Managerial Economics - 10 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answe Question Pu e pu!lic goo"s # e su!

$ect to the l#w o% "ec e#sing #&e #ge cost' !ec#use o% the Co ect Answe econo(ies o% sc#le )ou Answe econo(ies o% sc#le Multiple Choice Single Answe Question In the cost * !ene%it #n#l+sis' #%te %o (ul#ting &# ious #lte n#ti&e p o$ect c#p#cit+' e#ch o% the( h#s to !e e,#(ine" in te (s o% its Co ect Answe %e#si!ilit+ )ou Answe %e#si!ilit+ T ue-F#lse Question .# g#ining is one o% the e(e"ies o% co ecti&e #ction/ Co ect Answe F#lse )ou Answe T ue M#tch The Following Question Co ect 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 P o"uction possi!ilit+ % ontie M#,i(i0#tion o% output M#,i(i0#tion o% output Multiple Choice Multiple Answe Question The #"&#nt#ge o% cost*!ene%it #n#l+sis # e Co ect Answe M#,i(i0#tion o% soci#l wel%# e ' O!$ecti&e (e#su e(ent o% the t #"e*o%% ' M#,i(i0#tion o% "i%%e ence !etween tot#l !ene%its 1 tot#l costs )ou Answe M#,i(i0#tion o% soci#l wel%# e ' O!$ecti&e (e#su e(ent o% the t #"e*o%% ' M#,i(i0#tion o% "i%%e ence !etween tot#l !ene%its 1 tot#l costs Multiple Choice Multiple Answe Question The te ( e,te n#lities (#+ #lso !e e%e e" #s2 Co ect Answe Spill*o&e e%%ects ' Neigh!o hoo" e%%ects ' Thi " p# t+ e%%ects )ou Answe Spill*o&e e%%ects ' Neigh!o hoo" e%%ects ' Thi " p# t+ e%%ects Select The .l#n3 Question Mo"e n econo(ists t e#t soci#l cost #n" !ene%its #s 44444444 o% p i&#te in&est(ent #n" p o"uction "ecisions/ Co ect Answe e,te n#lities )ou Answe "is#"&#nt#ges Select The .l#n3 Question Econo(ists li3e A/C/5# !e ge h#&e shown th#t the cost !ene%it #n#l+sis c#n !e #pplie" to 44444444 #n#l+sis/ Co ect Answe gene #l e6uili! iu( )ou Answe gene #l e6uili! iu(

Select The .l#n3 Question In the conte,t o% %o (ul#ting #n in&est(ent p o$ect' 44444444 %e#si!ilit+ (e#ns the #&#il#!ilit+ o% supe &iso s %o i(ple(enting #n" unning the p o$ect s(oothl+ #n" p o%ession#ll+/ Co ect Answe (#n#ge(ent )ou Answe (#n#ge(ent Select The .l#n3 Question P o%/ S#( Nelson c#lls is3s % o( uns#%e %#cto ies o nucle# powe pl#nts #s 44444444 econo(ies/ Co ect Answe neg#ti&e )ou Answe h#0# "ous Multiple Choice Single Answe Question Acco "ing to Lionel Ro!!ins' 7Econo(ics is # science which stu"ies Co ect Answe hu(#n !eh#&io )ou Answe soci#l !eh#&io Multiple Choice Single Answe Question Question el#te" to the e%%icient p o"uction #n" #lloc#tion !elong to the ! #nch o% econo(ic theo + c#lle" Co ect Answe Wel%# e Econo(ics )ou Answe .usiness Econo(ics 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 ' 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 Answe Question The pu!lic secto is owne" 1 cont olle" !+ Co ect Answe st#te ente p ises )ou Answe st#te ente p ises Select The .l#n3 Question Re#son#!le p o%it t# get #s #n #lte n#ti&e to the o!$ecti&e o% p o%it (#,i(i0#tion w#s suggeste" !+ 44444444/ Co ect Answe 8oel De#n )ou Answe 8oel De#n Select The .l#n3 Question 95o(eost#tic App o#ch: #s #n #lte n#ti&e o!$ecti&e o% %i (s w#s suggeste" !+ 44444444/ Co ect Answe P o%/ ;enneth .oul"ing )ou Answe P o%/ ;enneth .oul"ing Select The .l#n3 Question The %o ( o% o g#ni0#tion which is !est %o sel% e(plo+(ent is 44444444/ Co ect Answe Sole t #"e )ou Answe Sole t #"e T ue-F#lse Question Accounting p o%it t#3es in to #ccount oppo tunit+ cost/

