!le( o% wh#t' how #n" %o who( topo"uce

Coect AnsweTue)ou AnsweTue

M#tch The FollowingQuestionCoect Answe

)ou AnsweM#n#gei#l econo(ics

Decision (#3ing #n" %ow#" pl#nningDecision (#3ing #n" %ow#" pl#nning

Resouces

sc#cegoo"s #n" se&ices


16/23

Co((o"itiesgoo"s #n" se&icessc#ce5u(#n w#ntsunli(ite"unli(ite"


17/23

)ou Answegene#l

Tue-F#lseQuestionIn%l#tion is # ge#t oppotunit+ %o (ech#nts to !ene%it (oe/

Coect AnsweTue

)ou AnsweTue

Tue-F#lseQuestionThe ious ph#ses o% !usiness c+cles #e shown !+ the line o% c+cle which (o&es up #n""own the ste#"+ gowth lineCoect AnsweTue)ou Answe

Tue

Tue-F#lseQuestion

In the (e#sue(ent o% po%it' the "i%%eences in the concept o% po%it #ise out o% the"i%%eences in cost conceptsCoect AnsweTue)ou AnsweF#lse


QuestionIn econo(ics "e(#n" (e#ns "esie !#c3e" !+ #"e6u#te

Coect Answepuch#sing powe)ou Answe#!ilit+ to p#+

Multiple Choice Single AnsweQuestionThe l#w o% "i(inishing etuns is #pplic#!le to #gicultue po&i"e" the st#te o%

technolog+ is gi&en #n"Coect Answe

const#nt)ou Answeconst#nt

Multiple Choice Single AnsweQuestionUn"e the (onet#+ (e#sues to contol in%l#tion' the R/ ./ I elies he#&il+ on selecti&ece"it contols on !#n3 lo#ns #g#inst %oo" g#ins' sug#' oils' oilsee"s' cotton etc so #s

to "iscou#geCoect Answe

Specul#ti&e ho#"ing)ou Answe

Specul#ti&e ho#"ing



18/23

QuestionSlope o% suppl+ cu&e isCoect Answepositi&e)ou Answepositi&e


QuestionCosts which ince#se !ec#use o% the e,p#nsion o% # %i( #e c#lle" costs

Coect Answeince(ent#l)ou Answeince(ent#l

Tue-F#lseQuestionThe oppotunit+ cost o% # po"uct is the oppotunit+ g#ine" o% !eing #!le to po"uce

so(e othe po"uct/Coect Answe

F#lse)ou Answe

F#lse

Tue-F#lseQuestionThe suppl+ cu&e in c#se o% unit#+ el#stic suppl+ is ect#ngul# h+pe!ol#/Coect Answe

F#lse)ou Answe

F#lse

Multiple Choice Multiple AnsweQuestionAn In"ust+Coect AnsweIs # goup o% %i(s ' All %i(s "e#ling in the s#(e line o% !usiness ' The owneship #n"(#n#ge(ent o% e#ch %i( is "i%%eent)ou AnsweIs # goup o% %i(s ' All %i(s "e#ling in the s#(e line o% !usiness ' The owneship #n"

(#n#ge(ent o% e#ch %i( is "i%%eent

Select The .l#n3QuestionUn"e (onopol+' thee is 44444444 selle who contols the entie 44444444 in the(#3etCoect Answeonl+ one)ou Answeonl+ one

Coect Answesuppl+

)ou Answesuppl+



19/23

Un"e (onopson+' thee #e 44444444 selles !ut 44444444 !u+eCoect Answe(#n+)ou Answe(#n+Coect Answe

onl+ one)ou Answe

onl+ one

M#tch The FollowingQuestionCoect Answe)ou AnsweM#gin#l utilit+A""ition to tot#l utilit+A""ition to tot#l utilit+Tot#l utilit+ ince#ses (#gin#l

Pos#ti&e #n" "ecliningM#gin#l utilit+ is 0eo

At the s#tu#tion point %o # co((o"it+ , the Mu, iseo

De(#n" cu&e o% # co((o"it+M#gin#l utilities #eDe(#n" cu&e o% # co((o"it+Pos#ti&e #n" "ecliningTot#l utilit+ isM#gin#l utilit+ is 0eo

eo


.+ using cost*!ene%it #n#l+sis we c#n show the 44444444 necess#+ %o #tt#ining(#,i(u( 44444444 #n" opti(#l polic+ #i(ing #t this go#lCoect Answe(e#sues)ou Answe


20/23

It is # pheno(enon o% ising pices ' It is # gene#l #n" "+n#(ic pheno(enon ' Itinclu"es #n e,cess o% "e(#n")ou AnsweIt is # pheno(enon o% ising pices

Select The .l#n3

QuestionAggeg#te suppl+ %unction e%es to # 44444444 o% the ious (ini(u( #(ounts o%

pocee"s o 44444444 ' which (ust !e e,pecte" to !e ecei&e" !+ the entepeneucl#ss %o( the s#le o% output esult

Coect Answesche"ule)ou Answe"e(#n"Coect Answee&enues)ou Answee&enues

Select The .l#n3

QuestionIn the 44444444 te(inolog+' the 44444444 "e(#n" %unction e%es to the sche"ule o%

(#,i(u( s#les pocee"s' which the entepeneui#l co((unit+ #ctu#ll+ "oes e,pect to!e ecei&e" %o( the s#le o%Coect Answe;e+nesi#n)ou Answe;e+nesi#n

Coect Answe#ggeg#te

)ou Answe#ggeg#te

Multiple Choice Multiple AnsweQuestionThe %isc#l polic+ inclu"esCoect AnsweFo(#tion o% t#,#tion polic+ ' It is #n instu(ent %o econo(ic st#!ili0#tion ' Monitoingo% pu!lic e,pen"itue)ou Answe

