Managerial Economics - 6 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answe Question In econo!

ics the "uestion el#te$ to the selection o% !etho$s with which co!!o$ities # e p o$uce$ is # su&'ect !#tte o% Co ect Answe theo ( o% p o$uction )ou Answe theo ( o% p o$uction Multiple Choice Single Answe Question In econo!ics the "uestions el#te$ to the $i*ision o% societ(+s output o% goo$s #n$ se *ices #!ong its !e!&e s # e topics in Co ect Answe theo ( o% $ist i&ution )ou Answe theo ( o% $ist i&ution Multiple Choice Single Answe Question In econo!ics the "uestions el#te$ to the $(n#!ic o st#tic , othe wise- c#p#cit( o% the econo!( to p o$uce goo$s #n$ se *ices # e topics in the Co ect Answe theo ( o% econo!ic g owth )ou Answe theo ( o% p o$uction Multiple Choice Single Answe Question All the % ee gi%ts o% n#tu e which # e co!!onl( c#lle$ n#tu #l esou ces # e .nown to econo!ists #s Co ect Answe L#n$ )ou Answe c#pit#l Multiple Choice Single Answe Question All the !#n !#$e esou ces which # e use$ in the p ocess o% !#.ing othe goo$s #n$ se *ices # e c#lle$ Co ect Answe c#pit#l )ou Answe l#&o Multiple Choice Single Answe Question M#n#ge i#l econo!ics #i!s #t p o*i$ing help in the %i !s is Co ect Answe $ecision !#.ing )ou Answe $ecision !#.ing

T ue/F#lse Question Econo!ic p o&le! is %#ce$ &( poo count (s onl(0 Co ect Answe F#lse )ou Answe F#lse Multiple Choice Single Answe Question An in$ust ( is # g oup o% %i !s $e#ling in the s#!e line o% Co ect Answe &usiness )ou Answe &usiness T ue/F#lse Question Mic o1econo!ics is p i!# il( conce ne$ with the p o&le! o% wh#t2 how #n$ %o who! to p o$uce Co ect Answe T ue )ou Answe T ue T ue/F#lse Question Pu e pu&lic goo$s !ust &e in the h#n$s o% pu&lic secto onl(0 Co ect Answe T ue )ou Answe F#lse Select The 3l#n. Question The goo$s &eco!e 44444444 onl( when e#ch in$i*i$u#l h#s #n #ccess to the enti e #!ount o% it #n$ its use &( the in$i*i$u#l $oes not e$uce its #*#il#&ilit( to othe s0 Co ect Answe in$i*isi&le )ou Answe pu&lic Select The 3l#n. Question The e5te n#lit( which c#uses #n econo!ic g#in o #n econo!ic loss to othe econo!ic units is #lso e%e e$ to #s 44444444 e5te n#lit(0 Co ect Answe Pecuni# ( )ou Answe Econo!ic Select The 3l#n. Question In # !# .et econo!( 44444444 is the &est 'u$ge o% pe son#l inte est0 Co ect Answe in$i*i$u#l )ou Answe

%i ! M#tch The Following Question Co ect Answe )ou Answe M#n#ge i#l econo!ics Decision !#.ing #n$ %o w# $ pl#nning Decision !#.ing #n$ %o w# $ pl#nning Resou ces Sc# ce Sc# ce Co!!o$ities 6oo$s #n$ se *ices 6oo$s #n$ se *ices 7u!#n w#nts Unli!ite$ Unli!ite$ M#tch The Following Question Co ect Answe )ou Answe 6ene #l theo ( o% e!plo(!ent2 inte est #n$ !one( 80 M0 9e(nes 80 M0 9e(nes In%l#tion Re$uction in pu ch#sing powe Re$uction in pu ch#sing powe Se *ices Int#ngi&le goo$s Int#ngi&le goo$s Metho$s o% p o$uction o% co!!o$ities Theo ( o% p o$uction Theo ( o% p o$uction Multiple Choice Multiple Answe Question The ch# #cte istics o% # sole p op ieto ship %i ! is Co ect Answe Unli!ite$ C#pit#l 2 Owne ship &( # single pe son 2 E#s( to %o ! )ou Answe Owne ship &( # single pe son 2 E#s( to %o ! Multiple Choice Multiple Answe Question Di%%e ent t(pes o% &usiness o g#ni:#tions # e Co ect Answe p i*#te secto 2 pu&lic secto 2 'oint secto )ou Answe p i*#te secto 2 pu&lic secto 2 'oint secto Select The 3l#n. Question Re#son#&le p o%it t# get #s #n #lte n#ti*e to the o&'ecti*e o% p o%it !#5i!i:#tion w#s suggeste$ &( 444444440 Co ect Answe

8oel De#n )ou Answe 8oel De#n Select The 3l#n. Question The %o ! o% o g#ni:#tion which is &est %o sel% e!plo(!ent is 444444440 Co ect Answe Sole t #$e )ou Answe Sole t #$e Multiple Choice Single Answe Question Econo!ic P o%it t#.es in to #ccount the Co ect Answe i!plicit cost )ou Answe i!plicit cost T ue/F#lse Question In #n( &usiness2 while %o !ul#ting # p o%it polic(2 the possi&ilit( o% e!e gence o% i*#l %i !s !ust &e t#.en in to #ccount Co ect Answe T ue )ou Answe T ue Multiple Choice Multiple Answe Question The p#(!ents !#$e out o% the 6 oss P o%it # e Co ect Answe Re!une #tion to %#cto s o% p o$uction 2 Dep eci#tion 2 M#inten#nce Ch# ges )ou Answe Re!une #tion to %#cto s o% p o$uction 2 Dep eci#tion 2 M#inten#nce Ch# ges Multiple Choice Multiple Answe Question e#son#&le p o%it; # e Co ect Answe C#pit#l Att #ction 2 Plough 3#c. 2 No !#l e# nings )ou Answe C#pit#l Att #ction 2 Plough 3#c. 2 No !#l e# nings Multiple Choice Single Answe Question Co!ple!ent# ( goo$s # e $e!#n$e$ Co ect Answe 'ointl( )ou Answe sep# #tel( Multiple Choice Single Answe Question E!e gence o% close su&stitutes to the co!!o$it( in "uestion !#( & ing #&out $e!#n$ to

Co ect Answe $ec e#se )ou Answe $ec e#se Multiple Choice Single Answe Question The $e!#n$ %o # co!!o$it( $epen$s on the p ices o% its su&stitutes which # e Co ect Answe el#ti*e )ou Answe el#ti*e T ue/F#lse Question De!#n$ cu *e slopes $ownw# $s % o! le%t to ight0 Co ect Answe T ue )ou Answe T ue Select The 3l#n. Question The in$e5 nu!&e s which !e#su e the ch#nges in the gene #l p ice le*el o% # count ( e%e s to 44444444 Co ect Answe Wholes#le p ices in$e5 )ou Answe Wholes#le p ices in$e5 Multiple Choice Multiple Answe Question Di%%e ent t(pes o% El#sticit( o% De!#n$ # e Co ect Answe P ice el#sticit( o% $e!#n$ 2 Inco!e el#sticit( o% $e!#n$ 2 C oss el#sticit( o% $e!#n$ )ou Answe P ice el#sticit( o% $e!#n$ 2 Inco!e el#sticit( o% $e!#n$ 2 C oss el#sticit( o% $e!#n$ Multiple Choice Single Answe Question I% the inc e#se in #ll %#cto s le#$s to # less th#n p opo tion#te inc e#se in output2 then the etu ns to sc#le # e Co ect Answe $ec e#sing )ou Answe $ec e#sing T ue/F#lse Question The suppl( o% %#cto ( !#$e goo$s o% $#il( consu!ption is inel#stic0 Co ect Answe F#lse )ou Answe T ue Multiple Choice Multiple Answe Question

