The term optimum allocation on consumer's expenditure on various goods and services is used in
A. giffen paradox
B. law of demand
C. law of diminishing MU
D. law of equi-marginal utility
Answer: Option D
A. giffen paradox
B. law of demand
C. law of diminishing MU
D. law of equi-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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