The expansion path of production theory is analogous in consumption theory to the
A. Engel curve
B. Price consumption line
C. Income consumption line
D. Budget constraint line
Answer: Option C
A. Engel curve
B. Price consumption line
C. Income consumption line
D. Budget constraint line
Answer: Option C
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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