Clark-Wicksteed product exhaustion theorem says that
A. Given a linearly homogenous production function, the product is exhausted
B. Total product is exhausted only under laissez-faire
C. In long-run competitive equilibrium, the total product will be exhausted in rewarding the factors
D. Total product is exhausted only under conditions of monopoly
Answer: Option A
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
Join The Discussion