In short run, the law of variable proportions is also known as the
A. Law of constant returns
B. Law of diminishing returns
C. Law of increasing returns
D. Law of return to scale
Answer: Option B
A. Law of constant returns
B. Law of diminishing returns
C. Law of increasing returns
D. Law of return to scale
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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