A. protect the interest of the government B. maximize profits C. provide infrastructure D. promote exports Correct Answer: Option B…
A. transport B. water C. raw materials D. labour supply Correct Answer: Option C C. raw materials
A. average cost B. variable cost C. opportunity cost D. fixed cost Correct Answer: Option D D. fixed cost
A. he has the change to minimize cost B. has to forgo one thing in order to have another C.…
A. concentration of the firms of an industry in a particular area B. siting of industries in rural areas C.…
A. a desire to make maximum profit B. introduction of an efficient transport system C. growth of specialization D. extent…
A. production of specialized goods B. employment of experts C. monotony of work D. Greater use of machinery Correct Answer:…
A. there is a rise in the cost of administration B. consumers sacrifice their individual tastes C. the firm can…
A. is a free gift of nature B. contains valuable mineral resources C. assists in the creation of utility D.…
A. interest B. donation C. gifts D. subsidy Correct Answer: Option A A. interest