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A.V.EDUCATION SOCIETY'S DEGLOOR COLLEGE,DEGLOOR
Internal Examination M.Com. F.Y-2021-22 (Subject-Managerial Economics)
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1. Managerial economics generally refers to the integration of economic theory with business
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Ethics
Management
Practice
All of the above
2. Demand is determined by
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Price of the product
Relative prices of other goods
Tastes and habits
All of the above
3. The cost recorded in the books of accounts are considered as
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Total cost
Marginal cost
Average cost
Explicit cost
4. Under ______, price is determined by the interaction of total demand and total supply in the market.
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Perfect competition
Monopoly
Imperfect competition
All of the above
5. The out of pocket costs are ________.
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Sunk costs
Marginal costs
Explicit costs
Social costs
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