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ECO404 Managerial Economics Online Quiz#03 Fall 2012
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Question # 1 Which of the following is a non-price determinant of supply?
All of the given options
Question # 2 Direct demand is also known as:
Question # 3 Public utilities are an example of:
Question # 4 St = S0(1+g)t This equation is an example of ------------------- analysis?
Non linear trend
Question # 5 The technique of conducting survey interviews is the part of which of the following forecasting analysis?
Time series analysis
Question # 6 Which of the following statements is TRUE?
Total cost = Marginal cost + Average cost
Total cost = Fixed costs + Variable costs
Total cost = Marginal cost + Variable cost
Total cost = Fixed costs + Average costs
Question # 7 When quantity demanded is more than quantity supplied then which of the following will occur?
Question # 8 Under perfect competition, profit is maximized at the point where:
Marginal cost = Marginal revenue
Marginal cost = Average revenue
Average cost = marginal revenue
Average cost = Average revenue
Question # 9 Many fast food restaurants are working in Pakistan. These are the example of:
Question # 10 Which of the following is the slope of Isoquant?
Marginal rate of technical substitution
Marginal rate of substitution
Constant elasticity of substitution
None of the given options