1
The emphasis of managerial economics is on
A)
Bonus theory
B)
Normative theory
C)
System theory
D)
Accounting theory
Answer & Solution
Answer: Option
B
2
Which is not the subject of Managerial Economics?
A)
Accounting Theory
B)
Pricing Decision, Policies and Practices
C)
Capital Management
D)
Profit Management
Answer & Solution
Answer: Option
A
3
Managerial economics is concerned with which combination of the following?
A)
1, 2 and 3
B)
2, 3 and 4
C)
1, 2 and 4
D)
1, 3 and 4
Answer & Solution
Answer: Option
C
4
Which is not covered under the scope of managerial economics?
A)
Profit management
B)
Accounting theory
C)
Pricing policies
D)
Production analysis
Answer & Solution
Answer: Option
B
5
Managerial economics cannot be used to identify
A)
microeconomic consequences of managerial behavior
B)
how macroeconomic forces affect the organization
C)
goals of the organization
D)
ways to efficiently achieve the organization's goals
Answer & Solution
Answer: Option
C
6
Supply of a commodity is a
A)
Stock concept
B)
A flow concept
C)
Both stock and flow concept
D)
None of these
Answer & Solution
Answer: Option
B
7
The short-run supply curve of market always
A)
Slope upward from left to right
B)
Slope downward from left to right
C)
Slope horizontally
D)
None of the above
Answer & Solution
Answer: Option
A
8
NNP at factor cost will be
A)
NNP - Depreciation
B)
Cost of Assets
C)
Dividend
D)
NNP at Market Price - Indirect Taxes + Subsidy
Answer & Solution
Answer: Option
D
9
Disposable personal income is
A)
the sum of wages, salaries, commissions, bonuses and other forms of employee earnings before deduction of any taxes of social security contributions, net income from royalties and rentals, interest income and profits of a corporation, partnership of proprietorship
B)
disposable income plus personal taxes; or current personal income receipts after deducting social security contributions but before deduction of personal taxes
C)
a concept of receipts rather than a concept of earnings and is computed after taxes and social security contributions. One must add receipts that are not payments for current productive purposes and one must deductall earnings not currently received and all taxes and social security contributions
D)
the concept of individual's income as the money value of his earnings from productive services currently rendered by him or by his property after deduction of personal taxes and social security contributions
Answer & Solution
Answer: Option
D
10
"Utils" is a term used
A)
To mean marginal utility
B)
By Walras to measure cardinal utility
C)
By Marshal in Demand theory
D)
None of the above
Answer & Solution
Answer: Option
B
