Symbiosis International Education Centre 2008 M.B.A Human Resource Management Managerial Economics - Question Paper

accurate ans All costs
Your ans Explicit costs

Multiple option Multiple ans
ques. Cost-Benefit Analysis is
accurate ans The analysis undertaken to judge the investment of any project , Refers to finding out the worth of investment , Enable ranking of optional investments
Your ans The analysis undertaken to judge the investment of any project , Refers to finding out the worth of investment , Enable ranking of optional investments

True/False
ques. Giffen goods are superior goods.
accurate ans False
Your ans False

Multiple option Multiple ans
ques. The railways use a lot of coal in firing the steam locomotives. This act causes
accurate ans a lot of sufferings to the people near the railway. , cost to the society. , no cost to the railways.
Your ans a lot of sufferings to the people near the railway. , cost to the society. , no cost to the railways.

Multiple option Single ans
ques. All the buyers and sellers operating under perfect competition have knowledge
accurate ans perfect
Your ans perfect

Multiple option Multiple ans
ques. Marginal cost pricing explains that the
accurate ans Price charged should be equal to the marginal cost , Cost price sets the lower limits for firm’s price , Cost price ensures the possible level of profitability
Your ans Price charged should be equal to the marginal cost , Cost price sets the lower limits for firm’s price , Cost price ensures the possible level of profitability

True/False
ques. The ques. regarding the nature and volumes of commodities to be produced is solely restricted to capitalist economies.
accurate ans False
Your ans False

Match The subsequent
ques. accurate ans Your ans

Implicit costs are the cost of resources owned by the firm. of resources owned by the firm.

Opportunity costs are also known as option costs option costs

The difference ranging from avg. total cost &average fixed cost indicates variable cost variable cost

The difference ranging from avg. cost and avg. revenue is avg. profit avg. profit


True/False
ques. During the period of depression, a large part of a country’s resources lie involuntarily idle.
accurate ans actual
Your ans actual

Multiple option Single ans
ques. The demand curve (A.R.) of a firm under perfect competition is
accurate ans perfectly elastic
Your ans perfectly elastic

choose The Blank
ques. The externality which causes an economic gain or an economic loss to other economic units is also referred to as ________ externality.

Earning:   Approval pending.