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P 1: Fundamentals of Economics and management BitQuestions TheInstitute of Cost Accountants of India 1 FUNDAMENTALS OF ECONOMICS I. Choose the correct answer from the given four alternatives: 1. The subject matter of economics is distributed into _____ parts. (A) two (B) three (C) four (D) five 2. The concept of Consumer Surplus was introduced in Economics by (A) Prof.

P‐1: Fundamentals of Economics and Management ‐ BitQuestions ... the change in total cost due to one unit change in input. (C) the ratio of total cost to total output (D) the ratio of total cost to total input ... Brand Name Food Companies 16.PT = MV is the equation suggested by (A) ...

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