Managerial Economics - 13 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answe Question M!n!ge i!l econo"ics gene !ll# e$e s to the integ !tion o$ econo"ic theo # with %usiness Co ect Answe P !ctice &ou Answe P !ctice Multiple Choice Single Answe Question E'e # n!tion(s esou ces which ! e use) to p o)uce the *u!ntities o$ goo)s !n) se 'ices th!t woul) %e e*ui e) to s!tis$# !ll its citi+en(s w!nts ! e Co ect Answe insu$$icient &ou Answe su$$icient Multiple Choice Single Answe Question All the %u#e s !n) selle s ope !ting un)e pe $ect co"petition h!'e ,nowle)ge Co ect Answe pe $ect &ou Answe pe $ect T ue-F!lse Question In$l!tion Co ect T ue &ou F!lse

e)uces

the

pu ch!sing

powe Answe Answe

o$

"one#

!n)

s!'ings.

Multiple Question The suppl# Co ect inel!stic &ou inel!stic

Choice cu 'e )u ing "! ,et Answe Answe

Single pe io) is

Answe pe $ectl#

T ue-F!lse Question Mic o/econo"ics is p i"! il# conce ne) with the p o%le" o$ wh!t0 how !n) $o who" to p o)uce Co ect Answe T ue &ou Answe T ue M!tch Question The Following

Co ect &ou M!n!ge i!l Decision "!,ing Decision "!,ing Resou ces sc! ce goo)s Co""o)ities goo)s sc! ce 1u"!n unli"ite) unli"ite) 2ene !l Theo # o$ 3. 3.

!n) !n) !n) !n)

$o w! ) $o w! )

Answe Answe econo"ics pl!nning pl!nning se 'ices se 'ices w!nts

E"plo#"ent0 M. M.

Inte est

!n)

Mone# 4e#nes 4e#nes

T ue-F!lse Question The p ice polic# un)e "onopolistic co"petition is )epen)ent on the p ices ch! ge) %# othe i'!l $i "s Co ect Answe T ue &ou Answe F!lse Multiple Question All $i "s Co ect !n &ou !n Multiple Question 3oint Co ect pe petu!l &ou pe petu!l T ue-F!lse Question P i'!te p o$it Co ect T ue &ou T ue Choice p o)ucing the s!"e Single o si"il! Answe Answe Choice Stoc, Co"p!n# Answe Answe Single succession p o)uct togethe Answe "!,e in)ust # in)ust # Answe is

"oti'e

is

!n

essenti!l Answe Answe

$e!tu e

o$

C!pit!lis"

T ue-F!lse Question 5F ee i)e s( is ! te " !ssoci!te) with the people who woul) li,e to h!'e %ene$it o$ ! goo) without sh! ing the cost o$ its suppl# Co ect Answe T ue

&ou F!lse

Answe

Multiple Choice Single Answe Question M!c o 6 econo"ics p o'i)es !n e7plo !tion to the $unctioning o$ !n econo"# in Co ect Answe gene !l &ou Answe gene !l T ue-F!lse Question In$l!tion is Co ect T ue &ou T ue

g e!t

oppo tunit#

$o "e ch!nts Answe Answe

to

%ene$it

"o e.

T ue-F!lse Question The '! ious ph!ses o$ %usiness c#cles ! e shown %# the line o$ c#cle which "o'es up !n) )own the ste!)# g owth line Co ect Answe T ue &ou Answe T ue T ue-F!lse Question In the "e!su e"ent o$ p o$it0 the )i$$e ences in the concept o$ p o$it ! ise out o$ the )i$$e ences in cost concepts Co ect Answe T ue &ou Answe F!lse Multiple Question In econo"ics Co ect pu ch!sing &ou !%ilit# Choice )e"!n) "e!ns )esi e Answe Answe to Choice Single Single %!c,e) %# Answe !)e*u!te powe p!# Answe

Multiple Question The l!w o$ )i"inishing technolog# Co ect const!nt &ou const!nt

etu ns is !pplic!%le to !g icultu e p o'i)e) the st!te o$ is gi'en !n) Answe Answe

Multiple Choice Single Answe Question Un)e the "onet! # "e!su es to cont ol in$l!tion0 the R. 8. I elies he!'il# on selecti'e

c e)it cont ols on %!n, lo!ns !g!inst $oo) g !ins0 sug! 0 oils0 oilsee)s0 cotton etc so !s to )iscou !ge Co ect Answe Specul!ti'e ho! )ing &ou Answe Specul!ti'e ho! )ing Multiple Question Slope Co ect positi'e &ou positi'e Multiple Question Costs which Co ect inc e"ent!l &ou inc e"ent!l Choice o$ suppl# Answe Answe Choice inc e!se %ec!use o$ the e7p!nsion Answe Answe Single o$ ! $i " ! e c!lle) Answe costs Single cu 'e Answe is

T ue-F!lse Question The oppo tunit# cost o$ ! p o)uct is the oppo tunit# g!ine) o$ %eing !%le to p o)uce so"e othe p o)uct. Co ect Answe F!lse &ou Answe F!lse T ue-F!lse Question The suppl# Co ect F!lse &ou F!lse

cu 'e

in

c!se

o$

unit! #

el!stic Answe Answe

suppl#

is

ect!ngul!

h#pe %ol!.

