Top 250+ Solved Managerial Economics 1 MCQ Questions Answer
Q. The techniques of optimization include
a. Marginal analysis
b. Calculus
c. Linear programming
d. All of the above
Q. Which one is not a characteristics of managerial economics
a. Micro economics
b. Normative science
c. Positive science
d. Pragmatic
Q. Which is the characteristics of managerial economics
a. Deals with both micro and macro aspects
b. Both positive and normative science
c. Deals with theoretical aspects
d. Deals with practical aspects.
Q. ………….is economic theory used in business whereas ……….is economics theory used in business andnon business organization
a. Micro economics, macro economics
b. Business economics, managerial economics
c. Positive economics and normative economics
d. None of these
Q. Which of the following is not included in functions of managerial economists
a. Sales forecasting
b. Industrial market research
c. Advice on foreign exchange
d. None of the above
Q. Which of the following is included in specific functions of managerial economists
a. Economic analysis of competing companies
b. Advice on pricing problems of industry
c. Environmental forecasting
d. All of the above
Q. Which of the following is not a function of managerial economists
a. Advice on trade and public relations
b. Economic analysis of agriculture
c. Investment analysis
d. Supervision and control
Q. Which of the following is not a function of managerial economist
a. Analysis of under developed economies
b. Capital project appraisal
c. Advice on primary commodities
d. None of these
Q. Basic economic tools of managerial economics include
a. Opportunity cost principle
b. Incremental principle
c. Discounting principle
d. All of the above
Q. “…………in economics means demand backed up by enough money to pay for the goods demanded”
a. Utility
b. Consumption
c. Supply
d. Demand
Q. ………… means an attempt to determine the factors affecting the demand of a commodity or serviceand to measure such factors and their influences
a. Demand planning
b. Demand forecasting
c. Demand analysis
d. Demand estimation
Q. ………… is known as the ‘first law in market”
a. Law of supply
b. Law of consumption
c. Law of demand
d. Law of production
Q. Law of demand shows the functional relationship between ………….and quantity demanded
a. Supply
b. Cost
c. Price
d. Requirements
Q. …………….means relationship between demand and its various determinants expressed mathematically
a. Demand extension
b. Demand contraction
c. Demand analysis
d. Demand function