Co ect Answe F#lse )ou Answe F#lse Multiple Choice Single Answe Question Co(ple(ent# + goo"s # e "e(#n"e" Co ect Answe $ointl+ )ou Answe $ointl+ Multiple Choice Single Answe Question I% the su!stitutes # e el#ti&el+ costl+ then the "e(#n" %o the co((o"it+ in 6uestion will !e Co ect Answe (o e )ou Answe s#(e T ue-F#lse Question The e # e no e#l e,ceptions to the l#w o% "e(#n" Co ect Answe F#lse )ou Answe F#lse T ue-F#lse Question De(#n" cu &e slopes "ownw# "s % o( le%t to ight/ Co ect Answe T ue )ou Answe T ue Select The .l#n3 Question An upw# " sloping "e(#n" cu &e is c#lle" 44444444 Co ect Answe e,ception#l "e(#n" cu &e )ou Answe e,ception#l "e(#n" cu &e Select The .l#n3 Question <oo"s which # e p# #"o,ic#l to the l#w o% "e(#n" # e 44444444 Co ect Answe <i%%en goo"s' ' )ou Answe <i%%en goo"s' ' M#tch The Following Question Co ect Answe )ou Answe No (#ll+ the iso6u#nt slopes upw# " % o( ight to le%t/ "ownw# " % o( ight to le%t An+ st #ight line suppl+ cu &e which cuts + #,is will h#&e 0e o el#sticit+ o% suppl+/ pe %ectl+ el#stic The (# 3et pe io" suppl+ cu &e %o pe ish#!le co((o"ities is pe %ectl+ inel#stic/ pe %ectl+ inel#stic/ A ightw# "s shi%t in suppl+ sche"ule in"ic#tes #n inc e#se in suppl+/ #n inc e#se in suppl+/ Multiple Choice Multiple Answe Question E,plicit costs # e Co ect Answe Out o% poc3et costs ' These # e %i (s #ccounting e,penses ' E,pen"itu e costs )ou Answe Out o% poc3et costs ' These # e %i (s #ccounting e,penses ' E,pen"itu e costs Select The .l#n3

Question Output ises in # lesse p opo tion to th#t o% the inc e#se in input' un"e the c#se o% 44444444/ Co ect Answe "ec e#sing etu ns to sc#le )ou Answe "ec e#sing etu ns to sc#le Select The .l#n3 Question The cost which ente the #ccounts !oo3 o% the %i ( # e e%e e" #s 44444444/ Co ect Answe Accounting cost )ou Answe Accounting cost Multiple Choice Single Answe Question 8e&ons= ' the econo(ists who "e%ine" the te ( =(# 3et= "i%%e ent % o( th#t o% the t #"ition#l sense is #n Co ect Answe English econo(ists )ou Answe English econo(ists Multiple Choice Single Answe Question Econo(ists h#&e pointe" out th#t the e#l wo l" is %ull o% Co ect Answe I(pe %ect co(petition )ou Answe I(pe %ect co(petition T ue-F#lse Question A %i ( un"e pe %ect co(petition is # p ice (#3e / Co ect Answe F#lse )ou Answe F#lse T ue-F#lse Question Un"e pe %ect co(petition single selle c#n in%luence the p ice/ Co ect Answe F#lse )ou Answe F#lse Multiple Choice Multiple Answe Question T+pes o% i(pe %ect co(petition # e Co ect Answe Monopol+ ' Duopol+ ' Oligopol+ )ou Answe Monopol+ ' Duopol+ ' Oligopol+ Multiple Choice Multiple Answe Question Fe#tu es o% Pu e Co(petition # e Co ect Answe L# ge nu(!e o% !u+e s #n" selle s ' 5o(ogeneous p o"ucts ' F ee ent + #n" % ee e,it o% %i (s )ou Answe L# ge nu(!e o% !u+e s #n" selle s ' 5o(ogeneous p o"ucts ' F ee ent + #n" % ee e,it o% %i (s Multiple Choice Multiple Answe Question E6uili! iu( is the st#ge o% Co ect Answe (#,i(u( s#tis%#ction ' !#l#nce ' st#tion# + )ou Answe (#,i(u( s#tis%#ction ' !#l#nce Multiple Choice Single Answe Question In%l#tion is # pheno(en# in which p ices Co ect Answe ise )ou Answe ise Multiple Choice Single Answe Question T ue in%l#tion st# ts onl+ #%te Co ect Answe E(plo+(ent )ou Answe E(plo+(ent e#ching the le&el o% %ull

