‘Managerial Economics MCQ With Answers’ PDF Quick download link is given at the bottom of this article. You can see the PDF demo, size of the PDF, page numbers, and direct download Free PDF of ‘Managerial Economics MCQ With Answers’ using the download button.
Managerial Economics MCQ With Answers Book PDF Free Download
Managerial Economics MCQ With Answers PDF
- Managerial Economics is________
A. Dealing only micro aspects
B. Only a normative science
C. Deals with practical aspects
D. All of the above - The techniques of optimization include
A. Marginal analysis
B. Calculus
C. Linear programming
D. All of the above - In economics, desire backed by purchasing power is known as
A. Utility
B. Demand
C. Consumption
D. Scarcity - Basic assumptions of law of demand include
A. Prices of other goods should change.
B. There should be substitute for the commodity.
C. The commodity should not confer any distinction.
D. The demand for the commodity should not be continuous - Higher the price of certain luxurious articles, higher will be the demand, this concept
is called
A. Giffen effects
B. Veblen effects
C. Demonstration effects
D. Bothb&cabove - In the case of perfect elasticity, the demand curve is
A. Vertical
B. Horizontal
C. Flat
D. Steep - Outlay method of measurement of elasticity is also called as
A. Percentage method
B. Expenditure method
C. Point method
D. Geometric method - __ demand forecasting is related to the business conditions prevailing in
the economy as a whole
A. Macro level
B. Industry level
C. Firm level
D. None of these - __ is the base of marketing planning
A. Demand Estimation
B. Demand analysis
C. Demand function
D. Demand forecasting - _ is the change in total revenue irrespective of changes in price or due to
the effect of managerial decision on revenue
A. Average revenue
B. Total revenue
C. Marginal revenue
D. Incremental revenue - Perfect competition is characterized by
A. large number of buyers and sellers
B. homogeneous product
C. free entry and exit of firms
D. all the above - The distinction between variable cost and fixed cost is relevant only in
A. long period
B. short period
C. medium term
D. mixed period - In __ approach, the demand for new product is estimated on the basis
demand of existing product
A. Growth curve approach
B. Evolutionary approach.
C. Opinion polling approach
D. Vicarious approach. - The proportionate change in the quantity demanded of a commodity in response
to change in the price of another related commodity is called
A. Price elasticity
B. Related elasticity
C. Cross elasticity
D. Income elasticity - Which one is the method for measurement of elasticity
A. Proportional or Percentage Method
B. Outlay Method
C. Geometric method
D. All the above - __ Method is also known as Sales-Force – Composite method or collective
opinion method
A. Opinion survey
B. Expert opinion
C. Delphi method
D. Consumer interview method - Which of the following is not a method of demand forecasting of new products
A. Trend projection
B. Substitute approach
C. Evolutionary approach
D. Sales experience approach - Psychological pricing is also called as;
A. Penetration pricing
B. Skimming pricing
C. Odd pricing
D. None of these
- Customary pricing is also known as
A. Consumer pricing
B. Conventional pricing
C. Cost plus pricing
D. Full cost pricing - __ is the process of finding current values of demand for various values
of prices and other determining variables.
A. Demand Estimation
B. Demand analysis
C. Demand function
D. Demand forecasting
| Language | English |
| No. of Pages | 27 |
| PDF Size | 0.2 MB |
| Category | Education |
| Source/Credits | jmpcollege.org |
Related PDFs
Walden: Life In The Woods PDF By Henry Thoreau
Nibandh Mala For Student PDF In Hindi
Daily Use English Words With Meaning In Hindi PDF
Managerial Economics MCQ With Answers Book PDF Free Download