On an indifference map, if the income consumption curve slopes downwards to the right it shows that
A. Both X and Y are superior goods
B. Y is an inferior good
C. X is an inferior good
D. Both X and Y are inferior goods
Answer: Option B
A. Both X and Y are superior goods
B. Y is an inferior good
C. X is an inferior good
D. Both X and Y are inferior goods
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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