EXAM BANK ECO 550 Managerial Economics Strayer University
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Exam (elaborations) EXAM BANK ECO 550 Managerial Economics Strayer University
- Exam (elaborations) • 192 pages • 2021
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EXAM BANK ECO 550 Managerial Economics Strayer University 
Chapter 1 Quiz: 
1. The form of economics most relevant to managerial decision-making within the firm is: 
a. macroeconomics 
b. welfare economics 
c. free-enterprise economics 
d. microeconomics 
e. none of the above 
2. If one defines incremental cost as the change in total cost resulting from a decision, and 
incremental revenue as the change in total revenue resulting from a decision, any business 
decision is profitable if: 
a. it ...
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