vu eco404 Final Term - Quiz No.9
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 4 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: Decreasing returns to scale refers to:
Increasing costs
Decreasing costs
Constant costs
No costs
Question 2: A linear programming problem has an optimal solution if it occurs at which of the following points?
Corner point of the feasible space
Mid point of the feasible space
Corner point of the non feasible space
Mid point of the non feasible space
Question 3: Which of the following is an economic interpretation of zero value of Lambda in the Lagrangian function?
Output can be increased by relaxing the cost constraint
Constraint is not binding
Constraint is binding
It can not be interpret economically
Question 4: Current cost is the cost which is paid according to the:
Market conditions
Firms conditions
Demand conditions
Supply conditions
