The doctrine of consumer's surplus is based on
A. Law of substitution
B. Revealed preference theory
C. Indifference curve analysis
D. The law of diminishing marginal utility
Answer: Option D
A. Law of substitution
B. Revealed preference theory
C. Indifference curve analysis
D. The law of diminishing marginal utility
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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