vu eco404 Final Term - Quiz No.2
vu eco404 Managerial Economics Quiz
This quiz belongs to book/course code vu eco404 Managerial Economics of vu organization. We have 9 quizzes available related to the book/course Managerial Economics. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: For two joint products A and B, which are produced in variable proportions, which of the following is TRUE? (Here MR stands for marginal revenue and MC stands for marginal cost)
MRA> MCA and MRB= MCB
MRA= MCA and MRB= MCB
MRA< MCA and MRB= MCB
MRA< MCA and MRB> MCB
Question 2: The goal of the firm is the maximization of the balanced rate of growth of the firm in which of the following models?
Baumol static model
Traditional theory of the firm
Marris model
Sweezy model
Question 3: Change in output due to change in input is shown by:
Returns to scale
Economies of scale
Diseconomies of scale
Marginal rate of substitution
Question 4: Participants are in an artificial situation in which of the following marketing research approach to demand estimation?
Consumer Interviews
Consumer Clinics
Market Experiments
None of the given options
Question 5: Given the marginal cost function, MC = 5Q2 10Q + 50, what is dMC/dQ?
5Q + 50
10Q - 10
10Q + 50
5Q x 10Q
Question 6: Y = a + bX + e e shows __________ in this regression equation.
Intercept
Slope
Elasticity
Error term
Question 7: Which of the following costs show actual cash expenditures to produce goods and services?
Historical cost
Current cost
Replacement cost
Sunk cost
Question 8: The relationship between markup and demand elasticity is:
Negative
Positive
Indeterminate
Strong
Question 9: Operating leverage for a firm can be calculated as:
Total fixed costs / Total variable costs
Total fixed costs / Average variable costs
Total fixed costs / Marginal costs
Total fixed costs + Total variable costs
Question 10: There is __________ relationship between the real value of income and the prices of goods.
Positive
Negative
Strong
Weak