T ue-F#lse Question Du ing in%l#tion' the pensione s whose inco(e is pe (#nentl+ %i,e"' # e su!st#nti#ll+ !ene%ite"/ Co ect Answe F#lse )ou Answe F#lse T ue-F#lse Question S#&ing is # p i&#te &i tue Co ect Answe T ue )ou Answe T ue Multiple Choice Multiple Answe Question Acco "ing to ;e+nes' Agg eg#te suppl+ %unction e%e s to Co ect Answe the (ini(u( p ice o% e&enue which the ent ep eneu s (ust get ' Associ#te" with "i%%e ent le&els o% e(plo+(ent ' E,pl#ins th#t the le&el o% out put &# ies with the le&el o% e(plo+(ent )ou Answe the (ini(u( p ice o% e&enue which the ent ep eneu s (ust get ' Associ#te" with "i%%e ent le&els o% e(plo+(ent ' E,pl#ins th#t the le&el o% out put &# ies with the le&el o% e(plo+(ent Multiple Choice Multiple Answe Question M# gin#l P opensit+ to consu(e is ch# #cte i0e" #s %ollows Co ect Answe It 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 p opensit+ to consu(e #s inco(e ch#nges ' It is "e i&e" !+ the %o (ul# (pc> ch#nge in c-ch#nge in + )ou Answe It is #te o% ch#nge in the #&e #ge p opensit+ to consu(e #s inco(e ch#nges ' It is "e i&e" !+ the %o (ul# (pc> ch#nge in c-ch#nge in + ' It is "e i&e" !+ "i&i"ing the ch#nge in inco(e !+ ch#nge in the consu(ption e,pen"itu e Multiple Choice Single Answe Question Du ing the pe io" o% "ep ession &# ious %#cto s o% p o"uction # e Co ect Answe e,h#uste" )ou Answe unutili0e" T ue-F#lse Question In gene #l S.I uses its (onet# + polic+ to #chie&e # $u"icious !#l#nce !etween the g owth o% p o"uction #n" cont ol o% the gene #l p ice le&el/ Co ect Answe F#lse )ou Answe F#lse T ue-F#lse Question Pu!lic ente p ises h#&e shown # &e + high #te o% etu n o% the c#pit#l in&este" Co ect Answe F#lse )ou Answe F#lse Multiple Choice Multiple Answe Question The (e#ning o% (onet# + polic+ is Co ect Answe It is p og #((e" o% the cent #l !#n3 ' It cont ols the tot#l suppl+ o% (one+ ' The !#sic o!$ecti&e is to #chie&e econo(ic st#!ilit+ )ou Answe It is p og #((e" o% the cent #l !#n3 ' It cont ols the tot#l suppl+ o% (one+ ' The !#sic o!$ecti&e is to #chie&e econo(ic st#!ilit+ Multiple Choice Multiple Answe Question M#in #i(s o% the New In"ust i#l Polic+ ?@AA@B # e Co ect Answe To unsh#c3le the in"i#n in"ust i#l econo(+ % o( the co!we!s o% unnecess# + !u e#uc #tic cont ol ' To int o"uce li!e #li0#tion with # &iew to integ #te the

in"i#n econo(+ with the wo l" econo(+ ' To e(o&e est ictions on "i ect %o eign in&est(ent #s #lso to % ee the "o(estic ent ep eneu % o( the est iction o% MRTP #ct )ou Answe To unsh#c3le the in"i#n in"ust i#l econo(+ % o( the co!we!s o% unnecess# + !u e#uc #tic cont ol ' To int o"uce li!e #li0#tion with # &iew to integ #te the in"i#n econo(+ with the wo l" econo(+ ' To e(o&e est ictions on "i ect %o eign in&est(ent #s #lso to % ee the "o(estic ent ep eneu % o( the est iction o% MRTP #ct Multiple Choice Multiple Answe Question O!$ecti&es o% econo(ic polic+ # e Co ect Answe To inc e#se the e%%icienc+ #n" inte n#tion#l co(petiti&eness o% in"ust i#l p o"uction ' To i(p o&e the pe %o (#nce #n" #tion#li0e the scope o% the pu!lic secto ' To e%o ( #n" (o"e ni0e the %in#nci#l secto )ou Answe To inc e#se the e%%icienc+ #n" inte n#tion#l co(petiti&eness o% in"ust i#l p o"uction ' To i(p o&e the pe %o (#nce #n" #tion#li0e the scope o% the pu!lic secto ' To e%o ( #n" (o"e ni0e the %in#nci#l secto #t C2DA AM E co((ents Lin3s to this post L#!els2 M#n#ge i#l Econo(ics ?Set IIIB Managerial Economics - 9 Multiple Choice Single Answe Question The stu"+ o% the wo 3ing #n" #lloc#tion o% esou ces in the % ee (# 3et econo(ies is the topic in the Co ect Answe theo + o% p ice )ou Answe theo + o% p o"uction Multiple Choice Single Answe Question M#n#ge i#l econo(ics #i(s #t p o&i"ing help in the %i (s is Co ect Answe "ecision (#3ing )ou Answe "ecision (#3ing T ue-F#lse Question The %e"e #l go&e n(ent o% U/S/A/ "oes not %#ce the !#sic econo(ic p o!le(/ Co ect Answe F#lse )ou Answe F#lse Multiple Choice Single Answe Question In e6uili! iu( #n#l+sis o% # %i (' it is #ssu(e" th#t e&e + in"i&i"u#l p op ieto e,hi!its #tion#l econo(ic Co ect Answe !eh#&io )ou Answe !eh#&io

