The degree of price elasticity of demand used for goods is influenced by whether
1. It has close substitutes
2. Its output is easily altered
3. It accounts for a small input
4. It is a durable use or single use goods

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

Managerial economics is concerned with which combination of the following?
1. Investment analysis and decisions
2. Production behaviour and cost analysis
3. Input reward analysis and decisions
4. Economic environment analysis

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 2 and 4

D. 1, 3 and 4

Which is not covered under the scope of managerial economics?

A. Profit management

B. Accounting theory

C. Pricing policies

D. Production analysis