vu eco404 Final Term - Quiz No.5
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: Long run cost curves are also known as:
Planning curves
Operating curves
Indifference curves
Investment curves
Question 2: The questionnaire which allows the respondents to answer according to their own choice is called:
Open ended questionnaire
Closed questionnaire
Bad questionnaire
Good questionnaire
Question 4: The linear Programming model consists of the following components:
A set of decision variables.
An objective function.
A set of constraints.
All of above
Question 5: Which economist introduced the theory of duality?
Leonid Kantorovich
George B Dantzig
John von Neumann
Joel Dean
Question 7: Participants are in the actual market situation in which of the following marketing research approach to demand estimation?
Consumer Interviews
Consumer Clinics
Market Experiments
None of the given options
Question 9: A function that relates inputs with outputs is called:
Consumption function
Investment function
Production function
Demand function
Question 10: For two joint products A and B, which are produced in fixed proportions, which of the following is TRUE? (Here MR stands for marginal revenue and MC stands for marginal cost)
If Q = QA= QB, then MRQ= MRA - MRB = MCQ
If Q = QA= QB, then MRQ= MRA + MRB = MCQ
If Q = QA= QB, then MRQ= MRA / MRB = MCQ
If Q = QA= QB, then MRQ= MRA x MRB = MCQ
