Profit Maximizing - Diminishing Marginal Utility - Advertising and Promotional Campaigns - Economics and Management Assignment Help

Assignment Task:

 Economics and Management Assignment Help

1. Select the most appropriate option 
_________cost helps in making short-run decisions about profit-maximizing rates of output.
 
1.    Production
 
2.    Selling
 
3.    Buying
 
4.    Marginal

2. The quantity consumed of a commodity increase, the utility derived from each successive unit decreases, remaining the same consumption of all other commodities is called diminishing marginal utility. 
 
1.    true
 
2.    false

3. In _________method the forecaster identifies the experts on the commodity to be surveyed and takes their opinion on the; likely demand for the commodity. 
 
1.    Opinion Poll
 
2.    Expert
 
3.    Delphi
 
4.    Sample

4. The study and analysis of the existence and interaction of these parameters is of great importance to the ________ systems designer or communication expert.
 
1.    Management
 
2.    Input
 
3.    Output
 
4.    Board

5. Advertising and promotional campaigns have a profound impact on consumer tastes and preferences. 
 
1.    true
 
2.    false

6.  PV ratio = (100) S V S ? − ? ?− ? ? ? Where S is the selling price and V the ________ cost. 
 
1.    Variables
 
2.    Fixed
 
3.    Total
 
4.    Marginal

7. Future expectations of an increase (decrease) in the price of a good or service may cause current demand to increase (decrease). 
 
1.    true
 
2.    false

8. Changes in non-price determinants (price remaining constant) result in changes in demand, that is, shift in the demand? 
 
1.    true
 
2.    false

9. Choose the right option-The question may have more than one correct answer                Price system, in an economy, performs two functions: 
 
1.    Serves as a price rationing device
 
2.    Determines allocation of resources
 
3.    Serves as demand rationing device
 
4.    Determines allocation of prices

10 . The________models are increasingly used to forecast the firm’s demand and sales of a commodity as well as many other economic variables. 
 
1.    Econometrics
 
2.    Lagging
 
3.    Leading
 
4.    Coincident

This Economics Assignment has been solved by our Economics experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.