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MANAGERIAL ECONOMICS (eco404) Quiz # 02

Dear Students!

This is to inform that Quiz # 02 will be opened on Dec 8, 2015 and last date to attempt quiz will be Dec 10, 2015.

 

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  • Quiz will be based on Multiple Choice Questions (MCQs), Covering video Lectures 1 to 18.  
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Replies to This Discussion

Which of the following assumes constant percentage change in economic variable over different periods of time?

Select correct option: 

Growth trend analysis

Seasonal trend analysis

Linear trend analysis

Regression analysis

Taking opinions from expert persons is the part of which of the following forecasting analysis?

Select correct option: 

Qualitative forecasting

Quantitative forecasting

Regression analysis

Time series analysis

When there is neither a shortage nor a surplus then which of the following will occur?

Select correct option: 

Shortage

Surplus

Equilibrium

Hoarding 

Equilibrium occurs where there is neither a shortage nor surplus

Which of the following is marketing research approach to estimate the demand?

Select correct option: 

Consumer Interviews

Consumer Clinics

Market Experiments

All of the given options

At least one input can not be changed in which of the following time periods?

Select correct option: 

Short run

Long run

Intermediate

None of the given options

Marginal product of labor is defined as the:

Select correct option: 

Change in total product due to one unit change in labor

Change in average product due to one unit change in labor

Change in total product due to one unit change in average product

Change in total product due to one unit change in cost of labor

In the regression equation, Yt = 6.60 + 2.63Xt, the intercept of the line is:

Select correct option: 

6.60

2.63

9.23

3.97

Normal good is defined as the good for which:

Select correct option: 

As income increases, quantity demanded also increases.

As income increases, quantity demanded decreases.

As income increases, quantity demanded remains the same

As income decreases, quantity demanded remains the same

Regression line best fits the data if:

Select correct option:

Sum of the squared deviations from the line is minimum

Sum of the squared deviations from the line is maximum

Division of the squared deviations from the line is minimum

Difference of the squared deviations from the line is minimum

Suppose Y = f(X), if Y = 5 then what will be dY/dX according to rules of differentiation?

Select correct option:

0

5

5X

5Y

Non-price determinant of supply includes:

Select correct option: 

Prices of other goods or services

Input prices

Weather conditions

All of the given options

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