A consumer will be maximising his utility if he allocated his money income so that
A. Elasticity of demand is the same for all purchased products
B. The marginal utility from the last rupee spent on each purchased product is the same
C. The marginal utility of the last unit of each product consumed is equal
D. Total utility gained from each product consumed is the same
Answer: Option B
This Question Belongs to Management >> Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis
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