Managerial Economics Quiz Exam assesses understanding of economic principles in a managerial context. It covers opportunity costs, PPC curves, reservation prices, price floors, excess supply, and demand for Giffen goods, crucial for economic decision-making.
Elastic demand
Inelastic demand
Unit elastic
Perfectly inelastic demand
Perfectly elastic demand
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Loss of social welfare
Loss of sellers
Loss of buyers
Excess demand
Excess supply
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Price floor
Rent control
Consumer surplus
Due to govt subsidies
Due to govt taxes
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Income of the consumer
Price of substitues
Infrastructure
Cost of inputs
Price of complements
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During general unemployment
Sunk costs
Free goods
When a machine has multiple uses
Full employement
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Decreasing marginal rate of substitution
Constant marginal rate of substitution
Increasing marginal rate of substitution
Because of specialised resources
Maximum quantity produced at increasing cost
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Meant for buyers
Meant for sellers
Both buyers and sellers
Set by the government
Set on the floor
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Price line is required to draw consumer's equilibrium under IC analysis
The consumer is hooked to highest possible IC under equilibrium
Under price ceiling hoarding and black marketing take place
Wider the substitute for a good higher elasticity of demand for a good
The MU of money cannot remain constant
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Maximum price
Minimum price
Price floor
Price ceiling
Seller's price
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Managerial Economics Quiz: Test!
Dive into the principles of managerial economics with this quiz! Explore key concepts such as price floors, PPC curves, consumer preferences, and market dynamics. Ideal for...
Questions:
10 |
Attempts:
447 |
Last updated:
Mar 19, 2023
|
Managerial Economics Exam 2
Managerial Economics Exam 2 assesses understanding of economic principles in a managerial context. Topics include opportunity costs, durable goods valuation, sunk costs, and cost...
Questions:
42 |
Attempts:
375 |
Last updated:
Mar 22, 2023
|
Set#1:MidTerm Exam For Open University Malysia Students...ALbrady
This exam is given to my friends in OUM Bahrain,to the Managerial Economices. the exam purpose is to simulate the real exam, it will show 30 equastions with 60 minutes.
I hope...
Questions:
26 |
Attempts:
291 |
Last updated:
Aug 18, 2023
|
Managerial Economics Quiz: Test!
Dive into the principles of managerial economics with this quiz! Explore key concepts such as price floors, PPC curves, consumer preferences, and market dynamics. Ideal for...
Questions:
10 |
Attempts:
447 |
Last updated:
Mar 19, 2023
|
Managerial Economics Exam 2
Managerial Economics Exam 2 assesses understanding of economic principles in a managerial context. Topics include opportunity costs, durable goods valuation, sunk costs, and cost...
Questions:
42 |
Attempts:
375 |
Last updated:
Mar 22, 2023
|
Set#1:MidTerm Exam For Open University Malysia Students...ALbrady
This exam is given to my friends in OUM Bahrain,to the Managerial Economices. the exam purpose is to simulate the real exam, it will show 30 equastions with 60 minutes.
I hope...
Questions:
26 |
Attempts:
291 |
Last updated:
Aug 18, 2023
|
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