M#tch The Following Question Co ect Answe )ou Answe M#n#ge i#l Econo(ics P esc ipti&e in n#tu e The theo + o% "ist i!ution Resou ces Alte n#ti&e uses Alte n#ti&e uses Di&ision o% societ+Fs output o% goo"s #n" se &ices The theo + o% "ist i!ution P esc ipti&e in n#tu e Moto c# s T#ngi!le goo"s T#ngi!le goo"s W#nts Ins#ti#!le Ins#ti#!le T ue-F#lse Question M# 3et p ice %luctu#tes &e + o%ten Co ect Answe T ue )ou Answe F#lse Multiple Choice Single Answe Question The %i ( is the unit th#t (#3es the "ecisions eg# "ing e(plo+(ent o% #n" the output o% co((o"ities # e Co ect Answe %#cto s o% p o"uction )ou Answe %#cto s o% p o"uction Multiple Choice Single Answe Question The p inciple o% e,clusion c#nnot !e #pplie" to the goo"s which # e Co ect Answe in"i&isi!le )ou Answe in&isi!le Multiple Choice Single Answe Question In 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 p o$ect #lte n#ti&es p o(ising # #te o% etu n which is Co ect Answe high )ou Answe high Multiple Choice Single Answe Question M# 3et s+ste( o% econo(+ is ch# #cte i0e" !+ consu(e Fs

Co ect Answe so&e eignt+ )ou Answe "e(#n" Multiple Choice Single Answe Question In c#se o% # $oint stoc3 co(p#n+' the li#!ilit+ o% sh# e hol"e s is Co ect Answe li(ite" )ou Answe li(ite" T ue-F#lse Question The "i&isi!le goo"s' whose !ene%its c#n !e p ice"' # e c#lle" pu e pu!lic goo"s Co ect Answe F#lse )ou Answe T ue T ue-F#lse Question In c#se o% # p op iet# + %i ( the li#!ilit+ o% the p op ieto is li(ite" Co ect Answe F#lse )ou Answe F#lse T ue-F#lse Question Du ing the ph#se o% "ep ession' the le&el o% n#tion#l inco(e #n" e,pen"itu e ises #pi"l+ Co ect Answe F#lse )ou Answe F#lse Multiple Choice Single Answe Question Acco "ing 8/./Cl# 3' p o%it is the ew# " p#i" %o Co ect Answe "+n#(is( )ou Answe is3 !e# ing Multiple Choice Single Answe Question < oss p o%it is the e,cess o% tot#l e&enue o% # %i ( o&e tot#l Co ect Answe e,pen"itu e )ou Answe e,pen"itu e Multiple Choice Single Answe Question In gene #l' the "e(#n" %o necess# ies is el#ti&el+

Co ect Answe inel#stic )ou Answe el#stic T ue-F#lse Question De(#n" %o %oo" g #ins is inel#stic !ut the "e(#n" %o whe#t is el#stic/ Co ect Answe T ue )ou Answe F#lse M#tch The Following Question Co ect Answe )ou Answe E,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 inc e#se in suppl+ will esult in A ise in e6uili! iu( 6u#ntit+ The suppl+ is pe %ectl+ el#stic M# 3et P ice is # situ#tion which The suppl+ is pe %ectl+ el#stic A ise in e6uili! iu( 6u#ntit+ The esponsi&eness o% "e(#n" to ch#nge in p ice is (e#su e" El#sticit+ o% "e(#n" In the s#(e p opo tion Unit inco(e el#sticit+ i(plies th#t #sinco(e ises "e(#n" %o # co((o"it+ ises In the s#(e p opo tion El#sticit+ o% "e(#n" Select The .l#n3 Question < e#te scope %o the 44444444 secto (#+ (e#n inc e(ent#l 44444444 ' which connotes the e,p#nsion o% pu!lic secto un"e t#3ings' c#n !e le%t to so(e p i&#te co(p#nies Co ect Answe p i&#te )ou Answe in&est(ent Co ect Answe "isin&est(ents )ou Answe g owth Multiple Choice Single Answe Question <oo"s p o"uce" on s(#ll sc#le o% suppl+ is Co ect Answe inel#stic )ou Answe 0e o el#stic T ue-F#lse Question