M#'o t(pes o% costs # e Co ect Answe Accounting costs 2 Econo!ic costs 2 Oppo tunit( costs )ou Answe Accounting costs 2 Econo!ic costs 2 Oppo tunit( costs Select The 3l#n. Question Output ises in # lesse p opo tion to th#t o% the inc e#se in input2 un$e the c#se o% 444444440 Co ect Answe $ec e#sing etu ns to sc#le )ou Answe $ec e#sing etu ns to sc#le Select The 3l#n. Question I% the output ises in the g e#te p opo tion th#n th#t o% the inc e#se in %#cto inputs2 it is e%e e$ to #s 444444440 Co ect Answe inc e#sing etu ns to sc#le0 )ou Answe inc e#sing etu ns to sc#le0 Multiple Choice Single Answe Question Un$e !onopol( the $e!#n$ cu *e slopes Co ect Answe $ownw# $ )ou Answe $ownw# $ Multiple Choice Single Answe Question D#l#l St eet in 3o!&#( is .nown #s Co ect Answe 3o!&#( Stoc. E5ch#nge )ou Answe 3o!&#( Stoc. E5ch#nge Multiple Choice Single Answe Question The cit( o% 3#n# #s h#s speci#li:e$ in the !#nu%#ctu e o% Co ect Answe sil. )ou Answe sil. T ue/F#lse Question A %i ! un$e pe %ect co!petition is # p ice !#.e 0 Co ect Answe F#lse )ou Answe F#lse T ue/F#lse

Question Long pe io$ suppl( is el#ti*el( inel#stic0 Co ect Answe F#lse )ou Answe T ue Multiple Choice Multiple Answe Question Fe#tu es o% the %i ! # e Co ect Answe It is # &usiness unit o g#ni:e$ un$e one owne ship 2 It is # sole p op ieto ship 2 It is # p# tne ship o 'oint stoc. co!p#n( )ou Answe It is # &usiness unit o g#ni:e$ un$e one owne ship 2 It is # sole p op ieto ship 2 It is # p# tne ship o 'oint stoc. co!p#n( Multiple Choice Multiple Answe Question E"uili& iu! is the st#ge o% Co ect Answe !#5i!u! s#tis%#ction 2 &#l#nce 2 st#tion# ( )ou Answe !#5i!u! s#tis%#ction 2 &#l#nce 2 st#tion# ( T ue/F#lse Question The 9e(nesi#n theo ( e!ph#si:es e%%ecti*e suppl( #s # c uci#l %#cto in $ete !ining the le*el o% inco!e #n$ e!plo(!ent0 Co ect Answe F#lse )ou Answe T ue Multiple Choice Single Answe Question Acco $ing to the 6o*e n!ent2 the &uil$up o% in%l#tion# ( p essu e $u ing the Nineties w#s #tt i&ute$ to Co ect Answe 7ighe Fisc#l $e%icit )ou Answe 7ighe Fisc#l $e%icit T ue/F#lse Question The go*e n!ent #lso %i5es !ini!u! p ocu e!ent p ices %o !#'o c ops on the eco!!en$#tion o% the Ag icultu #l P ices Co!!ission ,APC-0 Co ect Answe T ue )ou Answe T ue T ue/F#lse Question The e is consi$e #&le slush !one( with politici#ns < 6o*e n!ent se *#nts0 Co ect Answe T ue

)ou Answe T ue Multiple Choice Multiple Answe Question 6o*e n!ent inte *ention is nee$e$ in % ee !# .et !ech#nis! to Co ect Answe To p o*i$e e!plo(!ent to #ll who willing to wo . #t p e*#iling w#ge #te 2 F#cto s o% p o$uction # e opti!#ll( #lloc#te$ &etween the *# ious in$ust ies 2 All will get su%%icient inco!e to !eet thei &#sic nee$s )ou Answe To p o*i$e e!plo(!ent to #ll who willing to wo . #t p e*#iling w#ge #te 2 F#cto s o% p o$uction # e opti!#ll( #lloc#te$ &etween the *# ious in$ust ies 2 All will get su%%icient inco!e to !eet thei &#sic nee$s Multiple Choice Multiple Answe Question De%ects o% !# .et s(ste!= Co ect Answe Ine"u#lities o% inco!e #n$ we#lth 2 E!e gence o% !onopolies 2 F#ilu e to p o*i$e %ull e!plo(!ent )ou Answe Ine"u#lities o% inco!e #n$ we#lth 2 E!e gence o% !onopolies 2 F#ilu e to p o*i$e %ull e!plo(!ent #t >=?@ AM A co!!ents Lin.s to this post L#&els= M#n#ge i#l Econo!ics ,Set IIManagerial Economics - 5 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answe Question M#n#ge i#l econo!ics gene #ll( e%e s to the integ #tion o% econo!ic theo ( with &usiness Co ect Answe P #ctice )ou Answe P #ctice Multiple Choice Single Answe Question E*e ( n#tion+s esou ces which # e use$ to p o$uce the "u#ntities o% goo$s #n$ se *ices th#t woul$ &e e"ui e$ to s#tis%( #ll its citi:en+s w#nts # e Co ect Answe insu%%icient )ou Answe insu%%icient Multiple Choice Single Answe Question M#n#ge i#l econo!ics is #lso un$e stoo$ to e%e to Co ect Answe #pplie$ econo!ics

)ou Answe #pplie$ econo!ics Multiple Choice Single Answe Question The t(pe econo!ic p o&le! is Co ect Answe uni*e s#l )ou Answe uni*e s#l Multiple Choice Single Answe Question The #ct o% !#.ing goo$s #n$ se *ices is c#lle$ Co ect Answe p o$uction )ou Answe p o$uction Multiple Choice Single Answe Question The #ct o% using goo$s #n$ se *ices to s#tis%( w#nts is c#lle$ Co ect Answe consu!ption )ou Answe consu!ption Multiple Choice Single Answe Question The concept o% 'ust $ist i&ution o% n#tion#l p o$uct is # Co ect Answe no !#ti*e )ou Answe o&'ecti*e T ue/F#lse Question Resou ces # e s#i$ to &e in*olunt# il( un e!plo(e$ when thei w#st#ge occu 0 Co ect Answe T ue )ou Answe T ue M#tch The Following Question Co ect Answe )ou Answe M#n#ge i#l econo!ics Decision !#.ing #n$ %o w# $ pl#nning Decision !#.ing #n$ %o w# $ pl#nning Resou ces sc# ce sc# ce Co!!o$ities goo$s #n$ se *ices goo$s #n$ se *ices 7u!#n w#nts

unli!ite$ unli!ite$ 6ene #l Theo ( o% E!plo(!ent2 Inte est #n$ Mone( 80 M0 9e(nes 80 M0 9e(nes Multiple Choice Single Answe Question In cost 1 &ene%it #n#l(sis2 #%te the step o% #pp #is#l #n$ selection o% the p o'ect is the step o% Co ect Answe co!p# ison o% the c#sh %low )ou Answe co!p# ison o% the c#sh %low T ue/F#lse Question Soci#l costs c#nnot &e inclu$e$ in # %i !;s #ccount &oo.0 Co ect Answe T ue )ou Answe F#lse

