vu eco404 Final Term - Quiz No.3
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: Cigarettes are an example of which type of market structure?
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Question 2: If oligopoly firm is producing homogenous product, it is known as:
Pure oligopoly
Differentiated oligopoly
Triopoly
Monopoly
Question 3: In perfect competition, which of the following is the short run supply curve?
Average cost curve
Marginal cost curve
Average revenue curve
Marginal revenue curve
Question 4: In which of the following cases, cost elasticity will be more than one?
When percentage change in cost is less than the percentage change in output
When percentage change in cost is greater than the percentage change in output
When percentage change in cost is equal to the percentage change in output
When percentage change in cost is less than the percentage change in input
Question 5: A regular fluctuation in economic activity during each year is called:
Secular trend
Cyclical variation
Seasonal variation
Irregular variation
Question 6: Y = a + bX + e b shows __________ in this regression equation.
Intercept
Slope
Elasticity
Power
Question 7: Which of the following assumes that there is a single owner entrepreneur?
Baumols static model
Traditional theory of the firm
Marris model
Sweezy model
Question 8: Which economist introduced the simplex method?
Leonid Kantorovich
George B Dantzig
John von Neumann
Joel Dean
Question 9: Which of the following deals with the study of economic behavior of individual firms and units?
Microeconomics
Macroeconomics
Financial economics
Mathematical economics
Question 10: If the proportionate change in output is more than the change in input, it shows:
Constant returns to scale
Increasing returns to scale
Decreasing returns to scale
Economies of scale
