Which of the following is an implicit cost of production?
A. Charges for electricity
B. Wages of the labour
C. Interest on owned money capital
D. payment for raw materials
Answer: Option C
A. Charges for electricity
B. Wages of the labour
C. Interest on owned money capital
D. payment for raw materials
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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