Multiple Choice Multiple Question An Co ect Answe Is ! g oup o$ $i "s 0 All $i "s )e!ling in the s!"e line o$ %usiness "!n!ge"ent o$ e!ch $i " &ou Answe Is ! g oup o$ $i "s 0 All $i "s )e!ling in the s!"e line o$ %usiness "!n!ge"ent o$ e!ch $i "

Answe In)ust # 0 The owne ship !n) is )i$$e ent 0 The owne ship !n) is )i$$e ent

Select The 8l!n, Question Un)e "onopol#0 the e is 99999999 selle who cont ols the enti e 99999999 in the "! ,et Co ect Answe onl# one &ou Answe

onl# Co ect suppl# &ou suppl# Select Question Un)e "onopson#0 Co ect "!n# &ou "!n# Co ect onl# &ou onl# M!tch Question Co ect &ou M! gin!l A))ition A))ition Tot!l Pos!ti'e M! gin!l At the :e o De"!n) M! gin!l De"!n) Pos!ti'e Tot!l M! gin!l :e o

Answe Answe The the e ! e 99999999 Answe Answe Answe Answe The selle s %ut 99999999

one

8l!n, %u#e

one one Following Answe Answe utilit# utilit# utilit# "! gin!l )eclining +e o Mu7 is co""o)it# ! e co""o)it# )eclining is +e o

utilit# s!tu !tion

to to !n) !

tot!l tot!l inc e!ses is co""o)it# ! ! is 7 the

utilit# point $o

cu 'e cu 'e utilit#

o$ utilities o$ !n) utilit#

Select The 8l!n, Question 8# using cost/%ene$it !n!l#sis we c!n show the 99999999 necess! # $o !tt!ining "!7i"u" 99999999 !n) opti"!l polic# !i"ing !t this go!l Co ect Answe "e!su es &ou Answe 2 oss Do"estic P o)uct Co ect Answe net we!lth &ou Answe g oss we!lth Multiple Choice Multiple Answe Question A'e !ge p opensit# to consu"e Co ect Answe It is )e$ine) !s the !tio o$ consu"ption e7pen)itu e to !n# p! ticul! le'el o$ inco"e 0 It is $oun) %# )i'i)ing consu"ption e7pen)itu e %# inco"e 0 It is e7p esse) !s the

pe cent!ge &ou It is )e i'e)

o$ %# )i'i)ing

Answe inco"e

inco"e %# consu"ption

consu"e) e7pen)itu e

Multiple Choice Multiple Answe Question In$l!tion "e!ns Co ect Answe It is ! pheno"enon o$ ising p ices 0 It is ! gene !l !n) )#n!"ic pheno"enon 0 It inclu)es !n e7cess o$ )e"!n) &ou Answe It is ! pheno"enon o$ ising p ices Select The 8l!n, Question Agg eg!te suppl# $unction e$e s to ! 99999999 o$ the '! ious "ini"u" !"ounts o$ p ocee)s o 99999999 0 which "ust %e e7pecte) to %e ecei'e) %# the ent ep eneu cl!ss $ o" the s!le o$ output esult Co ect Answe sche)ule &ou Answe )e"!n) Co ect Answe e'enues &ou Answe e'enues Select The 8l!n, Question In the 99999999 te "inolog#0 the 99999999 )e"!n) $unction e$e s to the sche)ule o$ "!7i"u" s!les p ocee)s0 which the ent ep eneu i!l co""unit# !ctu!ll# )oes e7pect to %e ecei'e) $ o" the s!le o$ Co ect Answe 4e#nesi!n &ou Answe 4e#nesi!n Co ect Answe !gg eg!te &ou Answe !gg eg!te Multiple Choice Question The $isc!l Co ect Answe Fo "!tion o$ t!7!tion polic# 0 It is !n inst u"ent $o o$ pu%lic &ou Answe Fo "!tion o$ t!7!tion polic# 0 It is !n inst u"ent $o o$ pu%lic Multiple polic# Answe inclu)es

econo"ic st!%ili+!tion 0 Monito ing e7pen)itu e econo"ic st!%ili+!tion 0 Monito ing e7pen)itu e

Multiple Choice Multiple Answe Question The "e!ning o$ "onet! # polic# Co ect Answe It is p og !""e o$ the cent !l %!n, 0 It cont ols the tot!l suppl# o$ "one# 0 The %!sic o%;ecti'e is to !chie'e econo"ic st!%ilit#

&ou Answe It is p og !""e o$ the cent !l %!n, 0 It cont ols the tot!l suppl# o$ "one# 0 The %!sic o%;ecti'e is to !chie'e econo"ic st!%ilit# Multiple Choice Multiple Answe Question C!uses $o ise in p ices in In)i! Co ect Answe Mounting go'e n"ent e7pen)itu e 0 De$icit $in!ncing !n) inc e!se in "one# suppl# 0 Role o$ %l!c, "one# &ou Answe Mounting go'e n"ent e7pen)itu e 0 De$icit $in!ncing !n) inc e!se in "one# suppl# 0 Role o$ %l!c, "one# Multiple Choice Multiple Answe Question M!n!ge i!l econo"ics )e!ls with Co ect Answe Integ !tion o$ econo"ic theo # with %usiness p !ctice 0 Using logic o$ econo"ics0 "!the"!tics < st!tistics. 0 The use o$ econo"ic "o)es o$ thought to !n!l#+e %usiness solution. &ou Answe Integ !tion o$ econo"ic theo # with %usiness p !ctice 0 Using logic o$ econo"ics0 "!the"!tics < st!tistics. Multiple Choice Question The sou ces o$ Co ect M!n h!s unli"ite) w!nts o en)s 0 The These esou ces ! e not &ou M!n h!s unli"ite) w!nts o en)s 0 The These esou ces ! e not Multiple Question Di$$e ent Co ect P i'!te &ou 3oint Choice t#pes secto . 0 o$ Multiple Answe