Multiple Choice Multiple Answe Question Steps in cost &ene%it #n#l(sis Co ect Answe I$enti%ic#tion o% # p o'ect 2 Fo !ul#tion o% the p o'ect 2 App #is#l #n$ selection o% the p o'ect )ou Answe I$enti%ic#tion o% # p o'ect 2 Fo !ul#tion o% the p o'ect 2 App #is#l #n$ selection o% the p o'ect Multiple Choice Multiple Answe Question The #$*#nt#ge o% cost1&ene%it #n#l(sis # e Co ect Answe M#5i!i:#tion o% soci#l wel%# e 2 O&'ecti*e !e#su e!ent o% the t #$e1o%% 2 M#5i!i:#tion o% $i%%e ence &etween tot#l &ene%its < tot#l costs )ou Answe M#5i!i:#tion o% soci#l wel%# e 2 O&'ecti*e !e#su e!ent o% the t #$e1o%% 2 M#5i!i:#tion o% $i%%e ence &etween tot#l &ene%its < tot#l costs Select The 3l#n. Question Cost13ene%it #n#l(sis #i!s #t 44444444 o% soci#l we#lth0 Co ect Answe !#5i!i:#tion )ou Answe !#5i!i:#tion Select The 3l#n.

Question Mo$e n econo!ists t e#t soci#l cost #n$ &ene%its #s 44444444 o% p i*#te in*est!ent #n$ p o$uction $ecisions0 Co ect Answe e5te n#lities )ou Answe e5te n#lities Multiple Choice Single Answe Question Acco $ing to !#n( econo!ists2 the oot c#use o% econo!ic p o&le! is Co ect Answe sc# cit( )ou Answe sc# cit( Multiple Choice Single Answe Question M#n#ge i#l econo!ics #i!s #t p o*i$ing gui$#nce to the %i !s %o Co ect Answe $ecision !#.ing )ou Answe $ecision !#.ing Multiple Choice Single Answe Question In c#se o% # 8oint1Stoc. Co!p#n(2 the li#&ilit( o% sh# e hol$e s is Co ect Answe li!ite$ )ou Answe li!ite$ Multiple Choice Single Answe Question Fo #n econo!ist2 T#t# Eng < Loco!oti*e Co!p#n( Lt$ is # Co ect Answe %i ! )ou Answe %i ! Multiple Choice Multiple Answe Question P e%e ence Sh# es c#n &e cl#ssi%ie$ #s Co ect Answe Si!ple Sh# es 2 Cu!ul#ti*e Sh# es 2 Re$ee!#&le Sh# es )ou Answe Si!ple Sh# es 2 Cu!ul#ti*e Sh# es 2 Re$ee!#&le Sh# es Multiple Choice Multiple Answe Question The p o!ote s o% # co!p#n( c#n get inco po #te$ &( %iling with the egist # o% co!p#nies *# ious $ocu!ents such #s Co ect Answe Me!o #n$u! o% Associ#tion 2 A ticles o% Associ#tion 2 P ospectus )ou Answe Me!o #n$u! o% Associ#tion 2 A ticles o% Associ#tion

Multiple Choice Multiple Answe Question Fo !s o% Pu&lic Ente p ises Co ect Answe $ep# t!ent#l !#n#ge!ent 2 co!p#n( !#n#ge!ent o !#n#ge!ent &( &o# $s 2 pu&lic co po #tions )ou Answe $ep# t!ent#l !#n#ge!ent 2 pu&lic co po #tions 2 non1p o%it o g#ni:#tion Select The 3l#n. Question 3#u!ol h#s suggeste$ #s #n #lte n#ti*e o&'ecti*e %o p o%it !#5i!i:#tion 2 the !#5i!i:#tion o% 44444444 Co ect Answe s#les )ou Answe s#les Select The 3l#n. Question The p# tne ship &etween p i*#te secto < go*e n!ent is c#lle$ 44444444 Co ect Answe 8oint secto ente p ise )ou Answe 8oint secto ente p ise Select The 3l#n. Question The !ini!u! nu!&e o% $i ecto s which pu&lic li!ite$ shoul$ h#*e is 444444440 Co ect Answe B )ou Answe B Multiple Choice Single Answe Question The p o%it which is su plus o% e*enue o*e #n$ #&o*e #ll p#i$ out cost is Co ect Answe Accounting P o%it )ou Answe 6 oss P o%it T ue/F#lse Question Me#su e!ent o% p o%it &eco!es $i%%icult &ec#use o% the $i%%icult( in*ol*e$ in the c#lcul#tion o% $ep eci#tion0 Co ect Answe T ue )ou Answe T ue Multiple Choice Single Answe Question In econo!ics2 $e!#n$ !e#ns $esi e &#c.e$ &( #$e"u#te Co ect Answe pu ch#sing powe )ou Answe

pu ch#sing powe Multiple Choice Single Answe Question When !o e units o% # co!!o$it( # e pu ch#se$ in esponse to $ecline in p ice o% th#t co!!o$it(2 it is c#lle$ #s e5p#nsion o% Co ect Answe $e!#n$ )ou Answe $e!#n$ Multiple Choice Single Answe Question De!#n$ %o p o$ucts li.e te#2 &etel2 to&#coo2 sig# #tte is # !#tte o% Co ect Answe h#&it )ou Answe h#&it Multiple Choice Single Answe Question I% the su&stitutes # e el#ti*el( che#pe then the $e!#n$ %o the co!!o$it( in "uestion will &e Co ect Answe less )ou Answe less T ue/F#lse Question A shi%t in the $e!#n$ cu *e to the le%t shows inc e#se in $e!#n$0 Co ect Answe F#lse )ou Answe F#lse T ue/F#lse Question De!#n$ %o lu5u ( goo$s is inel#stic Co ect Answe F#lse )ou Answe F#lse T ue/F#lse Question The $e!#n$ %o li%e s#*ing $ ugs is el#stic0 Co ect Answe F#lse )ou Answe F#lse Select The 3l#n. Question A no !#l $e!#n$ cu *e h#s 44444444C3DEE Co ect Answe neg#ti*e slope

