This quiz works best with JavaScript enabled. Home > Economics > Managerial Economics > Managerial Economics – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Managerial Economics Quiz 24 (3 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. If a firm can turn a loss into net profit by making use of idle factors of production then it is using A) Contribution. B) Incremental reasoning. C) Opportunity. D) Liquidity. Show Answer Correct Answer: B) Incremental reasoning. 2. This curve is used to analyze the relationship between inflation and unemployment? A) Philippians Curve Analysis. B) Smith Curve Analysis. C) Keynesian Curve Analysis. D) Phillips Curve Analysis. Show Answer Correct Answer: D) Phillips Curve Analysis. 3. Statement 1:The demand for the study of managerial economics is increasing because of globalization.Statement 2:Economy increasing the demand for professional trained management personnel. A) Only statement 1 is correct. B) Only statement 2 is correct. C) Both statements are correct. D) Both statements are incorrect. Show Answer Correct Answer: C) Both statements are correct. ← PreviousRelated QuizzesEconomics QuizzesManagerial Economics Quiz 1Managerial Economics Quiz 2Managerial Economics Quiz 3Managerial Economics Quiz 4Managerial Economics Quiz 5Managerial Economics Quiz 6Managerial Economics Quiz 7Managerial Economics Quiz 8Managerial Economics Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books