econo"ic p o%le"s ! e= Answe "e!ns o esou ces to s!tis$# the" ! e li"ite). 0 speci$ic %ut h!'e !lte n!ti'e uses. Answe "e!ns o esou ces to s!tis$# the" ! e li"ite). 0 speci$ic %ut h!'e !lte n!ti'e uses. Multiple Answe o g!ni+!tions 0 3oint ! e> secto . secto .

%usiness Answe Pu%lic secto . Answe

Multiple Choice Multiple Answe Question P op iet! # $i " is Co ect Answe Owne) %# ! single pe son. 0 E!s# to $o ". 0 An o g!ni+!tion o$ single pe son. &ou Answe Owne) %# ! single pe son. Multiple Choice Multiple Answe Question Metho)s o$ "e!su e"ent o$ el!sticit# Co ect Answe Pe cent!ge Metho) 0 Point el!sticit# Metho) 0 Tot!l outl!# e7pen)itu e "etho) &ou Answe

Pe cent!ge Metho) 0 Point el!sticit# Metho) 0 Tot!l outl!# e7pen)itu e "etho) Multiple Choice Multiple Answe Question De"!n) $o ec!sts ! e necess! # $o = Co ect Answe Ful$ill"ent o$ o%;ecti'e o$ the pl!ns 0 P ep! !tion o$ ! %u)get 0 E7p!nsion o$ $i "s &ou Answe P ep! !tion o$ ! %u)get 0 E7p!nsion o$ $i "s Select The 8l!n, Question Econo"ic theo # p o'i)es the %!sis $o the 99999999 9 "!,ing p ocess0 the e is so"e )i$$e ence %etween the gene !li+!tion %!se) on !%st !ction !n) !ctu!l p !ctices. 8esi)es econo"ic theo #0 "!t Co ect Answe )ecision "!,ing &ou Answe opti"!l Co ect Answe st!tistics &ou Answe Select The 8l!n, Question The esou ces o$ ! societ# consist not onl# o$ the $ ee gi$ts o$ n!tu e such !s 99999999 %ut !lso o$ 99999999 !n) o$ !ll so ts o$ "!n "!)e !i)s to $u the p o)uction. Co ect Answe l!n) !n) "ine !ls &ou Answe l!n) !n) "ine !ls Co ect Answe hu"!n c!p!cit# &ou Answe hu"!n c!p!cit# Select The 8l!n, Question In)i'i)u!l o sole 99999999 0 which is !lso c!lle) sole/ 99999999 0 o single ent ep eneu ship is the "ost co""on0 the si"plest !n) the ol)est $o " o$ %usiness o g!nis!tion. Co ect Answe p op ieto ship &ou Answe p op ieto ship Co ect Answe t !)e ship &ou Answe t !)e ship Select The 8l!n, Question No"in!l cost is the 99999999 cost o$ p o)uction0 it is !lso c!lle) e7penses o$ p o)uction. The e!l cost is the 99999999 cost o$ p o)uction. Co ect Answe "one#

&ou oppo tunit# Co ect oppo tunit# &ou g oss

Answe Answe Answe

Select The 8l!n, Question Costs "!# %e cl!ssi$ie) !s = ?!@ 99999999 0 inclu)ing "!te i!l costs0 w!ge cost !n) inte est cost ?%@ 99999999 0 inclu)ing costs o$ !)'e tising !n) ?c@ othe costs0 inclu)ing insu !nce ch Co ect Answe P o)uction costs &ou Answe P o)uction costs Co ect Answe Selling costs &ou Answe Selling costs Select The 8l!n, Question The costs o$ sel$ owne) esou ces0 which ! e e"plo#e) %# the 99999999 0 ! e non/ e7pen)itu e o 0 99999999 Co ect Answe $i " &ou Answe $i " Co ect Answe i"plicit costs . &ou Answe i"plicit costs . !t A=BC AM D co""ents Lin,s to this post L!%els= M!n!ge i!l Econo"ics ?Set IE@ Managerial Economics - 12 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

T ue-F!lse Question A Co ect T ue &ou T ue Multiple Question The cit# Co ect

"onopolist

in

Answe Answe

p ice

"!,e .