)ou Answe neg#ti*e slope Multiple Choice Multiple Answe Question Cost %unction $enotes Co ect Answe The p ices o% such inputs #s l#&ou #n$ c#pit#l !#te i#l 2 The #te o% output 2 The si:e o% the pl#nt )ou Answe The p ices o% such inputs #s l#&ou #n$ c#pit#l !#te i#l 2 The #te o% output 2 The si:e o% the pl#nt 2 The cost o% technolog( Select The 3l#n. Question The l#w o% const#nt etu ns to sc#le is $epicte$ &( the !# gin#l output cu *e which is 444444440 Co ect Answe ho i:ont#l )ou Answe upw# $ sloping Select The 3l#n. Question In the B $ st#ge o% ope #tion o% the l#w o% *# i#&le p opo tions2 the !# gin#l p o$uct &eco!es 444444440 Co ect Answe neg#ti*e )ou Answe neg#ti*e Select The 3l#n. Question The costs which co*e the cost o% #$*e tising is 444444440 Co ect Answe Selling cost )ou Answe Selling cost Multiple Choice Multiple Answe Question Fe#tu es o% Oligopol( M# .et # e Co ect Answe Few selle s 2 Rest iction to ent ( o% new %i !s 2 P ice le#$e ship )ou Answe Few selle s 2 Rest iction to ent ( o% new %i !s 2 No A$*e tise!ent cost Multiple Choice Single Answe Question S#*ing is # Co ect Answe p i*#te *i tue )ou Answe soci#l *i tue T ue/F#lse Question

Du ing pe io$s o% in%l#tion2 the inco!e o% %# !e s #s # cl#ss $ec e#ses0 Co ect Answe T ue )ou Answe F#lse T ue/F#lse Question To sol*e the une!plo(!ent p o&le! 2 the le*el o% e%%ecti*e $e!#n$ !ust $ec e#se0 Co ect Answe F#lse )ou Answe F#lse M#tch The Following Question Co ect Answe )ou Answe P ospe it( E5p#nsion o% c e$it Cont #ction o% c e$it The gene #l theo ( o% e!plo(!ent2 Inte est #n$ !one( 80M0 9e(nes 80M0 9e(nes T #$e c(cle W#*e li.e !o*e!ent W#*e li.e !o*e!ent St#tuto ( ese *e #tio Qu#ntit#ti*e c e$it cont ol !e#su e Qu#ntit#ti*e c e$it cont ol !e#su e Multiple Choice Multiple Answe Question The ch# #cte istics o% In%l#tion # e Co ect Answe E5cess o% $e!#n$ 2 Sust#ine$ ise in p ices 2 C#nnot &e #nticip#te$ )ou Answe Sust#ine$ ise in p ices 2 C#nnot &e #nticip#te$ 2 It is li!ite$ to so!e geog #phic#l # e#s T ue/F#lse Question M# .et s(ste! o !# .et econo!( su%%e s % o! ti!e to ti!e % o! econo!ic $ep essions0 Co ect Answe T ue )ou Answe T ue Multiple Choice Multiple Answe Question M#in #i!s o% the New In$ust i#l Polic( ,?EE?- # e Co ect Answe To unsh#c.le the in$i#n in$ust i#l econo!( % o! the co&we&s o% unnecess# ( &u e#uc #tic cont ol 2 To int o$uce li&e #li:#tion with # *iew to integ #te the in$i#n econo!( with the wo l$ econo!( 2 To e!o*e est ictions on $i ect %o eign in*est!ent #s #lso to % ee the $o!estic ent ep eneu % o! the est iction o% MRTP #ct )ou Answe To unsh#c.le the in$i#n in$ust i#l econo!( % o! the co&we&s o% unnecess# (

&u e#uc #tic cont ol 2 To int o$uce li&e #li:#tion with # *iew to integ #te the in$i#n econo!( with the wo l$ econo!( 2 To e!o*e est ictions on $i ect %o eign in*est!ent #s #lso to % ee the $o!estic ent ep eneu % o! the est iction o% MRTP #ct #t >=?F AM A co!!ents Lin.s to this post L#&els= M#n#ge i#l Econo!ics ,Set IIManagerial Economics - 4 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answe Question Econo!ists c#ll #ll hu!#n esou ces #s Co ect Answe l#&o )ou Answe l#&o T ue/F#lse Question Econo!ic p o&le! # ises onl( in c#se o% #n o*e popul#te$ count (0 Co ect Answe F#lse )ou Answe F#lse Multiple Choice Single Answe Question All the &u(e s #n$ selle s ope #ting un$e pe %ect co!petition h#*e .nowle$ge Co ect Answe pe %ect )ou Answe pe %ect T ue/F#lse Question The !e#ning o% the wo $ Gecono!icH is !ost closel( #ssoci#te$ with the wo $ unli!ite$ Co ect Answe T ue )ou Answe T ue Multiple Choice Single Answe Question The con$itions o% e"uili& iu! o% # %i ! # e #pplic#&le to #ll !# .ets Co ect Answe None )ou Answe p# ticul# T ue/F#lse Question In c#se o% the co1ope #ti*e societies suppl(ing che#p inputs o suppl(ing consu!e p o$ucts #t %#i p ices2 # s(ste! o% su&si$i:e$ p icing is %ollowe$

Co ect Answe T ue )ou Answe T ue

Multiple Choice Single Answe Question The p ice o% # goo$ #n$ the e5clusion p incople togethe is Co ect Answe $i*isi&ilit( )ou Answe in$i*isi&ilit( Multiple Choice Single Answe Question The li#&ilit( o% # sole p op iet# ( %i ! is Co ect Answe unli!ite$ )ou Answe unli!ite$ T ue/F#lse Question Institution o% p i*#te p ope t( is not #n essenti#l %e#tu e o% C#pit#lis! Co ect Answe F#lse )ou Answe F#lse T ue/F#lse Question The e ne*e w#s in #n( count ( #t #n( ti!e Ipu e c#pit#lis!+ o Ipu e co!!unis! Co ect Answe T ue )ou Answe T ue T ue/F#lse Question The #ilw#(s using # lot o% co#l in %i ing the ste#! loco!oti*es put the esi$enti#l #n$ othe # e#s ne# the loco J sh#$es to # lot o% su%%e ings on #ccount o% s!o.e nuis#nce2 is #n e5#!ple o% p Co ect Answe F#lse )ou Answe T ue T ue/F#lse Question A 8oint stoc. co!p#n( h#s pe petu#l succession0 Co ect Answe T ue )ou Answe T ue

T ue/F#lse Question The !#n#ge!ent o% the coope #ti*e %o ! o% &usiness o g#ni:#tion is tot#lit# i#n in n#tu e0 Co ect Answe F#lse )ou Answe T ue Multiple Choice Single Answe Question In T #$e c(cles the econo!ic #cti*it( # e Co ect Answe ups #n$ $owns )ou Answe ups #n$ $owns T ue/F#lse Question In !#c o J econo!ic #n#l(sis the &eh#*io o% econo!ic #gents such #s %i !s2 househol$s #n$ go*e n!ent is seen in tot#l2 $is eg# $ing $et#ils #t p# ticul# le*el Co ect Answe T ue )ou Answe T ue Multiple Choice Single Answe Question M# .et econo!( o p i*#te ente p ise econo!( is # econo!( which is Co ect Answe pl#nless )ou Answe pl#nne$ Multiple Choice Single Answe Question New co!!o$ities $ue to technotogic#l p og ess !#( esult in $e!#n$ %o t #$ition#l t(pe o% goo$s Co ect Answe $ec e#se )ou Answe $ec e#se Multiple Choice Single Answe Question I% # pe son is h#&itu#te$ to the consu!ption o% # co!!o$it( #n$ i% he c#nnot e#sil( gi*e up its use2 $e!#n$ %o it is gene #ll( Co ect Answe inel#stic )ou Answe inel#stic

