Emperical evidence has shown that due to technological changes and 'learning by doing' trends, the shape of LAC curve has changed from
A. U shaped to L shaped
B. L shaped to U shaped
C. Never changed
D. None of these
Answer: Option A
A. U shaped to L shaped
B. L shaped to U shaped
C. Never changed
D. None of these
Answer: Option A
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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