Choice o$ F! i)!%!) h!s speci!li+e) Answe

Single in the

Answe "!nu$!ctu e o$

%!ngles &ou %!ngles Multiple Question De"!n) Co ect P ice o$ &ou P ice o$ Choice is the the p o)uct p o)uct 0 0 Rel!ti'e Rel!ti'e

Answe Multiple )ete "ine) Answe p ices o$ othe goo)s 0 Answe p ices o$ othe goo)s 0 Answe %# T!stes T!stes !n) !n) h!%its h!%its

Multiple Choice Multiple Answe Question 8!u"ol h!s pointe) out th ee "!in cont i%utions o$ econo"ic theo #. The# ! e Co ect Answe Econo"ic theo # o$$e s cl! it# to '! ious concepts use) in the %usiness !nl!#ses 0 Econo"ic theo # cont i%utes in %uil)ing !nl#!tic!l "o)el to ocogni+e "!n!ge i!l p o%le"s 0 Econo"ic theo # cont i%utes to 0F! set o$ !n!l#tic!l "etho)sF which enh!nce the !n!l#tic!l c!p!%ilities o$ %usiness !n!l#!sis &ou Answe Econo"ic theo # o$$e s cl! it# to '! ious concepts use) in the %usiness !nl!#ses 0 Econo"ic theo # cont i%utes in %uil)ing !nl#!tic!l "o)el to ocogni+e "!n!ge i!l p o%le"s 0 Econo"ic theo # cont i%utes to 0F! set o$ !n!l#tic!l "etho)sF which enh!nce the !n!l#tic!l c!p!%ilities o$ %usiness !n!l#!sis T ue-F!lse Question In c!se o$ in)i'isi%le goo)s0 which ! e not p ice)0 the )ecisions eg! )ing thei )e"!n) p e$e ences ! e t!,en th ough p ice "ech!nis". Co ect Answe F!lse &ou Answe T ue T ue-F!lse Question A shi$t in Co ect F!lse &ou T ue Multiple Question The !ct Co ect p o)uction &ou p o)uction

the

)e"!n)

cu 'e

to

the le$t Answe Answe

shows

inc e!se

in

)e"!n).

Choice o$ "!,ing

Single goo)s !n) Answe Answe se 'ices is

Answe c!lle)

Multiple Choice Single Answe Question With )ecline in p ice o$ ! co""o)it#0 tot!l e7pen)itu e spent on the co""o)it# is less th!n %e$o e0 then el!sticit# o$ )e"!n) $o the co""o)it# is Co ect Answe G C

&ou G M!tch Question Co ect &ou N.2.O.S Eolunt! # Eolunt! # Sole Unli"ite) Unli"ite) P e$e ence Fi7e) Fi7e) Pu%lic St!te St!te

Answe The

C Following Answe Answe

soci!l soci!l

!te !te

o$ o$

wo , wo , p op ieto ship li!%ilit# li!%ilit# sh! es )i'i)en) )i'i)en) ente p ises cont ol cont ol

T ue-F!lse Question Pu e p i'!te goo)s ! e co"pletel# )i'isi%le !n) to the" the p inciple o$ e7clusion !pplies in $ull "e!su e. Co ect Answe T ue &ou Answe T ue Multiple Question The !ct o$ Co ect consu"ption &ou consu"ption Choice using goo)s !n) se 'ices Answe Answe Single to s!tis$# w!nts is Answe c!lle)

T ue-F!lse Question E7te n!l econo"ies ! e the !)'!nt!ges o$ l! ge sc!le p o)uction en;o#e) e7clusi'el# !n in)i'i)u!l $i " !lone. Co ect Answe F!lse &ou Answe T ue Multiple Question M! ,et Co ect inst!%ilit# &ou st!%ilit# Multiple Question Fe!tu es Choice "ech!nis" is Answe Answe Choice o$ Pu e Multiple Co"petition Answe ! e Single ch! !cte i+e) Answe %#

Co ect Answe L! ge nu"%e o$ %u#e s !n) selle s 0 1o"ogeneous p o)ucts 0 F ee ent # !n) $ ee e7it o$ $i "s &ou Answe L! ge nu"%e o$ %u#e s !n) selle s 0 1o"ogeneous p o)ucts 0 F ee ent # !n) $ ee e7it o$ $i "s Multiple Question The things Co ect co""o)ities &ou $ ee Choice th!t ! e p o)uce) %# $!cto s Answe Answe Single o$ p o)uction ! e Answe c!lle)

goo)s

T ue-F!lse Question 2ene !ll#0 the l! ge the inco"e o$ ! consu"e 0 his )e"!n) $o o'e !ll co""o)ities ten)s to %e el!ti'el# el!stic. Co ect Answe F!lse &ou Answe F!lse Multiple Choice Multiple Answe Question The p o)uction $unction stu)ies Co ect Answe Input !n) out put el!tion 0 F!cto s o$ p o)uction !n) $in!l p o)uction 0 Technolog# use) in p o)uction &ou Answe Input !n) out put el!tion 0 F!cto s o$ p o)uction !n) $in!l p o)uction 0 De"!n) $o p o)uction Select The 8l!n, Question The e7te n!lit# which c!uses !n econo"ic g!in o !n econo"ic loss to othe econo"ic units is !lso e$e e) to !s 99999999 e7te n!lit#. Co ect Answe Pecuni! # &ou Answe Soci!l Select The 8l!n, Question The in)e7 nu"%e s which ! e co"pile) to "e!su e the ch!nges in et!il p ices o$ '! ious co""o)ities e$e s to 99999999 Co ect Answe Ret!il p ices in)e7 &ou Answe Ret!il p ices in)e7 Select The 8l!n, Question In the conte7t o$ $o "ul!ting !n in'est"ent p o;ect0 99999999 $e!si%ilit# "e!ns the !'!il!%ilit# o$ supe 'iso s $o i"ple"enting !n) unning the p o;ect s"oothl# !n) p o$ession!ll#.