M#tch The Following Question Co ect Answe )ou Answe No !#l $e!#n$ cu *e Downw# $s to ight Downw# $s to ight Inco!e consu!ption cu *e Upw# $s to the ight Upw# $s to the ight Inel#stic $e!#n$ cu *e Ke tic#l st #ight line Ke tic#l st #ight line C oss el#sticit( o% $e!#n$ &etween two pe %ect su&stitute will &e In%init( In%init( A $e!#n$ cu *e2 which t#.es the %o ! o% # ho i:ont#l line p# #llelto the "u#ntit( #5is illust #tes el#sticit( In%init(0 In%init(0 Multiple Choice Single Answe Question The l#w o% $i!inishing etu ns is #pplic#&le to #g icultu e p o*i$e$ the st#te o% technolog( is gi*en #n$ Co ect Answe const#nt )ou Answe esou ces Multiple Choice Single Answe Question Un$e the s(ste! o% $u#l p ices in c#se o% essenti#l goo$s2 #$opte$ &( the go*e n!ent2 the we#.e sections o% the co!!unit( # e supplie$ these goo$s th ough %#i p ice shops whi Co ect Answe %#i )ou Answe neo J ich Multiple Choice Single Answe Question The 6o*e n!ent #tte!pts to inc e#se supplies o% %oo$ g #ins #n$ othe essenti#l goo$s in ti!es o% inte n#l sho t#ge th ough l# ge Co ect Answe i!po ts )ou Answe &o owings

T ue/F#lse Question E5te n#l econo!ies # e the #$*#nt#ges o% l# ge sc#le p o$uction en'o(e$ e5clusi*el( #n in$i*i$u#l %i ! #lone0 Co ect Answe F#lse )ou Answe F#lse Multiple Choice Multiple Answe Question E"uili& iu! is Co ect Answe The st#ge o% !#5i!u! s#tis%#ction 2 The st#ge o% &#l#nce 2 The st#ge o% st#tion# ( )ou Answe The st#ge o% &#l#nce Multiple Choice Multiple Answe Question Con$itions o% e"uili& iu! Co ect Answe M# gin#l Re*enue shoul$ &e e"u#l to M# gin#l the !# gin#l e*enue cu *e % o! &elow #t the shoul$ &e inc e#sing #t e"uili& iu! point )ou Answe M# gin#l Re*enue shoul$ &e e"u#l to M# gin#l the !# gin#l e*enue cu *e % o! &elow #t the shoul$ cut the A*e #ge Re*enue cu *e

Cost 2 The M# gin#l cost cu *e shoul$ cut e"uili& iu! point 2 M# gin#l cost cu *e Cost 2 The M# gin#l cost cu *e shoul$ cut e"uili& iu! point 2 A*e #ge cost cu *e

Select The 3l#n. Question Cost1&ene%it #n#l(sis e%e s to the #n#l(sis un$e t#.en to 'u$ge #n( p o'ects 44444444 whethe go*e n!ent o p i*#te #n$ %in$ out its 44444444 #n$ %#cilities its co!p# ison with othe #*#il#&le oppo Co ect Answe in*est!ents )ou Answe in*est!ents Co ect Answe wo th )ou Answe p o%it Multiple Choice Multiple Answe Question Agg eg#te suppl( %unction Co ect Answe Re%e s to th#t p ice #t which the selle is willing to suppl( 2 Re%e s to show the *# (ing le*el o% suppl( #t $i%%e ent p ices 2 E5pl#ins the le*el o% out put *# ies with the le*el o% e!plo(!ent )ou Answe Re%e s to show the *# (ing le*el o% suppl( #t $i%%e ent p ices

Multiple Choice Multiple Answe Question

Ch# #cte istics o% Dep ession Co ect Answe Dec e#se in econo!ic #cti*ities 2 The g owth #te &eco!es neg#ti*e 2 The le*el o% n#tion#l inco!e $eclines #pi$l( )ou Answe Dec e#se in econo!ic #cti*ities 2 The g owth #te &eco!es neg#ti*e 2 The le*el o% n#tion#l inco!e $eclines #pi$l( Multiple Choice Multiple Answe Question Recession inclu$es Co ect Answe The $e!#n$ is h#lte$ 2 Inc e#se in p o$uction o% goo$s 2 In*ento ies piling up in stoc.s )ou Answe The $e!#n$ is h#lte$ 2 In*ento ies piling up in stoc.s 2 The g owth o% $isc ep#nc( &etween suppl( #n$ $e!#n$ is *e ( %#st Multiple Choice Multiple Answe Question The c#uses o% in%l#tion Co ect Answe Inc e#se in pu&lic e5pen$itu e 2 Inc e#se in p i*#te e5pen$itu e 2 Inc e#se in %o eign $e!#n$ )ou Answe Inc e#se in pu&lic e5pen$itu e 2 Inc e#se in %o eign $e!#n$ 2 Inc e#se in t#5#tion Select The 3l#n. Question In the 44444444 te !inolog(2 the 44444444 $e!#n$ %unction e%e s to the sche$ule o% !#5i!u! s#les p ocee$s2 which the ent ep eneu i#l co!!unit( #ctu#ll( $oes e5pect to &e ecei*e$ % o! the s#le o% Co ect Answe 9e(nesi#n )ou Answe 9e(nesi#n Co ect Answe #gg eg#te )ou Answe tot#l Select The 3l#n. Question The #te o% inte est2 #cco $ing to 44444444 2 $epen$s upon two %#cto s= ,i- 44444444 #n$ ,ii- the "u#ntit( o% !one( Co ect Answe 9e(nes )ou Answe 9e(nes Co ect Answe the li"ui$it( p e%e ence %unction )ou Answe specul#ti*e

Multiple Choice Multiple Answe

Question Re#sons %o nee$ o% pu&lic $ist i&ution s(ste! Co ect Answe To !#int#in st#&le p ice con$itions 2 An e%%icient !#n#ge!ent o% the suppl( 2 To suppl( the necess# ( goo$s to people #t e#son#&le p ice )ou Answe To !#int#in st#&le p ice con$itions 2 An e%%icient !#n#ge!ent o% the suppl( 2 To suppl( the necess# ( goo$s to people #t e#son#&le p ice Multiple Choice Multiple Answe Question The consu!e p otection Act inclu$es Co ect Answe P otection % o! h#:# $ous co!!o$ities 2 Right to # co!petiti*e p ice 2 Right to in%o !#tion eg# $ing p otection )ou Answe P otection % o! h#:# $ous co!!o$ities 2 Right to in%o !#tion eg# $ing p otection 2 P otest #g#inst p ice $isc i!in#tion Multiple Choice Multiple Answe Question O&'ecti*es o% econo!ic polic( Co ect Answe To inc e#se the e%%icienc( #n$ inte n#tion#l co!petiti*eness o% in$ust i#l i!p o*e the pe %o !#nce #n$ #tion#li:e the scope o% the pu&lic secto 2 !o$e ni:e the %in#nci#l secto )ou Answe To inc e#se the e%%icienc( #n$ inte n#tion#l co!petiti*eness o% in$ust i#l i!p o*e the pe %o !#nce #n$ #tion#li:e the scope o% the pu&lic secto 2 !o$e ni:e the %in#nci#l secto