The su( o% tot#l %i,e" costs #n" tot#l &# i#!le costs is the tot#l cost/ Co ect Answe T ue )ou Answe T ue T ue-F#lse Question Cont #ction o% suppl+ is t #ce" !+ the "ownw# " (o&e(ent on the suppl+ cu &e/ Co ect Answe T ue )ou Answe T ue T ue-F#lse Question The l#ws o% etu ns to sc#le e,pl#in the !eh#&io o% output in esponse to ch#nges in sc#le/ Co ect Answe T ue )ou Answe T ue T ue-F#lse Question In the st#ge I o% the l#w o% "i(inishing etu ns' the (# gin#l p o"uct goes on inc e#sing Co ect Answe T ue )ou Answe F#lse Multiple Choice Multiple Answe Question Fe#tu es o% (onopolistic Co(petition Co ect Answe F#i l+ L# ge nu(!e o% %i (s ' P o"uct "i%%e enti#tion ' Selling costs # e e,iste" )ou Answe F#i l+ L# ge nu(!e o% %i (s ' P o"uct "i%%e enti#tion ' Selling costs # e e,iste" Select The .l#n3 Question Whe e 44444444 is ch# ging # 44444444 in the ho(e (# 3et #n" # lowe p ice in the inte n#tion#l (# 3et' it is c#lle" Du(ping Co ect Answe (onopolist )ou Answe # %i ( Co ect Answe highe p ice )ou Answe highe p ice Select The .l#n3 Question The nu(!e o% selle s ope #ting un"e this t+pe o% co(petition is 44444444 un"e oligopol+' !ut less th#n un"e 44444444 Co ect Answe

l# ge th#n )ou Answe co(ple(ent# + Co ect Answe pe %ect o(petition )ou Answe pe %ect o(petition Multiple Choice Multiple Answe Question M# gin#l P opensit+ to consu(e Co ect Answe It 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 p opensit+ to consu(e #s inco(e ch#nges ' It is "e i&e" !+ the %o (ul# (pc> ch#nge in C-ch#nge in ) )ou Answe It is "e%ine" #s the #tio o% the ch#nge in consu(ption to the ch#nge in inco(e ' It is "e i&e" !+ the %o (ul# (pc> ch#nge in C-ch#nge in ) ' It is "e i&e" !+ "i&i"ing the ch#nge in inco(e !+ ch#nge in the consu(ption e,pen"itu e Multiple Choice Multiple Answe Question In&est(ent Co ect Answe It #""s to c#pit#l e6uip(ents ' It le#"s to inc e#se in le&el o% inco(e ' It inclu"es new pl#nt #n" e6uip(ent )ou Answe It #""s to c#pit#l e6uip(ents ' It le#"s to inc e#se in le&el o% inco(e ' It inclu"es new pl#nt #n" e6uip(ent Multiple Choice Multiple Answe Question Fe#tu es o% st#ge o% e,p#nsion in !usiness c+cle # e Co ect Answe Rise in n#tion#l output ' Rise in consu(e #n" c#pit#l e,pen"itu e ' .#n3 #"&#nces g ow #pi"l+ )ou Answe Rise in n#tion#l output ' Rise in consu(e #n" c#pit#l e,pen"itu e ' .#n3 #"&#nces g ow #pi"l+ Multiple Choice Multiple Answe Question Ch# #cte istics o% Dep ession Co ect Answe Dec e#se in econo(ic #cti&ities ' The g owth #te !eco(es neg#ti&e ' The le&el o% n#tion#l inco(e "eclines #pi"l+ )ou Answe Dec e#se in econo(ic #cti&ities ' The g owth #te !eco(es neg#ti&e Multiple Choice Multiple Answe Question Recession inclu"es Co ect Answe The "e(#n" is h#lte" ' Inc e#se in p o"uction o% goo"s ' In&ento ies piling up in stoc3s )ou Answe The "e(#n" is h#lte" ' In&ento ies piling up in stoc3s

Multiple Choice Multiple Answe Question The c#uses o% in%l#tion Co ect Answe Inc e#se in pu!lic e,pen"itu e ' Inc e#se in p i&#te e,pen"itu e ' Inc e#se in %o eign "e(#n" )ou Answe Inc e#se in pu!lic e,pen"itu e ' Inc e#se in %o eign "e(#n" ' Inc e#se in t#,#tion Select The .l#n3 Question The #te o% inte est' #cco "ing to 44444444 ' "epen"s upon two %#cto s2 ?iB 44444444 #n" ?iiB the 6u#ntit+ o% (one+ Co ect Answe ;e+nes )ou Answe ;e+nes Co ect Answe the li6ui"it+ p e%e ence %unction )ou Answe the li6ui"it+ p e%e ence %unction Select The .l#n3 Question In the wo "s o% 44444444 ' 9in%l#tion occu s when the 44444444 o% p ices #n" cost is ising:/ Co ect Answe P o%/ S#(uelson )ou Answe P o%/ S#(uelson Co ect Answe gene #l le&el )ou Answe gene #l le&el Multiple Choice Multiple Answe Question Fo (s o% Pu!lic Ente p ises Co ect Answe Pu!lic Co po #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 Co po #tions Multiple Choice Multiple Answe Question Speci%ic o g#ni0#tion#l go#ls o% Fi (s # e2 Co ect Answe M#,i(is#tion o% p o%it ' Re#son#!le P o%it T# get ' S#les e&enue M#,i(i0#tion )ou Answe M#,i(is#tion o% p o%it ' Re#son#!le P o%it T# get ' S#les e&enue M#,i(i0#tion Multiple Choice Multiple Answe Question In"i&i"u#l De(#n" Sche"ule2 Co ect Answe Is in t#!ul# %o ( ' It shows the p ices o% goo"s ' It shows the 6u#ntities o% # co((o"it+

