Law of diminishing marginal utility states
A. Utility always diminishes whether something is consumed or not
B. Total utility diminishes with the consumption of every additional unit
C. Utility first increases and after that diminishes at every point
D. The additional benefit which a person derives from a given increase of his stock of a thing diminishes with every increase in stock that he already has
Answer: Option D
This Question Belongs to Management >> Managerial Economics
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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