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Prelim Exam Managerial

1. This document appears to be a practice exam for a managerial economics course covering key concepts like: surplus, shortage, equilibrium, production analysis, opportunity cost, risk analysis, capital budgeting, and discounting principle. 2. The exam has three sections - identification, enumeration, and essay. The identification section contains 15 multiple choice questions testing understanding of economic terms. 3. The enumeration section asks short answer questions about the branches of economics, principles of managerial economics, factors of opportunity cost, and determinants of supply and demand. 4. Finally, the essay section provides three short essay prompts about economic problems, a definition of success, and important people in one's life.

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143 views2 pages

Prelim Exam Managerial

1. This document appears to be a practice exam for a managerial economics course covering key concepts like: surplus, shortage, equilibrium, production analysis, opportunity cost, risk analysis, capital budgeting, and discounting principle. 2. The exam has three sections - identification, enumeration, and essay. The identification section contains 15 multiple choice questions testing understanding of economic terms. 3. The enumeration section asks short answer questions about the branches of economics, principles of managerial economics, factors of opportunity cost, and determinants of supply and demand. 4. Finally, the essay section provides three short essay prompts about economic problems, a definition of success, and important people in one's life.

Uploaded by

ana panes
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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I-TECH COMPUTEER EDUCATION BAGO CITY INC.

RAMON GONZAGA COMPOUND, 1084 ARANETA ST., BRGY. POBLACION, BAGO CITY
PRELIMINARY EXAMINATION
MANAGERIAL ECONOMICS

Name: _________________________________________________ Year Level: _______________

ECONOMIC MODEL FORECASTING SHORTAGE


SCARCITY DISCOUNTING PRINCIPLE EQUILIBRIUM
PRODUCTION ANALYSIS EQUI MARGINALISM
SURPLUS OPPORTUNITY COST
MACRO ECONOMICS INCREMENTAL PRINCIPLE
RISK ANALYSIS DISCOUNTING PRINCIPLE
CAPITAL BUDGETING

I. IDENTIFICATION
Directions: Read the following statement and choose the correct answers on the box provided. Write
it on the left side of the corresponding numbers of your paper.

_________________1. It is an excess supply when the supplied exceeds quantity demanded at a


given price.
__________________2. It is when quantity supplied and quantity demanded are equal.
__________________3. It is an excess demand when the quantity demanded exceeds the
quantity supplied at a given price.
__________________4. It is the study of particular firms, particular households, individual
prices, wages, incomes, individual industries, particular industries.
__________________5. It is a resource implies on natural limitation in the availability of a
resources.
__________________6. It is a microeconomic technique are used to analyze production
efficiency, optimum factor allocation, cost, economies of scale and to estimate the firms cost
function.
__________________7. It is the structural method of constructing or developing solutions by
using basic economic principles, concepts, theories and quantitative techniques such as
mathematical and statistical tools.
__________________8. It is a condition could change by applying each alternative action so it is
crucial to decide which alternative action to use when outcomes are uncertain.
__________________9. It is the cost of any decisions measured in terms of the next best
alternative that has or had to be sacrificed or foregone in the making of the decisions.
__________________10. It is the allocation of scarce resources on different alternative uses
should be equally distributed.
__________________11. It gives an idea to increase the production not only with one more
product it could by any quantity till the profit exist.
__________________12. According to this principle, if a decision affects cost and revenues in
long run, all those cost and revenues must be discounted to present values before valid
comparison of alternatives is possible.
__________________13. It is an investment theory is used to examine a firms capital purchasing
decisions.
__________________14. It is a various uncertainty models, decision rules, and risk
quantification techniques are used to assess the riskiness of a decision.
__________________15. It deals not with individual quantities as such but with aggregates of
these quantities, not with individual incomes but with national incomes.

II. Enumeration

1. What are the two branches of economics? (2)


2. What are the basic principles of Managerial Economics? (5)
3. What are the considerable factors of opportunity cost? (3)
4. What are the factors that determine supply? (7)
5. What are the factors that determine demand? (5)
6. What are the goals of Supply and Demand? (2)

III. Essay

1. What are the main economic problem faced by our society today?
2. What is my definition of success?
3. Who are the most important people in my life?

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