Which of the following statements is correct or more nearly correct?
A. If the price of a commodity falls, its value relative to other goods does not change
B. Value has nothing to do with price
C. An increase in the price of commodity represents a fall in its value
D. The price of a good is its value measured in terms of money
Answer: Option D
This Question Belongs to Management >> Managerial Economics
Related Questions on 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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