Question

Which of the following is not included in managerial economics :
(a) Elementary supply and demand
(b) Cost of production
(c) Profit planning and control
(d) Factors influencing national income​

Answer 1

Answer:

option d

Explanation:

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Answer 2

Option d is the correct answer.

Factors influencing national income are not included in managerial economics.

1. The scope of managerial economics is restricted to microeconomics and does not extend to macroeconomics.
2. It is basically concerned with application of economics in the management of a business.
3. Thus it is concerned with all those factors that affect a business such as Elementary supply and demand, Cost of production, Profit planning and control etc.