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# MANAGERIAL ECONOMICS (eco404) Quiz # 04

Dear Students!

This is to inform that Quiz # 04 will be opened on Feb 16, 2016 and last date to attempt quiz will be Feb 18, 2016.

Instructions:

• You can start attempting the quiz at any time but within given date(s) by clicking the quick link for Quiz on VU-LMS as it will become enabled within the mentioned dates.  As soon as the time will be over, it will automatically be disabled and will not be available to attempt it.
• Quiz will be based on Multiple Choice Questions (MCQs), Covering video Lectures 23 to 37.
• Each question has a fixed time limit of 90 seconds. So you have to save your answer before 90 seconds. But due to unpredictable/unstable Internet speed, it is strongly recommended that you save your answer within 60 seconds to avoid any inconvenience. While attempting a question, keep an eye on the remaining time.

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In the Marris model, the rate of growth is financed from internal and external sources. External source of finance may include:

Select correct option

Issue of new bonds

Profits of the firm

Loans from other firms

Cigarettes are an example of which type of market structure?

Select correct option

Perfect competition

Monopoly

Monopolistic competition

Oligopoly

Given the marginal cost function: MC = 430 + 25Q. What is the slope of this marginal cost curve?

Select correct option

25

25Q

430

430+Q

The goal of the firm is the maximization of the balanced rate of growth of the firm in which of the following models?

Select correct option

Baumol's static model

Marris's model

Sweezy model

Under perfect competition, profit is maximized at the point where:

Select correct option

Marginal Cost = Marginal Revenue

Marginal cost = Average revenue

Average cost = marginal revenue

Average cost = Average revenue

Given the total revenue equation: TR = 26Q, marginal revenue is:

Select correct option

Q

26Q

26

26 + Q

The firm is a price taker in which of the following market structures?

Select correct option

Perfect competition

Monopoly

Monopolistic competition

Oligopoly

If oligopoly firm is producing homogeneous product, it is known as:

Select correct option

Pure oligopoly

Differentiated oligopoly

Tripoli

Monopoly

Which of the following assumes that there is a single owner entrepreneur?

Select correct option

Baumol's static model

Marris's model

Sweezy model

Collectively slack variables and surplus variables are called as:

Select correct option

Dummy Variable

Dependent variable

Independent variable

Explanatory variable

1

2

3

4

5

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