vu eco404 Final Term - Quiz No.8
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.
NVAEducation also facilitates users to contribute in online competitions with other students to make a challenging situation to learn in a creative way. You can create one to one, and group competition on an topic of a book/course code. Also on NVAEducation you can get certifications by passing the online quiz test.
Question 1: The amount of investment left from the reported profit after subtracting the minimum profit and tax is known as:
Discretionary investment
Fixed investment
Inventory investment
Gross investment
Question 2: Managerial economics uses which of the following tools to estimate the decision models?
Mathematical economics only
Econometrics only
Mathematics and Statistics
Mathematical economics and econometrics
Question 3: Decreasing part of marginal product of labor curve shows which of the following law?
Law of diminishing returns
Law of diminishing marginal utility
Law of demand
Law of supply
Question 4: In which of the following cases, cost elasticity will be less 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 6: Which of the following is a non-price determinant of supply?
Costs
Technology
Future expectations
All of the given options
Question 7: Which of the following assumes constant percentage change in economic variable over different periods of time?
Growth trend analysis
Seasonal trend analysis
Linear trend analysis
Regression analysis
Question 8: Two inputs cannot be substituted with each other in the production process. It shows that:
Inputs are perfect substitutes
Inputs are perfect compliments
Inputs are not sufficient
Inputs are more than sufficient
Question 9: The firm is a price taker in which of the following market structures?
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Question 10: Collectively slack variables and surplus variables are called as:
Dummy Variable
Dependent variable
Independent variable
Explanatory variable
