Under perfect competition, the long run equilibrium of the firm is established at
A. minimum point of LAC
B. highest point of LAC
C. minimum point of SAC
D. highest point of SAC
Answer: Option A
A. minimum point of LAC
B. highest point of LAC
C. minimum point of SAC
D. highest point of SAC
Answer: Option A
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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