In case a decrease in price of a commodity results in an increase in its demand on a negatively sloping demand curve, it is called
A. an increase in demand
B. an increase in quantity demanded
C. law of demand
D. All of the above
Answer: Option B
A. an increase in demand
B. an increase in quantity demanded
C. law of demand
D. All of the above
Answer: Option B
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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