I

ntr
otomanager
ial
economi
cs(
Qui
z1)

(
a)Manager
ial
Economi
csi
sadi
sci
pli
net
hatcombi
neseconomi
ctheor
ywi
th

.
..
..
.MANAGERI
ALPRACTI
CE.
..
..
..
..
..
..
..
..
..
..
..
...

(
b)I
nfl
ati
oni
sa.
..
..
..
..
RISE.
..
..
..
..
..
..
..
..
..
..
.int
hegener
all
evel
ofpr
icesofgoodsandser
vices.

(
c).
..
..
..
.MACROECONOMI
CS.
..
..
..
..
..
..
..
..
..
..
..st
udi
esaggr
egat
esi
ntheeconomy
.

(
d)Fi
xi
ng.
..
..
.PRI
CES.
..
..
..
..
..
..
..
..
..
..
..
..f
ort
hepr
oduct
soft
hef
ir
misani
mpor
tantpar
toft
he

deci
sionmaki
ngpr
ocess.

(
e)Capi
tal
Budget
ingi
srel
atedt
o..
..
..
..
.LONGTERM.
..
..
..
..
..
..
.inv
est
ment
.p
2.
Stat
etr
ueorf
alsef
ort
hef
oll
owi
ngst
atement
s:

FALSE(
a)Suppl
ytheor
ygui
dest
hemanageri
nthesel
ect
ionofgoodsandser
vicesof

pr
oduct
ion.

TRUE(
b)Manager
ial
economi
csi
nvol
vessel
ect
ionofi
nput
sandt
echni
quesofpr
oduct
ion.

TRUE(
c)Fi
rm'
sthi
rdbasi
cquest
ionr
elat
edi
stosegment
ati
onofmar
ket
.

TRUE(
d)Thedev
elopmentofapr
oductf
orapar
ti
cul
arsect
ionofsoci
etyconsi
derquest
ion

f
orhowt
opr
oduce.

TRUE(
e)Achoi
cehast
obemadebet
weenends(
unl
i
mit
edwant
s)andmeans(
li
mit
ed

r
esour
ce)
.

FALSE(
f)Scar
cit
yandef
fi
ciencydoesnotgohandt
ohandi
nasoci
ety
.

FALSE(
g)Thest
udyofmanager
ial
economi
csdoesnoti
nvol
vecapi
tal
budget
ing.

TRUE(
h)Recessi
onosamacr
oeconomi
cpr
obl
em.

TRUE(
i)
Inf
lat
ioni
sahi
ddent
axonnomi
nal
bal
ances.

3.
Chooset
heappr
opr
iat
eansw

(
a)Whi
chi
snott
ypeofunempl
oyment
?

(
iv)Var
iabl
e

(
b)Thef
oll
owi
ngar
ethesi
gnofi
nfl
ati
on,
except

(
(i
i)i
ncr
easedpur
chasi
ngpower