Co ect "!n!ge"ent &ou "!n!ge"ent Select Question The "ini"u" nu"%e Co ect H &ou H Select Question In ! "! ,et Co ect in)i'i)u!l &ou in)i'i)u!l Multiple Question The concept Co ect no "!ti'e &ou neut !l

Answe Answe The 8l!n,

o$ )i ecto s which p i'!te li"ite) shoul) h!'e is 99999999. Answe Answe The 8l!n, ;u)ge o$ pe son!l inte est.

econo"#

99999999

is

the %est Answe Answe

Choice o$ ;ust )ist i%ution o$ Answe Answe

Single n!tion!l p o)uct

Answe is !

T ue-F!lse Question Suppl# "!n!ge"ent is Co ect T ue &ou T ue Multiple Question The Co ect uni'e s!l &ou uni'e s!l Multiple Question Un)e Co ect p ohi%ite) &ou p ohi%ite) Multiple Question Speci$ic Co ect

el!te) to the 'olu"e o$suppl# < its )ist i%ution s#ste". Answe Answe Choice Single econo"ic Answe Answe Choice Single o$ Answe Answe Choice Multiple go!ls Answe o$ Fi "s Answe ! e new $i "s Answe is p o%le" Answe is

t#pe

"onopol#

ent #

o g!ni+!tion!l

"!7i"i+!tion o$ p o$it 0 e!son!%le p o$it t! get 0 s!les e'enue "!7i"i+!tion &ou Answe "!7i"i+!tion o$ p o$it 0 s!les e'enue "!7i"i+!tion 0 to co'e is, !n) unce t!int# Multiple Choice Multiple Answe Question 2o'e n"ent inte 'ention is nee)e) in $ ee "! ,et "ech!nis" to Co ect Answe To p o'i)e e"plo#"ent to !ll who willing to wo , !t p e'!iling w!ge !te 0 F!cto s o$ p o)uction ! e opti"!ll# !lloc!te) %etween the '! ious in)ust ies 0 All will get su$$icient inco"e to "eet thei %!sic nee)s &ou Answe To p o'i)e e"plo#"ent to !ll who willing to wo , !t p e'!iling w!ge !te 0 F!cto s o$ p o)uction ! e opti"!ll# !lloc!te) %etween the '! ious in)ust ies 0 Cont ol the "! ,et "ech!nis" %# ch! ging license $ees0 co""issions0 etc Multiple Question The $i " Co ect p o)uction &ou p o)uction Choice is ! cente 0 whe e !ll the Answe Answe Single )ecisions ! e t!,en Answe !%out

Multiple Choice Single Answe Question Un)e the i"pe $ect "! ,et0 the "! ,et in which $ew $i "s e7ists is c!lle) !s Co ect Answe Oligopol# &ou Answe Oligopol# T ue-F!lse Question The e ! e Co ect F!lse &ou F!lse

no

e!l

e7ceptions to Answe Answe

the

l!w

o$

)e"!n)

Multiple Choice Single Answe Question E'e # n!tion(s esou ces which ! e use) to p o)uce the *u!ntities o$ goo)s !n) se 'ices th!t woul) %e e*ui e) to s!tis$# !ll its citi+en(s w!nts ! e Co ect Answe insu$$icient &ou Answe insu$$icient T ue-F!lse Question The p ospe it# Co ect T ue &ou T ue

ph!se

is

ch! !cte i+e)

%# ise Answe Answe

in

the

le'el

o$

e"plo#"ent.

Multiple Choice Multiple Answe Question The ch! !cte istics o$ ! sole p op ieto ship $i " is Co ect Answe Unli"ite) C!pit!l 0 Owne ship %# ! single pe son 0 E!s# to $o " &ou Answe Owne ship %# ! single pe son 0 E!s# to $o " Select Question Sole P op ieto ship Co ect t !)e ship &ou t !)e ship The which is !lso Answe Answe c!lle) sole 8l!n, 99999999

Multiple Choice Single Answe Question The "etho) o$ in'ento # '!lu!tion in which 0 the cost o$ p o)uction is c!lcul!te) on the !ssu"ption th!t the "!te i!l which w!s l!st to ente the in'ento # o$ the co"p!n# w!s use) $i st is Co ect Answe LIFO &ou Answe LIFO Multiple Question In econo"ics0 Co ect pu ch!sing &ou pu ch!sing Choice )e"!n) "e!ns )esi e Answe Single %!c,e) %# Answe !)e*u!te powe powe

