The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
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Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
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Managerial economics is concerned with which combination of the following?
1. Investment analysis and decisions
2. Production behaviour and cost analysis
3. Input reward analysis and decisions
4. Economic environment analysis
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 3 and 4
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Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis
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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
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Supply of a commodity is a
A. Stock concept
B. A flow concept
C. Both stock and flow concept
D. None of these
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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
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NNP at factor cost will be
A. NNP - Depreciation
B. Cost of Assets
C. Dividend
D. NNP at Market Price - Indirect Taxes + Subsidy
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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
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"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
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Iso-quants are also known as
A. Equal cost curves
B. Equal revenue curves
C. Equal product curves
D. Indifference curves
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MU curve will be below X-axis when
A. MU is zero
B. MU is negative
C. MU is positive
D. MU is constant
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All money costs can be regarded as
A. Social costs
B. Opportunity cost
C. Explicit costs
D. Real cost
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In a free market economy, the optimal quality of goods and services is determined by
A. customers
B. workers
C. firms
D. government
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MC is given by
A. The slope of the TC curve but not by slope of the TVC curve
B. The slope of the TVC curve but not by slope of the TC curve
C. The slope of the TFC curve
D. Either the slope of the TVC curve or slope of the TC curve
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Which of the following creates time utility?
A. Driver
B. Carpenter
C. Trader
D. Farmer
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If the supply curve of a commodity is positively sloped, a rise in the price of the commodity ceteris paribus, results in and is referred to as
A. A decrease in both demand and supply
B. A decrease in quantity supplied
C. A decrease in supply
D. A decrease in demand
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Personal income equals
A. NI - Undistributed corporate profit - Taxes - Social security contributions
B. NI + Transfer payments + Undistributed profits
C. NNP - Corporate taxes
D. NI - Transfer payments
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When the price of one commodity in a combination of commodities falls in such a way that the consumer's real income changes but he remains on the same level of satisfaction as before, it is known as
A. Income effect
B. Variation effect
C. Price effect
D. Compensating variation in income
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Which one of the following structural changes in the composition of National Income of India would characterise economic development?
A. A large proportion of income from agriculture relative to other sectors
B. A small proportion of income from the tertiary sector compared to that from agriculture
C. A larger proportion of income from industry as compared to that from agriculture
D. A smaller portion of income from industry as compared to that from the tertiary sector
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