A. What is left to the entrepreneur after he has paid all his expenses
B. The extra output obtained from employing an additional unit of a factor
C. What is produced when all factors of production are employed at optimum efficiency
D. Annual output of the most efficient firm in the industry
Answer: Option B
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
Join The Discussion