Which of the following statement is correct?
A. When the slope of the demand curve is zero, demand is infinitely elastic and when the slope is infinite, elasticity is zero
B. When the slope of the demand curve is zero, elasticity is unity and also when the slope is infinite, elasticity is unity
C. When the slope of the demand curve is zero, elasticity is also zero and when the slope is infinite, elasticity is also in finite
D. None of these
Answer: Option A
This Question Belongs to Management >> Managerial Economics
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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