pu ch#se" )ou Answe Is in t#!ul# %o ( ' It shows the p ices o% goo"s ' It shows the 6u#ntities o% # co((o"it+ pu ch#se" Multiple Choice Multiple Answe Question The p o"uction %unction c#n !e e,pl#ine" !+2 Co ect Answe L#w o% &# i#!le p opo tions ' L#ws o% etu ns to sc#le ' Opti(u( co(!in#tions o% inputs )ou Answe L#w o% &# i#!le p opo tions ' L#ws o% etu ns to sc#le ' Opti(u( co(!in#tions o% inputs Multiple Choice Multiple Answe Question I(plicit costs # e2 Co ect Answe Cost on sel% owne" esou ces ' Costs o% s#l# + o% the p op ieto ' Inte est on the ent ep eneu =s own in&est(ent )ou Answe Cost on sel% owne" esou ces ' Inte est on the ent ep eneu =s own in&est(ent Select The .l#n3 Question M#n#ge i#l 44444444s gene #ll+ e%e s to the integ #tion o% econo(ic theo + with 44444444 p #ctice/ Co ect Answe econo(ic )ou Answe econo(ic Co ect Answe !usiness )ou Answe !usiness Select The .l#n3 Question In # co(petiti&e in"ust +' the e is # l# ge nu(!e o% %i (s so th#t the #ction o% 44444444 %i ( h#s 44444444 on the p ice #n" output o% the whole in"ust +/ Co ect Answe # single )ou Answe # single Co ect Answe no e%%ect )ou Answe no e%%ect Select The .l#n3 Question As pe the Inte n#tion#l L#!ou O g#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 ce t# Co ect Answe Co*ope #tion )ou Answe Co*ope #tion

Co ect Answe &olunt# + )ou Answe &olunt# + Select The .l#n3 Question The wo " 44444444 h#s "i%%e ent (e#nings to !usiness(en' 44444444 ' t#, collecto s' wo 3e s #n" econo(ists #n" it is o%ten use" in # loose sense th#t !u ies its e#l signi%ic#nce Co ect Answe P o%it )ou Answe P o%it Co ect Answe #ccount#nts )ou Answe #ccount#nts Select The .l#n3 Question The "e(#n" cu &e is 44444444 ep esent#tion o% # "e(#n" sche"ule' "e(#n" cu &e slopes 44444444 w# " % o( le%t to ight/ Co ect Answe g #phic#l )ou Answe g #phic#l Co ect Answe "own )ou Answe "own Select The .l#n3 Question The 44444444 th#t is 44444444 is the oppo tunit+ cost o% the co((o"it+ p o"uce"/ Co ect Answe s#c i%ice" )ou Answe co((o"it+ Co ect Answe co((o"it+ )ou Answe s#c i%ice" #t C2DA AM E co((ents Lin3s to this post L#!els2 M#n#ge i#l Econo(ics ?Set IIIB Managerial Economics - 8 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#tionFs esou ces which # e use" to p o"uce the 6u#ntities o% goo"s #n" se &ices th#t woul" !e e6ui e" to s#tis%+ #ll its citi0enFs 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 3nowle"ge Co ect Answe pe %ect )ou Answe pe %ect T ue-F#lse Question In%l#tion e"uces the pu ch#sing powe o% (one+ #n" s#&ings/ Co ect Answe T ue )ou Answe F#lse Multiple Choice Single Answe Question The suppl+ cu &e "u ing (# 3et pe io" is pe %ectl+ Co ect Answe inel#stic )ou Answe inel#stic T ue-F#lse Question Mic o*econo(ics is p i(# il+ conce ne" with the p o!le( o% wh#t' how #n" %o who( to p o"uce Co ect Answe T ue )ou Answe T ue M#tch The Following Question Co ect Answe )ou Answe M#n#ge i#l econo(ics Decision (#3ing #n" %o w# " pl#nning Decision (#3ing #n" %o w# " pl#nning Resou ces sc# ce goo"s #n" se &ices