Answe

Multiple Choice Single Answe Question M!n!ge i!l econo"ics gene !ll# e$e s to the integ !tion o$ econo"ic theo # with %usiness Co ect Answe P !ctice &ou Answe P !ctice Multiple Question A g oup Co ect In)ust # &ou In)ust # Multiple Question M!n!ge i!l Co ect !pplie) &ou Choice o$ $i "s )e!ling in the s!"e line Answe Answe Choice econo"ics is Single !lso un)e stoo) Answe Answe to e$e Answe to Single o$ %usiness ! e Answe c!lle) !s

econo"ics

!pplie) M!tch Question Co ect &ou Non/p ice !)'e tise"ent. !)'e tise"ent. P estige high p ice high p ice A)"iniste e) pu%lic st!te P icing st!te pu%lic Multiple Question The )e"!n) Co ect pe $ectl# &ou inel!stic Multiple Question The Co ect M!7i"i+!tion o$ )i$$e &ou M!7i"i+!tion costs 0 The

econo"ics Following Answe Answe co"petition p ice consi)e !tions. consi)e !tions. p ices un)e t!,ing. go'e n"ent. societies go'e n"ent. un)e t!,ing. Answe pe $ect co"petition is

on on

!ccount !ccount secto in secto Choice

o$ o$

p estige p estige

coope !ti'e

Single o$ ! $i " Answe Answe un)e

cu 'e

?A.R.@

el!stic

Choice !)'!nt!ge o$

Multiple

Answe

cost/%ene$it !n!l#sis ! e Answe o$ soci!l wel$! e 0 O%;ecti'e "e!su e"ent o$ the t !)e/o$$ 0 M!7i"i+!tion ence %etween tot!l %ene$its < tot!l costs Answe o$ soci!l wel$! e 0 M!7i"i+!tion o$ )i$$e ence %etween tot!l %ene$its < tot!l Applic!%le onl# in p! ti!l e*uili% iu" $ !"ewo ,.

Select The 8l!n, Question 8# using cost/%ene$it !n!l#sis we c!n show the "e!su es necess! # $o !tt!ining "!7i"u" 99999999 !n) opti"!l polic# !i"ing !t this go!l. Co ect Answe net we!lth &ou Answe net )o"estic p o)uct Multiple Choice Multiple Answe Question The c!uses o$ in$l!tion ! e Co ect Answe Inc e!se in pu%lic e7pen)itu e 0 Inc e!se in p i'!te e7pen)itu e 0 Inc e!se in $o eign )e"!n) &ou Answe Inc e!se in pu%lic e7pen)itu e 0 Inc e!se in $o eign )e"!n) 0 Inc e!se in t!7!tion Select Question The 8l!n,

The p! tne ship Co ect 3oint &ou 3oint

%etween

p i'!te

secto < go'e n"ent Answe secto Answe secto

is

c!lle)

99999999 ente p ise ente p ise

Multiple Choice Multiple Answe Question Fe!tu es o$ sho t un pe io) ! e Co ect Answe Suppl# o$ goo)s c!n %e !);uste) to the )e"!n) to so"e e7tent 0 Suppl# !n) )e"!n) )ete "ine the p ice 0 So"e $!cto s c!n %e ch!nge) &ou Answe Suppl# o$ goo)s c!n %e !);uste) to the )e"!n) to so"e e7tent 0 Suppl# !n) )e"!n) )ete "ine the p ice 0 So"e $!cto s c!n %e ch!nge) !t A=BD AM D co""ents Lin,s to this post L!%els= M!n!ge i!l Econo"ics ?Set IE@ Managerial Economics - 11 LIST OF ATTEMPTED QUESTIONS AND ANSWERS

T ue-F!lse Question A suppl# Co ect F!lse &ou T ue

sche)ule

is

g !phic!l p esent!tion Answe Answe

o$

suppl#

p!tte ns.

T ue-F!lse Question The su%;ect "!tte o$ "!c o 6 econo"ics inclu)es the theo # o$ inco"e !n) e"plo#"ent !t !n in)i'i)u!l le'el. Co ect Answe F!lse &ou Answe F!lse Select The 8l!n, Question When )e"!n) $o the p o)uct inc e!ses in the s!"e p opo tion in which inco"e inc e!ses0 Inco"e el!sticit# o$ )e"!n) will %e e*u!l to99999999 Co ect Answe unit# &ou Answe unit# Multiple Question Fe!tu es Co ect Choice o$ st!ge o$ e7p!nsion Answe Multiple in %usiness c#cle Answe ! e

Rise in n!tion!l output 0 Rise in consu"e !n) c!pit!l e7pen)itu e 0 8!n, !)'!nces g ow !pi)l# &ou Answe Rise in n!tion!l output 0 Rise in consu"e !n) c!pit!l e7pen)itu e 0 8!n, !)'!nces g ow !pi)l# Multiple Choice Multiple Answe Question E7plicit costs ! e Co ect Answe Out o$ poc,et costs 0 These ! e $i "s !ccounting e7penses 0 E7pen)itu e costs &ou Answe Out o$ poc,et costs 0 These ! e $i "s !ccounting e7penses 0 E7pen)itu e costs Multiple Question De"!n) Co ect h!%it &ou h!%it Choice $o p o)ucts li,e te!0 Single %etel0 to%!coo0 Answe Answe sig! !tte is ! Answe "!tte o$

Multiple Choice Single Answe Question I$ the su%stitutes ! e el!ti'el# che!pe then the )e"!n) $o the co""o)it# in *uestion will %e Co ect Answe less &ou Answe less Multiple Choice Single Answe Question An !sse"%l# o$ se'e !l "!chines0 lin,e) togethe eithe ph#sic!ll# o %# p ocesses0 c!p!%le o$ p o)ucing ! gi'en *u!ntit# o$ ! p o)uct pe )!# is Co ect Answe pl!nt &ou Answe pl!nt Multiple Question The Ris, Co ect A"e ic!n &ou A"e ic!n Choice T!,ing Theo # w!s )e'elope) Answe Answe The the !ccounts %oo, o$ the $i " ! e Answe Answe The Single %# 1!wle#0 who Answe w!s !n

Econo"ist Econo"ist 8l!n, e$e e) !s 99999999. cost cost 8l!n,

Select Question The cost which ente Co ect Accounting &ou Accounting Select

Question The pe sons Co ect P! tne s &ou P! tne s Select Question Pe $ectl# Co ect ho i+ont!l &ou ho i+ont!l

who

own

the

99999999hip Answe Answe The

conce n

! e

c!lle)

P! tne s.