p o$uction 2 To To e%o ! #n$ p o$uction 2 To To e%o ! #n$

Multiple Choice Multiple Answe Question Scope o% M#n#ge i#l Econo!ics $e#ls with= Co ect Answe De!#n$ #n#l(sis #n$ %o ec#sting0 2 P o$uction %unction < cost #n#l(sis0 2 In*ento ( !#n#ge!ent #$*e ting2 p ice s(ste!0 )ou Answe De!#n$ #n#l(sis #n$ %o ec#sting0 2 P o$uction %unction < cost #n#l(sis0 2 In*ento ( !#n#ge!ent #$*e ting2 p ice s(ste!0 Multiple Choice Multiple Answe Question Assu!ptions o% the L#w o% De!#n$ # e= Co ect Answe No ch#nge in consu!e +s inco!e 2 No ch#nge in consu!e +s p e%e ences 2 No ch#nge in %#shion )ou Answe No ch#nge in consu!e +s inco!e 2 No ch#nge in consu!e +s p e%e ences 2 No ch#nge in %#shion 2 No Ch#nge in go*e n!ent polic(0

Multiple Choice Multiple Answe Question T(pes o% inco!e el#sticit( o% $e!#n$ Co ect Answe Neg#ti*e inco!e el#sticit( 2 Le o inco!e el#sticit( 2 Unit inco!e el#sticit( )ou Answe Neg#ti*e inco!e el#sticit( 2 Le o inco!e el#sticit( 2 Unit inco!e el#sticit( Select The 3l#n. Question M#n#ge i#l 44444444s gene #ll( e%e s to the integ #tion o% econo!ic theo ( with 44444444 p #ctice0 Co ect Answe econo!ic )ou Answe econo!ic Co ect Answe &usiness )ou Answe &usiness Select The 3l#n. Question The p o&le! o% unli!ite$ w#nts #n$ li!ite$ 44444444 with 44444444 uses h#s &een %o e*e con% onting !#n.in$0 Co ect Answe !e#ns )ou Answe !e#ns Co ect Answe #lte n#ti*e )ou Answe #lte n#ti*e Select The 3l#n. Question As pe the Inte n#tion#l L#&ou O g#nis#tion ,ILO-2 4 44444444 is # 44444444 #ssoci#tion o% in$i*i$u#ls with li!ite$ inco!e on the &#sis o% e"u#l ights #n$ esponsi&ilities %o #chie*ing ce t# Co ect Answe Co1ope #tion )ou Answe Co1ope #tion Co ect Answe *olunt# ( )ou Answe *olunt# (

Select The 3l#n.

Question Li.e #ll o g#nis!2 the 44444444 2 too is #n o g#nis!2 #cco $ing to the 44444444 theo (0 Co ect Answe %i ! )ou Answe %i ! Co ect Answe li%e1c(cle theo ( )ou Answe ho!eost#tic theo ( Select The 3l#n. Question The 444444441t#.ing theo ( w#s $e*elope$ &( the 44444444 0 Acco $ing to hi!2 p o%it # ises &ec#use consi$e #&le #!ount o% is. is in*ol*e$ in &usiness0 Co ect Answe A!e ic#n econo!ist 7#wle( )ou Answe is. Co ect Answe is. )ou Answe A!e ic#n econo!ist 7#wle( Select The 3l#n. Question The e5tent o% the ch#nge o% $e!#n$ %o # co!!o$it( to # gi*en ch#nge in 44444444 2 othe $e!#n$ $ete !in#nts e!#ining const#nt2 is te !e$ #s the 44444444 o% $e!#n$0 Co ect Answe p ice )ou Answe p ice Co ect Answe p ice el#sticit( )ou Answe p ice el#sticit( Select The 3l#n. Question In$ices const ucte$ %o one 44444444 shoul$ not &e 44444444 %o othe pu poses whe e the( not &e %ull( #pp op i#te #n$ gi*en e oneous conclusions0 Co ect Answe pu pose )ou Answe pu pose Co ect Answe use$ )ou Answe use$

Select The 3l#n. Question The l#w o% $i!inishing etu ns st#tes th#t2 I#s the p opo tion o% one %#cto in # co!&in#tion o% %#cto s is 44444444 #%te # point2 %i st the 44444444 #n$ then the

#*e #ge p o$uct o% th#t %#cto w Co ect Answe inc e#se$ )ou Answe inc e#se$ Co ect Answe !# gin#l )ou Answe !# gin#l M#tch The Following Question Co ect Answe )ou Answe St#tuto ( Rese *e R#tio Qu#ntit#ti*e c e$it Cont ol Me#su Qu#ntit#ti*e c e$it Cont ol Me#su T #$e c(cle W#*e J li.e !o*e!ent W#*e J li.e !o*e!ent 9e(nesi#n theo ( Sho t J Pe io$ An#l(sis 80 M0 9e(nes Agg eg#te De!#n$ Function M#5i!u! s#le p ocee$s e5pecte$ Sho t J Pe io$ An#l(sis E%%ecti*e De!#n$ 80 M0 9e(nes M#5i!u! s#le p ocee$s e5pecte$

e e

&( ent ep eneu s

&( ent ep eneu s

#t >=?M AM A co!!ents Lin.s to this post L#&els= M#n#ge i#l Econo!ics ,Set IIManagerial Economics - 4 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answe Question Econo!ists c#ll #ll hu!#n esou ces #s Co ect Answe l#&o )ou Answe l#&o T ue/F#lse Question Econo!ic p o&le! # ises onl( in c#se o% #n o*e popul#te$ count (0 Co ect Answe F#lse )ou Answe F#lse Multiple Choice Single Answe Question

All the &u(e s #n$ selle s ope #ting un$e pe %ect co!petition h#*e .nowle$ge Co ect Answe pe %ect )ou Answe pe %ect T ue/F#lse Question The !e#ning o% the wo $ Gecono!icH is !ost closel( #ssoci#te$ with the wo $ unli!ite$ Co ect Answe T ue )ou Answe T ue Multiple Choice Single Answe Question The con$itions o% e"uili& iu! o% # %i ! # e #pplic#&le to #ll !# .ets Co ect Answe None )ou Answe p# ticul# T ue/F#lse Question In c#se o% the co1ope #ti*e societies suppl(ing che#p inputs o suppl(ing consu!e p o$ucts #t %#i p ices2 # s(ste! o% su&si$i:e$ p icing is %ollowe$ Co ect Answe T ue )ou Answe T ue

Multiple Choice Single Answe Question The p ice o% # goo$ #n$ the e5clusion p incople togethe is Co ect Answe $i*isi&ilit( )ou Answe in$i*isi&ilit( Multiple Choice Single Answe Question The li#&ilit( o% # sole p op iet# ( %i ! is Co ect Answe unli!ite$ )ou Answe unli!ite$ T ue/F#lse Question Institution o% p i*#te p ope t( is not #n essenti#l %e#tu e o% C#pit#lis! Co ect Answe F#lse )ou Answe F#lse

