If there were no changes in the quantity of goods demanded even when their prices fall, we understand that
A. demand was perfectly inelastic
B. demand was elastic
C. demand was unit elastic
D. demand was more elastic than one
Answer: Option A
A. demand was perfectly inelastic
B. demand was elastic
C. demand was unit elastic
D. demand was more elastic than one
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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