Co((o"ities goo"s #n" se &ices sc# ce 5u(#n w#nts unli(ite" unli(ite" <ene #l Theo + o% E(plo+(ent' Inte est #n" Mone+ 8/ M/ ;e+nes 8/ M/ ;e+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 Choice Single Answe Question All %i (s p o"ucing the s#(e o si(il# p o"uct togethe (#3e Co ect Answe #n in"ust + )ou Answe #n in"ust + Multiple Choice Single Answe Question 8oint Stoc3 Co(p#n+ succession is Co ect Answe pe petu#l )ou Answe pe petu#l T ue-F#lse Question P i&#te p o%it (oti&e is #n essenti#l %e#tu e o% C#pit#lis( Co ect Answe T ue )ou Answe T ue T ue-F#lse Question HF ee i"e sF is # te ( #ssoci#te" with the people who woul" li3e to h#&e !ene%it o% # goo" without sh# ing the cost o% its suppl+ Co ect Answe T ue )ou Answe F#lse Multiple Choice Single Answe Question M#c o G econo(ics p o&i"es #n e,plo #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 # g e#t oppo tunit+ %o (e ch#nts to !ene%it (o e/ Co ect Answe T ue )ou Answe T ue 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%it' 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 Choice Single Answe Question In econo(ics "e(#n" (e#ns "esi e !#c3e" !+ #"e6u#te Co ect Answe pu ch#sing powe )ou Answe #!ilit+ to p#+ Multiple Choice Single Answe Question The l#w o% "i(inishing etu ns is #pplic#!le to #g icultu e p o&i"e" the st#te o% technolog+ is gi&en #n" Co ect Answe const#nt )ou Answe const#nt Multiple Choice Single Answe Question Un"e the (onet# + (e#su es to cont ol in%l#tion' the R/ ./ I elies he#&il+ on selecti&e c e"it cont ols on !#n3 lo#ns #g#inst %oo" g #ins' sug# ' oils' oilsee"s' cotton etc so #s to "iscou #ge Co ect Answe Specul#ti&e ho# "ing )ou Answe Specul#ti&e ho# "ing Multiple Choice Single Answe

Question Slope o% suppl+ cu &e is Co ect Answe positi&e )ou Answe positi&e Multiple Choice Single Answe Question Costs which inc e#se !ec#use o% the e,p#nsion o% # %i ( # e c#lle" costs Co ect Answe inc e(ent#l )ou Answe inc e(ent#l 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+ cu &e in c#se o% unit# + el#stic suppl+ is ect#ngul# h+pe !ol#/ Co ect Answe F#lse )ou Answe F#lse Multiple Choice Multiple Answe Question An In"ust + Co ect Answe Is # g oup o% %i (s ' All %i (s "e#ling in the s#(e line o% !usiness ' The owne ship #n" (#n#ge(ent o% e#ch %i ( is "i%%e ent )ou Answe Is # g oup o% %i (s ' All %i (s "e#ling in the s#(e line o% !usiness ' The owne ship #n" (#n#ge(ent o% e#ch %i ( is "i%%e ent Select The .l#n3 Question Un"e (onopol+' the e is 44444444 selle who cont ols the enti e 44444444 in the (# 3et Co ect Answe onl+ one )ou Answe onl+ one Co ect Answe suppl+ )ou Answe suppl+ Select The .l#n3 Question

Un"e (onopson+' the e # e 44444444 selle s !ut 44444444 !u+e Co ect Answe (#n+ )ou Answe (#n+ Co ect Answe onl+ one )ou Answe onl+ one M#tch The Following Question Co ect Answe )ou Answe M# gin#l utilit+ A""ition to tot#l utilit+ A""ition to tot#l utilit+ Tot#l utilit+ inc e#ses (# gin#l Pos#ti&e #n" "eclining M# gin#l utilit+ is 0e o At the s#tu #tion point %o # co((o"it+ , the Mu, is Ie o De(#n" cu &e o% # co((o"it+ M# gin#l utilities # e De(#n" cu &e o% # co((o"it+ Pos#ti&e #n" "eclining Tot#l utilit+ is M# gin#l utilit+ is 0e o Ie o Select The .l#n3 Question .+ 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#l Co ect Answe (e#su es )ou Answe < 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 e,pen"itu e to #n+ p# ticul# le&el o% inco(e ' It is %oun" !+ "i&i"ing consu(ption e,pen"itu e !+ inco(e ' It is e,p esse" #s the pe cent#ge o% inco(e consu(e" )ou Answe It is "e i&e" !+ "i&i"ing inco(e !+ consu(ption e,pen"itu e Multiple Choice Multiple Answe Question In%l#tion (e#ns Co ect Answe