T ue/F#lse Question The e ne*e w#s in #n( count ( #t #n( ti!e Ipu e c#pit#lis!+ o Ipu e co!!unis! Co ect Answe T ue )ou Answe T ue T ue/F#lse Question The #ilw#(s using # lot o% co#l in %i ing the ste#! loco!oti*es put the esi$enti#l #n$ othe # e#s ne# the loco J sh#$es to # lot o% su%%e ings on #ccount o% s!o.e nuis#nce2 is #n e5#!ple o% p Co ect Answe F#lse )ou Answe T ue T ue/F#lse Question A 8oint stoc. co!p#n( h#s pe petu#l succession0 Co ect Answe T ue )ou Answe T ue

T ue/F#lse Question The !#n#ge!ent o% the coope #ti*e %o ! o% &usiness o g#ni:#tion is tot#lit# i#n in n#tu e0 Co ect Answe F#lse )ou Answe T ue Multiple Choice Single Answe Question In T #$e c(cles the econo!ic #cti*it( # e Co ect Answe ups #n$ $owns )ou Answe ups #n$ $owns T ue/F#lse Question In !#c o J econo!ic #n#l(sis the &eh#*io o% econo!ic #gents such #s %i !s2 househol$s #n$ go*e n!ent is seen in tot#l2 $is eg# $ing $et#ils #t p# ticul# le*el Co ect Answe T ue )ou Answe T ue Multiple Choice Single Answe Question

M# .et econo!( o p i*#te ente p ise econo!( is # econo!( which is Co ect Answe pl#nless )ou Answe pl#nne$ Multiple Choice Single Answe Question New co!!o$ities $ue to technotogic#l p og ess !#( esult in $e!#n$ %o t #$ition#l t(pe o% goo$s Co ect Answe $ec e#se )ou Answe $ec e#se Multiple Choice Single Answe Question I% # pe son is h#&itu#te$ to the consu!ption o% # co!!o$it( #n$ i% he c#nnot e#sil( gi*e up its use2 $e!#n$ %o it is gene #ll( Co ect Answe inel#stic )ou Answe inel#stic

M#tch The Following Question Co ect Answe )ou Answe No !#l $e!#n$ cu *e Downw# $s to ight Downw# $s to ight Inco!e consu!ption cu *e Upw# $s to the ight Upw# $s to the ight Inel#stic $e!#n$ cu *e Ke tic#l st #ight line Ke tic#l st #ight line C oss el#sticit( o% $e!#n$ &etween two pe %ect su&stitute will &e In%init( In%init( A $e!#n$ cu *e2 which t#.es the %o ! o% # ho i:ont#l line p# #llelto the "u#ntit( #5is illust #tes el#sticit( In%init(0 In%init(0 Multiple Choice Single Answe Question The l#w o% $i!inishing etu ns is #pplic#&le to #g icultu e p o*i$e$ the st#te o% technolog( is gi*en #n$ Co ect Answe const#nt )ou Answe esou ces

Multiple Choice Single Answe Question Un$e the s(ste! o% $u#l p ices in c#se o% essenti#l goo$s2 #$opte$ &( the go*e n!ent2 the we#.e sections o% the co!!unit( # e supplie$ these goo$s th ough %#i p ice shops whi Co ect Answe %#i )ou Answe neo J ich Multiple Choice Single Answe Question The 6o*e n!ent #tte!pts to inc e#se supplies o% %oo$ g #ins #n$ othe essenti#l goo$s in ti!es o% inte n#l sho t#ge th ough l# ge Co ect Answe i!po ts )ou Answe &o owings

T ue/F#lse Question E5te n#l econo!ies # e the #$*#nt#ges o% l# ge sc#le p o$uction en'o(e$ e5clusi*el( #n in$i*i$u#l %i ! #lone0 Co ect Answe F#lse )ou Answe F#lse Multiple Choice Multiple Answe Question E"uili& iu! is Co ect Answe The st#ge o% !#5i!u! s#tis%#ction 2 The st#ge o% &#l#nce 2 The st#ge o% st#tion# ( )ou Answe The st#ge o% &#l#nce Multiple Choice Multiple Answe Question Con$itions o% e"uili& iu! Co ect Answe M# gin#l Re*enue shoul$ &e e"u#l to M# gin#l the !# gin#l e*enue cu *e % o! &elow #t the shoul$ &e inc e#sing #t e"uili& iu! point )ou Answe M# gin#l Re*enue shoul$ &e e"u#l to M# gin#l the !# gin#l e*enue cu *e % o! &elow #t the shoul$ cut the A*e #ge Re*enue cu *e Select The 3l#n. Question

Cost 2 The M# gin#l cost cu *e shoul$ cut e"uili& iu! point 2 M# gin#l cost cu *e Cost 2 The M# gin#l cost cu *e shoul$ cut e"uili& iu! point 2 A*e #ge cost cu *e

Cost1&ene%it #n#l(sis e%e s to the #n#l(sis un$e t#.en to 'u$ge #n( p o'ects 44444444 whethe go*e n!ent o p i*#te #n$ %in$ out its 44444444 #n$ %#cilities its co!p# ison with othe #*#il#&le oppo Co ect Answe in*est!ents )ou Answe in*est!ents Co ect Answe wo th )ou Answe p o%it Multiple Choice Multiple Answe Question Agg eg#te suppl( %unction Co ect Answe Re%e s to th#t p ice #t which the selle is willing to suppl( 2 Re%e s to show the *# (ing le*el o% suppl( #t $i%%e ent p ices 2 E5pl#ins the le*el o% out put *# ies with the le*el o% e!plo(!ent )ou Answe Re%e s to show the *# (ing le*el o% suppl( #t $i%%e ent p ices

Multiple Choice Multiple Answe Question Ch# #cte istics o% Dep ession Co ect Answe Dec e#se in econo!ic #cti*ities 2 The g owth #te &eco!es neg#ti*e 2 The le*el o% n#tion#l inco!e $eclines #pi$l( )ou Answe Dec e#se in econo!ic #cti*ities 2 The g owth #te &eco!es neg#ti*e 2 The le*el o% n#tion#l inco!e $eclines #pi$l( Multiple Choice Multiple Answe Question Recession inclu$es Co ect Answe The $e!#n$ is h#lte$ 2 Inc e#se in p o$uction o% goo$s 2 In*ento ies piling up in stoc.s )ou Answe The $e!#n$ is h#lte$ 2 In*ento ies piling up in stoc.s 2 The g owth o% $isc ep#nc( &etween suppl( #n$ $e!#n$ is *e ( %#st Multiple Choice Multiple Answe Question The c#uses o% in%l#tion Co ect Answe Inc e#se in pu&lic e5pen$itu e 2 Inc e#se in p i*#te e5pen$itu e 2 Inc e#se in %o eign $e!#n$ )ou Answe Inc e#se in pu&lic e5pen$itu e 2 Inc e#se in %o eign $e!#n$ 2 Inc e#se in t#5#tion Select The 3l#n. Question In the 44444444 te !inolog(2 the 44444444 $e!#n$ %unction e%e s to the sche$ule o% !#5i!u! s#les p ocee$s2 which the ent ep eneu i#l co!!unit( #ctu#ll( $oes e5pect to &e ecei*e$ % o! the s#le o%

