Symbiosis International Education Centre 2006 Post Graduate Diploma HR Management Managerial Economics - Question Paper

accurate ans
< 1
Your ans
>1

Multiple option Single ans
ques.
Peas & beas, groundnut oil & til oil, tea & coffee are examples of
accurate ans
substitutes goods
Your ans
substitutes goods

True/False
ques.
Demand for luxury goods is inelastic
accurate ans
False
Your ans
False

Match The subsequent
Question
accurate ans
Your ans
Increase in demand
Upward shift of the demand curve
Upward movement on the demand curve
Extension of demand
Downward movement on the demand curve
Vertical Demand curve
reduce in Demand
Leftward shift of the demand curve
Downward movement on the demand curve
Contraction of Demand
Upward movement on the demand curve
Leftward shift of the demand curve

choose The Blank
ques.
Increase in consumer’s income leads in the demand for inferior goods to ________
accurate ans
decrease
Your ans
decrease

Multiple option Multiple ans
ques.
Reasons for change in Demand (Increase or reduce in Demand)
accurate ans
change income of consumer , change in population , change in fashion and customs
Your ans
change income of consumer , change in population , change in fashion and customs

Multiple option Single ans
ques.
AVC is the per unit variable cost of
accurate ans
production
Your ans
fixed variable

True/False
ques.
The sum of total fixed costs and total variable costs is the total cost.
accurate ans
True
Your ans
True

Multiple option Multiple ans
ques.
The production function can be discussed by
accurate ans
legal regulations of variable proportions , Laws of returns to scale , Optimum combinations of inputs
Your ans
legal regulations of variable proportions , Laws of returns to scale

choose The Blank
ques.
Output rises in a lesser proportion to that of the increase in input, under the case of ________.
accurate ans
decreasing returns to scale
Your ans
decreasing returns to scale

choose The Blank
ques.
The costs which cover the cost of advertising is ________.
accurate ans
Selling cost
Your ans
Incremental cost

choose The Blank
ques.
The out of pocket costs are ________.
accurate ans
Explicit costs
Your ans
Explicit costs

choose The Blank
ques.
By ' profits', the accountant means total revenue minus________.
accurate ans
Explicit costs
Your ans
Fixed costs

Multiple option Single ans

Earning:   Approval pending.