Fo(#tion o% t#,#tion polic+ ' It is #n instu(ent %o econo(ic st#!ili0#tion ' Monitoingo% pu!lic e,pen"itue

Multiple Choice Multiple AnsweQuestionThe (e#ning o% (onet#+ polic+Coect AnsweIt is pog#((e o% the cent#l !#n3 ' It contols the tot#l suppl+ o% (one+ ' The !#sico!$ecti&e is to #chie&e econo(ic st#!ilit+)ou Answe

It is pog#((e o% the cent#l !#n3 ' It contols the tot#l suppl+ o% (one+ ' The !#sico!$ecti&e is to #chie&e econo(ic st#!ilit+


Question

C#uses %o ise in pices in In"i#Coect Answe


21/23

Mounting go&en(ent e,pen"itue ' De%icit %in#ncing #n" ince#se in (one+ suppl+ ' Roleo% !l#c3 (one+)ou AnsweMounting go&en(ent e,pen"itue ' De%icit %in#ncing #n" ince#se in (one+ suppl+ ' Roleo% !l#c3 (one+


M#n#gei#l econo(ics "e#ls withCoect Answe

Integ#tion o% econo(ic theo+ with !usiness p#ctice ' Using logic o% econo(ics'(#the(#tics 1 st#tistics/ ' The use o% econo(ic (o"es o% thought to #n#l+0e !usinesssolution/)ou AnsweInteg#tion o% econo(ic theo+ with !usiness p#ctice ' Using logic o% econo(ics'(#the(#tics 1 st#tistics/


QuestionThe souces o% econo(ic po!le(s #e2

Coect AnsweM#n h#s unli(ite" w#nts o en"s ' The (e#ns o esouces to s#tis%+ the( #e li(ite"/ '

These esouces #e not speci%ic !ut h#&e #lten#ti&e uses/)ou AnsweM#n h#s unli(ite" w#nts o en"s ' The (e#ns o esouces to s#tis%+ the( #e li(ite"/ 'These esouces #e not speci%ic !ut h#&e #lten#ti&e uses/


QuestionDi%%eent t+pes o% !usiness og#ni0#tions #eJ

Coect AnswePite secto/ ' Pu!lic secto/ ' 8oint secto/

)ou Answe8oint secto/

Multiple Choice Multiple AnsweQuestionPopiet#+ %i( isCoect AnsweOwne" !+ # single peson/ ' E#s+ to %o(/ ' An og#ni0#tion o% single peson/

)ou AnsweOwne" !+ # single peson/

Multiple Choice Multiple AnsweQuestionMetho"s o% (e#sue(ent o% el#sticit+Coect AnswePecent#ge Metho" ' Point el#sticit+ Metho" ' Tot#l outl#+ e,pen"itue (etho")ou AnswePecent#ge Metho" ' Point el#sticit+ Metho" ' Tot#l outl#+ e,pen"itue (etho"


QuestionDe(#n" %oec#sts #e necess#+ %o2

Coect Answe

Ful%ill(ent o% o!$ecti&e o% the pl#ns ' Pep##tion o% # !u"get ' E,p#nsion o% %i(s)ou Answe


22/23

Pep##tion o% # !u"get ' E,p#nsion o% %i(s

Select The .l#n3QuestionEcono(ic theo+ po&i"es the !#sis %o the 44444444 4 (#3ing pocess' thee is so(e"i%%eence !etween the gene#li0#tion !#se" on #!st#ction #n" #ctu#l p#ctices/ .esi"es

econo(ic theo+' (#tCoect Answe

"ecision (#3ing)ou Answe

opti(#lCoect Answest#tistics)ou Answe


The esouces o% # societ+ consist not onl+ o% the %ee gi%ts o% n#tue such #s 44444444!ut #lso o% 44444444 #n" o% #ll sots o% (#n (#"e #i"s to %uthe po"uction/

Coect Answel#n" #n" (ine#ls

)ou Answel#n" #n" (ine#lsCoect Answehu(#n c#p#cit+)ou Answehu(#n c#p#cit+

Select The .l#n3

QuestionIn"i&i"u#l o sole 44444444 ' which is #lso c#lle" sole* 44444444 ' o single

entepeneuship is the (ost co((on' the si(plest #n" the ol"est %o( o% !usinessog#nis#tion/Coect Answepopietoship)ou AnswepopietoshipCoect Answet#"e ship

)ou Answet#"e ship

Select The .l#n3QuestionNo(in#l cost is the 44444444 cost o% po"uction' it is #lso c#lle" e,penses o% po"uction/The e#l cost is the 44444444 cost o% po"uction/Coect Answe(one+)ou Answe

oppotunit+Coect Answe

oppotunit+)ou Answe

goss

Select The .l#n3


23/23

QuestionCosts (#+ !e cl#ssi%ie" #s 2 ?#B 44444444 ' inclu"ing (#tei#l costs' w#ge cost #n"inteest cost ?!B 44444444 ' inclu"ing costs o% #"&etising #n" ?cB othe costs' inclu"inginsu#nce chCoect AnswePo"uction costs

)ou AnswePo"uction costs

Coect AnsweSelling costs

)ou AnsweSelling costs

Select The .l#n3QuestionThe costs o% sel% owne" esouces' which #e e(plo+e" !+ the 44444444 ' #e non*e,pen"itue o ' 44444444Coect Answe

%i()ou Answe

%i(Coect Answe

i(plicit costs /)ou Answei(plicit costs /

managerial economics3

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