A. the consumer is in equilibrium B. more of the commodity can be consumed C. total utility is also equal…
A. the lowest cost of producing goods B. the cost of production of the most efficient firm in an industry…
A. there is an increase in taxes on inputs B. government increases subsidies C. rural-urban migration is encouraged D. the…
A. competitive goods B. composite goods C. jointly supplied D. derived goods Correct Answer: Option A - competitive goods Explanation…
A. negatively sloped B. positively sloped C. vertical D. horizontal Correct Answer: Option B - positively sloped Explanation Ostentation goods…
A. in complementary demand B. of the same quality C. in composite demand D. in competitive demand Correct Answer: Option…
A. $ 90.00 B. $ 180.00 C. $ 324.00 D. $ 350.00 Correct Answer: Option C = $ 324.00 Explanation…
A. leads to low production of goods and services B. requires large number of officials to operate C. considers individual…
A. are unlimited in supply B. have high cost of production C. are free gifts of nature D. do not…
A. within the production possibility curve B. outside the production possibility curve C. along the production possibility curve D. adequate…