Test Bank For Managerial Economics

1. Managerial economics uses ____________ to help managers solve problems. a. formal models b. prescribed behavior c. quantitative methods d. microeconomic theory e. all of the above ANS: E PTS: 1 2. Managerial economics draws upon all of the following EXCEPT: a. finance b. microeconomics c. accounting d. marketing e. sociology ANS: E PTS: 1 3. The economic theory of the firm assumes that the primary objective of a firm’s owner or owners is to: a. behave in a socially conscient...

1. Managerial economics uses ____________ to help managers solve problems. a. formal models b. prescribed behavior c. quantitative methods d. microeconomic theory e. all of the above ANS: E PTS: 1 2. Managerial economics draws upon all of the following EXCEPT: a. finance b. microeconomics c. accounting d. marketing e. sociology ANS: E PTS: 1 3. The economic theory of the firm assumes that the primary objective of a firm’s owner or owners is to: a. behave in a socially conscient...