Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A 1st MANAGERIAL ECONOMICS - Question Paper

16. ….. implies that less volume is supplied at the identical price or identical quanlity is supplied at a higher price.
a. Expansion of supply
b. increase in supply
c. Decrease in supply
d. Contraction of supply

17. The volume bought and sold at the equilibrium is called ….
a. Equilibrium volume
b. equilibrium price
c. equilibrium supply
d. None of these

18. …. is an activity that increases consumers satiability of goods & services.
a. Distribution b. Production
c. Selling d. None of these
19. A number of ISO quant’s representing various amount of output are known as …..
a. ISO cost b. ISO quant map
c. ISO quant graph d. None of these

20. When the volume of all inputs are increased by 10% and output by 5% it is stated that …. Is operating.
a. Constant Return to Scale
b. Diminishing
c. Increasing
d. None of these

21. …… will arise as a outcome of employing skilled, trained, qualified and highly experienced persons by offering higher wages and salaries
a. Financial economics
b. Labour Economics
c. Overhead Economics
d. Commercial Economics

22. ….. implies additional cost incurred to produce an additional unit of output.
a. Marginal cost b. Post cost
c. Direct cost d. Variable cost

23. …. Refer to the aggregate money expenditure incurred by a firm to produce a provided volume of output.
a. Total variable cost
b. Total cost
c. Total fixed cost
d. Average variable cost.

24. Marginal cost is associated with ….. costs.
a. normal b. Variable
c. Fixed d. None of these

25. …. Works as a shock absorber.
a. Slack payment b. Market share
c. Transformation d. None of these.

26. In ….. the objective of the firm is balanced growth.
a. Boumal static model
b. Marries growth maximization model
c. Williamson’s model
d. None of these

27. … refer to the most ideal or desirable level profit.
a. Net profit b. Optimum profit
c. Gross profit d. None of these

28. A rational pricing policy should keep the entire product line and ….. from sale of all products.
a. Maximum total sales revenue
b. Maximum total profit
c. Optimum production
d. None of these

29. Which model explains the modifications in adv. Expenditure as major determination
a. Sales maximization (Dynamic model)
b. Sales maximization (Static model)

Earning:   Approval pending.