When with a change in price the total outlay on a commodity remains constant, it is a case of
A. Perfect inelasticity
B. Perfect elasticity
C. Unit elasticity
D. Zero elasticity
Answer: Option C
A. Perfect inelasticity
B. Perfect elasticity
C. Unit elasticity
D. Zero elasticity
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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