8l!n, cu 'e is 99999999

el!stic

)e"!n) Answe Answe

Select The 8l!n, Question While )iscussing the p o)uct )i'isi%ilit# o$ pu%lic !n) p i'!te goo)s0 the p inciple o$ 99999999 "!# %e !pplie) in c!se o$ onl# those people who )o not !g ee to p!# o who c!nnot p!# the "! ,et p ice Co ect Answe e7clusion &ou Answe e7clusion Multiple Choice Multiple Answe Question Fe!tu es o$ the $i " ! e Co ect Answe It is ! %usiness unit o g!ni+e) un)e one owne ship 0 It is ! sole p op ieto ship 0 It is ! p! tne ship o ;oint stoc, co"p!n# &ou Answe It is ! %usiness unit o g!ni+e) un)e one owne ship 0 It is ! sole p op ieto ship 0 It is ! p! tne ship o ;oint stoc, co"p!n# Multiple Choice Multiple Answe Question The c!uses o$ in$l!tion ! e Co ect Answe Inc e!se in pu%lic e7pen)itu e 0 Inc e!se in p i'!te e7pen)itu e 0 Inc e!se in $o eign )e"!n) &ou Answe Inc e!se in pu%lic e7pen)itu e 0 Inc e!se in p i'!te e7pen)itu e 0 Inc e!se in $o eign )e"!n) T ue-F!lse Question In$l!tion is Co ect T ue &ou T ue M!tch Question Co ect &ou

g e!t

oppo tunit#

$o "e ch!nts Answe Answe The

to

e! n

"o e

p o$it.

Following Answe Answe

1u"!n unli"ite) unli"ite) 2ene !l Theo # o$ 3. 3. M!n!ge i!l Decision "!,ing Decision "!,ing Resou ces sc! ce sc! ce Co""o)ities goo)s goo)s Multiple Question The Co ect M!7i"i+!tion o$ )i$$e &ou M!7i"i+!tion o$ )i$$e Choice !)'!nt!ge o$

w!nts E"plo#"ent0 M. M. !n) !n) Inte est !n) Mone# 4e#nes 4e#nes econo"ics pl!nning pl!nning

$o w! ) $o w! )

!n) !n) Multiple

se 'ices se 'ices Answe

cost/%ene$it !n!l#sis ! e Answe o$ soci!l wel$! e 0 O%;ecti'e "e!su e"ent o$ the t !)e/o$$ 0 M!7i"i+!tion ence %etween tot!l %ene$its < tot!l costs Answe o$ soci!l wel$! e 0 O%;ecti'e "e!su e"ent o$ the t !)e/o$$ 0 M!7i"i+!tion ence %etween tot!l %ene$its < tot!l costs The which is !lso Answe Answe c!lle) sole 8l!n, 99999999

Select Question Sole P op ieto ship Co ect t !)e ship &ou t !)e ship

T ue-F!lse Question A pl!nt is !n econo"ic unit which t!,es '! ious )ecisions )ist i%ution. Co ect Answe F!lse &ou Answe F!lse Multiple Choice Question Fe!tu es o$ !n Co ect Answe All $i "s )e!ling in the s!"e line o$ %usiness 0 The $i " is )i$$e ent 0 Is &ou Answe All $i "s )e!ling in the s!"e line o$ %usiness 0 The $i " is )i$$e ent 0 Is Multiple

el!te) to p o)uction !n)

Answe ! e

In)ust #

owne ship !n) "!n!ge"ent o$ e!ch ! g oup o$ $i "s owne ship !n) "!n!ge"ent o$ e!ch ! g oup o$ $i "s

Multiple Choice Single Answe Question M!n!ge i!l econo"ics gene !ll# e$e s to the integ !tion o$ econo"ic theo # with %usiness

Co ect P !ctice &ou P !ctice

Answe Answe

T ue-F!lse Question Du ing ecession0 on !ccount o$ )ecline in in'est"ent %# p o)uce s0 the e is )ecline in inco"e !n) consu"ption. Co ect Answe T ue &ou Answe T ue Multiple Choice Multiple Answe Question The $isc!l polic# inclu)es Co ect Answe Monito ing o$ pu%lic e7pen)itu e 0 Fo "!tion o$ t!7!tion polic# 0 It is !n inst u"ent $o econo"ic st!%ili+!tion &ou Answe Fo "!tion o$ t!7!tion polic# 0 It is !n inst u"ent $o econo"ic st!%ili+!tion 0 Monito ing o$ pu%lic e7pen)itu e Multiple Question Fo ec!sts Co ect st!tistic!l &ou st!tistic!l Multiple Question M!n!ge i!l Co ect !pplie) &ou !pplie) Choice "!)e eithe th ough e7pe ience Answe Answe Choice econo"ics is Single !lso un)e stoo) Answe Answe to e$e Answe to o Single th ough Answe "etho)igistic ! e

econo"ics econo"ics

Select The 8l!n, Question The e7te n!lit# which c!uses !n econo"ic g!in o !n econo"ic loss to othe econo"ic units is !lso e$e e) to !s 99999999 e7te n!lit#. Co ect Answe Pecuni! # &ou Answe Soci!l Multiple Question Acco )ing Co ect unce t!int# &ou unce t!int# Choice to P o$. F.1. Single 4night0 p o$it Answe Answe is ! ew! ) Answe $o %e! ing %e! ing

