A. prime cost B. variable cost C. marginal cost D. fixed cost E. average cost Correct Answer: Option D -…
A. it enables us to carry out task which can not be done by human effort only B. most tasks…
A. it enables us to build industries B. we build houses on it C. all our highways are constructed on…
A. money lenders B. inheritance C. loans from insurance companies D. loans from banks E. Sales of shares Correct Answer:…
A. Demand will equal supply B. Demand will be greater than supply C. Supply will be greater than demand D.…
A. equate marginal revenue with marginal cost B. provide employment opportunities C. equate total revenue with total cost D. equate…
A. the market price of commodities B. a market where a single price rules C. a system of price allocation…
A. joint supply B. derived demand C. competitive demand D. competitive supply E. composite demand Correct Answer: Option C -…
A. annual increase in population B. total population of a country at a given time C. addition to the total…
A. agriculture and allied industries B. mining and manufacturing C. the distributive trade D. commerce and industries E. mining and…