Managerial Economics and Ethics - Managerial Economics MCQ

The consumers consume only when

     P_x/P_y = MU_m

When the income increases the money value or real income will decrease

Once a person has spent his entire income he would have maximised his total pleasure from it only if the satisfaction gained from the last item of each commodity bought was the same

None of these

microeconomic consequences of managerial behavior.

how macroeconomic forces affect the organization.

goals of the organization.

ways to efficiently achieve the organization's goals.

External and internal diseconomies

External and internal economies

External diseconomies and internal economies

Optimum factor combination

An increase in quality supplied

A decrease in supply

An increase in supply

None of the above