Long run equilibrium price of a perfect competitive firm is always
A. Equal to AFC
B. Below the LAC
C. Above the LAC
D. Equal to LAC
Answer: Option D
A. Equal to AFC
B. Below the LAC
C. Above the LAC
D. Equal to LAC
Answer: Option D
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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