Co ect Answe 9e(nesi#n )ou Answe 9e(nesi#n Co ect Answe #gg eg#te )ou Answe tot#l Select The 3l#n. Question The #te o% inte est2 #cco $ing to 44444444 2 $epen$s upon two %#cto s= ,i- 44444444 #n$ ,ii- the "u#ntit( o% !one( Co ect Answe 9e(nes )ou Answe 9e(nes Co ect Answe the li"ui$it( p e%e ence %unction )ou Answe specul#ti*e

Multiple Choice Multiple Answe Question Re#sons %o nee$ o% pu&lic $ist i&ution s(ste! Co ect Answe To !#int#in st#&le p ice con$itions 2 An e%%icient !#n#ge!ent o% the suppl( 2 To suppl( the necess# ( goo$s to people #t e#son#&le p ice )ou Answe To !#int#in st#&le p ice con$itions 2 An e%%icient !#n#ge!ent o% the suppl( 2 To suppl( the necess# ( goo$s to people #t e#son#&le p ice Multiple Choice Multiple Answe Question The consu!e p otection Act inclu$es Co ect Answe P otection % o! h#:# $ous co!!o$ities 2 Right to # co!petiti*e p ice 2 Right to in%o !#tion eg# $ing p otection )ou Answe P otection % o! h#:# $ous co!!o$ities 2 Right to in%o !#tion eg# $ing p otection 2 P otest #g#inst p ice $isc i!in#tion Multiple Choice Multiple Answe Question O&'ecti*es o% econo!ic polic( Co ect Answe To inc e#se the e%%icienc( #n$ inte n#tion#l co!petiti*eness o% in$ust i#l i!p o*e the pe %o !#nce #n$ #tion#li:e the scope o% the pu&lic secto 2 !o$e ni:e the %in#nci#l secto )ou Answe To inc e#se the e%%icienc( #n$ inte n#tion#l co!petiti*eness o% in$ust i#l i!p o*e the pe %o !#nce #n$ #tion#li:e the scope o% the pu&lic secto 2 !o$e ni:e the %in#nci#l secto

p o$uction 2 To To e%o ! #n$ p o$uction 2 To To e%o ! #n$

Multiple Choice Multiple Answe Question Scope o% M#n#ge i#l Econo!ics $e#ls with= Co ect Answe De!#n$ #n#l(sis #n$ %o ec#sting0 2 P o$uction %unction < cost #n#l(sis0 2 In*ento ( !#n#ge!ent #$*e ting2 p ice s(ste!0 )ou Answe De!#n$ #n#l(sis #n$ %o ec#sting0 2 P o$uction %unction < cost #n#l(sis0 2 In*ento ( !#n#ge!ent #$*e ting2 p ice s(ste!0 Multiple Choice Multiple Answe Question Assu!ptions o% the L#w o% De!#n$ # e= Co ect Answe No ch#nge in consu!e +s inco!e 2 No ch#nge in consu!e +s p e%e ences 2 No ch#nge in %#shion )ou Answe No ch#nge in consu!e +s inco!e 2 No ch#nge in consu!e +s p e%e ences 2 No ch#nge in %#shion 2 No Ch#nge in go*e n!ent polic(0

Multiple Choice Multiple Answe Question T(pes o% inco!e el#sticit( o% $e!#n$ Co ect Answe Neg#ti*e inco!e el#sticit( 2 Le o inco!e el#sticit( 2 Unit inco!e el#sticit( )ou Answe Neg#ti*e inco!e el#sticit( 2 Le o inco!e el#sticit( 2 Unit inco!e el#sticit( Select The 3l#n. Question M#n#ge i#l 44444444s gene #ll( e%e s to the integ #tion o% econo!ic theo ( with 44444444 p #ctice0 Co ect Answe econo!ic )ou Answe econo!ic Co ect Answe &usiness )ou Answe &usiness Select The 3l#n. Question The p o&le! o% unli!ite$ w#nts #n$ li!ite$ 44444444 with 44444444 uses h#s &een %o e*e con% onting !#n.in$0 Co ect Answe !e#ns )ou Answe !e#ns Co ect Answe #lte n#ti*e

)ou Answe #lte n#ti*e Select The 3l#n. Question As pe the Inte n#tion#l L#&ou O g#nis#tion ,ILO-2 4 44444444 is # 44444444 #ssoci#tion o% in$i*i$u#ls with li!ite$ inco!e on the &#sis o% e"u#l ights #n$ esponsi&ilities %o #chie*ing ce t# Co ect Answe Co1ope #tion )ou Answe Co1ope #tion Co ect Answe *olunt# ( )ou Answe *olunt# (

Select The 3l#n. Question Li.e #ll o g#nis!2 the 44444444 2 too is #n o g#nis!2 #cco $ing to the 44444444 theo (0 Co ect Answe %i ! )ou Answe %i ! Co ect Answe li%e1c(cle theo ( )ou Answe ho!eost#tic theo ( Select The 3l#n. Question The 444444441t#.ing theo ( w#s $e*elope$ &( the 44444444 0 Acco $ing to hi!2 p o%it # ises &ec#use consi$e #&le #!ount o% is. is in*ol*e$ in &usiness0 Co ect Answe A!e ic#n econo!ist 7#wle( )ou Answe is. Co ect Answe is. )ou Answe A!e ic#n econo!ist 7#wle( Select The 3l#n. Question The e5tent o% the ch#nge o% $e!#n$ %o # co!!o$it( to # gi*en ch#nge in 44444444 2 othe $e!#n$ $ete !in#nts e!#ining const#nt2 is te !e$ #s the 44444444 o% $e!#n$0 Co ect Answe p ice )ou Answe

p ice Co ect Answe p ice el#sticit( )ou Answe p ice el#sticit( Select The 3l#n. Question In$ices const ucte$ %o one 44444444 shoul$ not &e 44444444 %o othe pu poses whe e the( not &e %ull( #pp op i#te #n$ gi*en e oneous conclusions0 Co ect Answe pu pose )ou Answe pu pose Co ect Answe use$ )ou Answe use$

Select The 3l#n. Question The l#w o% $i!inishing etu ns st#tes th#t2 I#s the p opo tion o% one %#cto in # co!&in#tion o% %#cto s is 44444444 #%te # point2 %i st the 44444444 #n$ then the #*e #ge p o$uct o% th#t %#cto w Co ect Answe inc e#se$ )ou Answe inc e#se$ Co ect Answe !# gin#l )ou Answe !# gin#l M#tch The Following Question Co ect Answe )ou Answe St#tuto ( Rese *e R#tio Qu#ntit#ti*e c e$it Cont ol Me#su Qu#ntit#ti*e c e$it Cont ol Me#su T #$e c(cle W#*e J li.e !o*e!ent W#*e J li.e !o*e!ent 9e(nesi#n theo ( Sho t J Pe io$ An#l(sis 80 M0 9e(nes Agg eg#te De!#n$ Function M#5i!u! s#le p ocee$s e5pecte$ Sho t J Pe io$ An#l(sis E%%ecti*e De!#n$ 80 M0 9e(nes M#5i!u! s#le p ocee$s e5pecte$

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