It is # pheno(enon o% ising p ices ' It is # gene #l #n" "+n#(ic pheno(enon ' It inclu"es #n e,cess o% "e(#n" )ou Answe It is # pheno(enon o% ising p ices Select The .l#n3 Question Agg eg#te suppl+ %unction e%e s to # 44444444 o% the &# ious (ini(u( #(ounts o% p ocee"s o 44444444 ' which (ust !e e,pecte" 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 .l#n3 Question In the 44444444 te (inolog+' the 44444444 "e(#n" %unction e%e s to the sche"ule o% (#,i(u( s#les p ocee"s' which the ent ep eneu i#l co((unit+ #ctu#ll+ "oes e,pect to !e ecei&e" % o( the s#le o% Co ect Answe ;e+nesi#n )ou Answe ;e+nesi#n Co ect Answe #gg eg#te )ou Answe #gg eg#te Multiple Choice Multiple Answe Question The %isc#l polic+ inclu"es Co ect Answe Fo (#tion o% t#,#tion polic+ ' It is #n inst u(ent %o econo(ic st#!ili0#tion ' Monito ing o% pu!lic e,pen"itu e )ou Answe Fo (#tion o% t#,#tion polic+ ' It is #n inst u(ent %o econo(ic st#!ili0#tion ' Monito ing o% pu!lic e,pen"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 !#n3 ' It cont ols the tot#l suppl+ o% (one+ ' The !#sic o!$ecti&e is to #chie&e econo(ic st#!ilit+ )ou Answe It is p og #((e o% the cent #l !#n3 ' It cont ols the tot#l suppl+ o% (one+ ' The !#sic o!$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 e,pen"itu e ' De%icit %in#ncing #n" inc e#se in (one+ suppl+ ' Role o% !l#c3 (one+ )ou Answe Mounting go&e n(ent e,pen"itu e ' De%icit %in#ncing #n" inc e#se in (one+ suppl+ ' Role o% !l#c3 (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 ' 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/ Multiple Choice Multiple Answe Question The sou ces o% econo(ic p o!le(s # e2 Co ect Answe M#n h#s unli(ite" w#nts o en"s ' The (e#ns These esou ces # e not speci%ic !ut h#&e #lte )ou Answe M#n h#s unli(ite" w#nts o en"s ' The (e#ns These esou ces # e not speci%ic !ut h#&e #lte Multiple Choice Multiple Answe Question Di%%e ent t+pes o% !usiness o g#ni0#tions # eJ Co ect Answe P i&#te secto / ' Pu!lic secto / ' 8oint secto / )ou Answe 8oint secto / Multiple Choice Multiple Answe Question P op iet# + %i ( is Co ect Answe Owne" !+ # single pe son/ ' E#s+ to %o (/ ' An o g#ni0#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" ' Point el#sticit+ Metho" ' Tot#l outl#+ e,pen"itu e (etho" )ou Answe Pe cent#ge Metho" ' Point el#sticit+ Metho" ' Tot#l outl#+ e,pen"itu e (etho" Multiple Choice Multiple Answe Question De(#n" %o ec#sts # e necess# + %o 2 Co ect Answe Ful%ill(ent o% o!$ecti&e o% the pl#ns ' P ep# #tion o% # !u"get ' E,p#nsion o% %i (s )ou Answe

o esou ces to s#tis%+ the( # e li(ite"/ ' n#ti&e uses/ o esou ces to s#tis%+ the( # e li(ite"/ ' n#ti&e uses/

P ep# #tion o% # !u"get ' E,p#nsion o% %i (s Select The .l#n3 Question Econo(ic theo + p o&i"es the !#sis %o the 44444444 4 (#3ing p ocess' the e is so(e "i%%e ence !etween the gene #li0#tion !#se" on #!st #ction #n" #ctu#l p #ctices/ .esi"es econo(ic theo +' (#t Co ect Answe "ecision (#3ing )ou Answe opti(#l Co ect Answe st#tistics )ou Answe Select The .l#n3 Question The esou ces o% # societ+ consist not onl+ o% the % ee gi%ts o% n#tu e such #s 44444444 !ut #lso o% 44444444 #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 .l#n3 Question In"i&i"u#l o sole 44444444 ' which is #lso c#lle" sole* 44444444 ' o single ent ep eneu ship is the (ost co((on' 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 .l#n3 Question No(in#l cost is the 44444444 cost o% p o"uction' it is #lso c#lle" e,penses o% p o"uction/ The e#l cost is the 44444444 cost o% p o"uction/ Co ect Answe (one+ )ou Answe oppo tunit+ Co ect Answe oppo tunit+ )ou Answe g oss Select The .l#n3

Question Costs (#+ !e cl#ssi%ie" #s 2 ?#B 44444444 ' inclu"ing (#te i#l costs' w#ge cost #n" inte est cost ?!B 44444444 ' inclu"ing costs o% #"&e tising #n" ?cB othe costs' 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 .l#n3 Question The costs o% sel% owne" esou ces' which # e e(plo+e" !+ the 44444444 ' # e non* e,pen"itu e o ' 44444444 Co ect Answe %i ( )ou Answe %i ( Co ect Answe i(plicit costs / )ou Answe i(plicit costs /