MANAGERIAL ECONOMICS
9034883538
Subjective Unsolved Questions:-
What is Dumping?
What steps are involved in cost benefit analysis?
When the cost of production is deducted from total sales, the balance is called as
Gross profit
Explicit cost + implicit cost + normal profit = __________ cost
Economic
The drawback of collective opinion method is
What is true for sample may not be true for the population
The criteria for setting the standards for a reasonable profit are?
A) Capital Attraction B) Plough Back C) Normal earnings D) Consumers confidence
A,B,C
Demand for durable goods cannot be postponed
False
The term Giffen good coined by _____________
A) Adam Smith B) Alfred Marshal C) Robert Giffen D) J R Hicks
Robert Giffen
The drawback of opinion polling method is
A) it is cheap to contact individual consumers B) It is costly to contact individual consumers C) It is not reliable D) It is unscientific
It is costly to contact individual consumers
Managerial economics lies on the borderline of economics and
A) Management B) Office C) Sociology D) Psychology
Management
Demand for durable goods cannot be postponed
False
Cost of purchase of a machinery is called as _____________ cost
A) Historical B) Replacement C) Fixed D) Investment
Historical
Deficit financing involves financing of government budget deficit
True
Alternative similar goods that can satisfy a want are called as
A) Complementary goods B) Supplementary goods C) Substitute goods D) Homogeneous goods
Substitute goods
Perfectly elastic demand curve is
A) Sloping downwards B) Vertical C) Horizontal D) Sloping upwards
Horizontal
MATCH MAKING
No of units produced 5. Fixed cost Rs.10,000/- Total variable cost is Rs.5,000/- Average fixed cost is Average fixed cost Rs.1000/-
No of units produced 6. Fixed cost Rs.10,000/- Total variable cost is Rs.3,000/- Average fixed cost is Average fixed cost Rs. 500/-
No of units produced 7. Fixed cost Rs.10,000/- Total variable cost is Rs.14,000/- Average fixed cost is Average fixed cost Rs. 4,000/-
No of units produced 8. Fixed cost Rs.10,000/- Total variable cost is Rs. 32,000/- Average fixed cost is Average fixed cost Rs. 42,000/-
Price of a machinery Rs.10,000. Life of asset 5 years Depreciation Rs.2,000
Price of a machinery Rs.10,000. Rate of depreciation 10% Depreciation Rs. 1,000
Life of a machinery Rs.1000.hours. Price of a machinery Rs.10,000. Depreciation Rs.2,500
Machine used for 250 hours
Price of a machine Rs.10,000. Life of asset 5 years. Scrap Value Rs.2,000 Depreciation Rs.1,600
Chicken and Egg Alternate products
Meat and Hide Joint products
Car and Petrol Complimentary products
Tea and Coffee Substitute products
9034883538
Subjective Unsolved Questions:-
What is Dumping?
What steps are involved in cost benefit analysis?
When the cost of production is deducted from total sales, the balance is called as
Gross profit
Explicit cost + implicit cost + normal profit = __________ cost
Economic
The drawback of collective opinion method is
What is true for sample may not be true for the population
The criteria for setting the standards for a reasonable profit are?
A) Capital Attraction B) Plough Back C) Normal earnings D) Consumers confidence
A,B,C
Demand for durable goods cannot be postponed
False
The term Giffen good coined by _____________
A) Adam Smith B) Alfred Marshal C) Robert Giffen D) J R Hicks
Robert Giffen
The drawback of opinion polling method is
A) it is cheap to contact individual consumers B) It is costly to contact individual consumers C) It is not reliable D) It is unscientific
It is costly to contact individual consumers
Managerial economics lies on the borderline of economics and
A) Management B) Office C) Sociology D) Psychology
Management
Demand for durable goods cannot be postponed
False
Cost of purchase of a machinery is called as _____________ cost
A) Historical B) Replacement C) Fixed D) Investment
Historical
Deficit financing involves financing of government budget deficit
True
Alternative similar goods that can satisfy a want are called as
A) Complementary goods B) Supplementary goods C) Substitute goods D) Homogeneous goods
Substitute goods
Perfectly elastic demand curve is
A) Sloping downwards B) Vertical C) Horizontal D) Sloping upwards
Horizontal
MATCH MAKING
No of units produced 5. Fixed cost Rs.10,000/- Total variable cost is Rs.5,000/- Average fixed cost is Average fixed cost Rs.1000/-
No of units produced 6. Fixed cost Rs.10,000/- Total variable cost is Rs.3,000/- Average fixed cost is Average fixed cost Rs. 500/-
No of units produced 7. Fixed cost Rs.10,000/- Total variable cost is Rs.14,000/- Average fixed cost is Average fixed cost Rs. 4,000/-
No of units produced 8. Fixed cost Rs.10,000/- Total variable cost is Rs. 32,000/- Average fixed cost is Average fixed cost Rs. 42,000/-
Price of a machinery Rs.10,000. Life of asset 5 years Depreciation Rs.2,000
Price of a machinery Rs.10,000. Rate of depreciation 10% Depreciation Rs. 1,000
Life of a machinery Rs.1000.hours. Price of a machinery Rs.10,000. Depreciation Rs.2,500
Machine used for 250 hours
Price of a machine Rs.10,000. Life of asset 5 years. Scrap Value Rs.2,000 Depreciation Rs.1,600
Chicken and Egg Alternate products
Meat and Hide Joint products
Car and Petrol Complimentary products
Tea and Coffee Substitute products
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