The cost assigned to factors of production that the firm neither hires nor purchases is called
A. Opportunity cost
B. Social cost
C. Economic cost
D. Imputed cost
Answer: Option D
A. Opportunity cost
B. Social cost
C. Economic cost
D. Imputed cost
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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