A. useful information to the manufacturer about consumers taste B. after-sales services to the consumers C. useful information to the…
A. unitary B. greater than one C. infinite D. less than one Correct Answer: Option C - infinite
A. normal B. elastic C. inelastic D. abnormal Correct Answer: Option C - inelastic
A. long-run marginal cost B. long-run average cost C. long-run total cost D. short-run marginal cost Correct Answer: Option B…
A. Marginal product and average product curves rise and fall together B. Marginal product equals average product at the minimum…
A. permits the exploitation of economies of scale B. incorporates external economies C. is based on the law of variable…
A. there is at least one fixed factor B. all costs of production must be covered C. the output cannot…
A. the scarcity of goods and services in the market B. low real and money wages C. the need for…
A. the over utilization of human and natural resources B. unavailability of mineral resources C. inadequate manpower resources D. the…
A. 5,000,000 B. 6,250,000 C. 11,750,000 D. 12,250,000 Correct Answer: Option B - 6,250,000