Total utility of a commodity can be found by
A. Multiplying price by number of units
B. Adding up the marginal utility of all units
C. Multiplying the number of units by its marginal utility
D. None of these
Answer: Option B
A. Multiplying price by number of units
B. Adding up the marginal utility of all units
C. Multiplying the number of units by its marginal utility
D. None of these
Answer: Option B
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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