Managerial Economics > As Level Question Papers > Managerial Economics Exam by Dr. Kareem Moussa |DOWNLOAD QUALITY STUDY MATERIAL (All)
Managerial Economics Exam by Dr. Kareem Moussa |DOWNLOAD QUALITY STUDY MATERIAL
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MCQ: (50) 1. The best definition of economics is a. how choices are made under conditions of scarcity. b. how money is used. c. how goods and services are produced. d. how businesses maximize pro... fits. 2. Managerial economics is best defined as the economic study of a. how businesses can make the most profits. b. how businesses can decide on the best use of scarce resources. c. how businesses can operate at the lowest costs. d. how businesses can sell the most products. 3. Managerial economics is best defined as a. the study of economics by managers. b. the study of the aggregate economic activity. c. the study of how managers make decisions about the use of scarce resources. d. All of the above are good definitions 4. The economic concept of "opportunity cost" is most closely associated with which of the following management considerations? a. market structure b. resource scarcity c. product demand d. technology [Show More]
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