vu eco404 Final Term - Quiz No.4
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 2: Cournot oligopoly model was developed in:
1830
1838
1840
1845
Question 3: A lower Isoquant shows which of the following in the map of Isoquants?
Lower level of output
Lower level of satisfaction
Lower level of price
Higher level of satisfaction
Question 4: If inputs are perfect compliments, it means that Isoquants are:
Straight lines
L-shaped
Positively sloped
Negatively sloped
Question 5: Smoothing techniques will be more beneficial if:
Smaller number of time periods is used
Greater number of time periods is used
No time period is used
Two time periods are used
Question 6: A statistical relation can be defined as the relation which is:
Not known with certainty
Known with certainty
Mathematical in nature
Graphical in nature
Question 7: The total cost (TC) function is given as: TC = 300 + 20Q. What is the average total cost?
300
20Q
20 + (300/Q)
20/Q + 300
Question 8: The concept of derivative is closely related to:
Total analysis
Average analysis
Marginal analysis
Regression analysis
Question 9: In the satisfying model, the goal of the firm that there must be a satisfactory size of market share, is known as:
Production goal
Inventory goal
Market share goal
Profit goal
Question 10: Implicit costs of a firm include:
Non cash costs
Explicit costs
Total costs
Fixed costs