Multiple Question The p inciple Co ect S!#Fs &ou L!w Multiple Question Ph!ses Co ect E7p!nsion &ou E7p!nsion

Choice o$ $ull L!w

Single e"plo#"ent e*uili% iu" Answe o$ Answe o$ Multiple Answe Pe!, Answe 0 %usiness 0 Recession 0 w!s

Answe st!te) %# M! ,et De"!n) Answe c#cle Recession T ough

Choice o$ 0 0 Pe!,

T ue-F!lse Question In c!se o$ ! 3oint Stoc, Co"p!n# the li!%ilit# o$ the sh! e hol)e s is unli"ite). Co ect Answe F!lse &ou Answe F!lse Multiple Choice Single Answe Question 2oo)s which ! e co"pletel# )i'isi%le !n) to the" the p inciple o$ e7clusion !pplies in $ull "e!su e0 ! e c!lle) Co ect Answe Pu e pu%lic goo)s &ou Answe P i'!te goo)s Multiple Choice Multiple Answe Question Assu"ptions un)e l#ing the l!w o$ Suppl# ! e Co ect Answe The cost o$ p o)uction is unch!nge) 0 No ch!nge in techni*ue o$ p o)uction 0 2o'e n"ent policies ! e unch!nge) &ou Answe The cost o$ p o)uction is unch!nge) 0 No ch!nge in techni*ue o$ p o)uction 0 2o'e n"ent policies ! e unch!nge) Multiple Choice Question The p!#"ents "!)e out o$ Co ect Answe Re"une !tion to $!cto s o$ p o)uction 0 Dep &ou Answe Re"une !tion to $!cto s o$ p o)uction 0 Dep Multiple the eci!tion eci!tion 2 oss 0 0 P o$it Answe ! e Ch! ges Ch! ges

M!inten!nce M!inten!nce

Select The 8l!n, Question The in)i'isi%le goo)s to which the p inciple e7clusion )oes not !ppl# ! e c!lle) 99999999 goo)s. Co ect Answe pu e pu%lic

&ou pu e

Answe

pu%lic

T ue-F!lse Question Mic o/econo"ics is p i"! il# conce ne) with the p o%le" o$ wh!t0 how !n) $o who" to p o)uceI Co ect Answe F!lse &ou Answe T ue Multiple Question 2 oss p o$it Co ect e7pen)itu e &ou e7pen)itu e T ue-F!lse Question Du ing pe io) Co ect T ue &ou T ue Choice is the e7cess o$ Single tot!l e'enue Answe Answe o$ ! $i " o'e Answe tot!l

o$

)ep ession

'! ious

$!cto s Answe

o$

p o)uction

lie

unutili+e).

Answe

Multiple Choice Multiple Answe Question Co/ope !ti'e o g!ni+!tions is Co ect Answe 'olunt! # o g!ni+!tion 0 "!n!ge) %# )e"oc !tic p inciple 0 o g!ni+!tion0 which pe $o "s its %usiness within the "e"%e s &ou Answe 'olunt! # o g!ni+!tion 0 "!n!ge) %# )e"oc !tic p inciple 0 o g!ni+!tion0 which pe $o "s its %usiness within the "e"%e s 0 non p o$it "oti'e o g!ni+!tion Multiple Question M!c o Co ect !gg eg!te &ou !gg eg!te Choice econo"ics is %eh!'io %eh!'io the Answe Answe Single stu)# o$ o$ o$ Answe the econo"# econo"#

T ue-F!lse Question To sol'e the une"plo#"ent p o%le"0 the le'el o$ e$$ecti'e )e"!n) "ust )ec e!se. Co ect Answe F!lse &ou Answe F!lse Multiple Question The Choice pu%lic secto is owne) Single < cont olle) Answe %#

Co ect st!te &ou st!te Select Question De"!n) Co ect inel!stic &ou el!ti'el#

Answe Answe The $o s!$et# pins Answe Answe is

ente p ises ente p ises 8l!n, 99999999

inel!stic

Multiple Choice Single Answe Question Un)e pe $ect co"petition0 gene !ll# )e"!n) !n) suppl# !ct !n) e!ct upon e!ch othe !n) )ete "ine the p ice Co ect Answe e*uili% iu" &ou Answe e*uili% iu" T ue-F!lse Question Du ing the pe io) o$ ecession the e is inc e!se in inco"es o$ w!ge !n) inte est e! ne s. Co ect Answe F!lse &ou Answe F!lse Select Question In ! "! ,et Co ect in)i'i)u!l &ou $i " The econo"# 99999999 is the %est Answe Answe ;u)ge o$ pe son!l 8l!n, inte est.