If more is demanded at the same price or the same quantity is demanded at a higher price, this is known as
A. Contraction of demand
B. Extension of demand
C. Increase in demand
D. Decrease in demand
Answer: Option C
A. Contraction of demand
B. Extension of demand
C. Increase in demand
D. Decrease in demand
Answer: Option C
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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