A. the goods are heterogenous B. there is preferential treatment C. there is a large number of buyers and sellers…
A. it can be managed without conflicts B. the sole proprietor raises money from the public C. it makes an…
A. P = AR < MR B. P > AR = MR C. P = MR < AR D. P…
A. the law of variable proportions B. increasing returns to scale C. decreasing use of inputs D. change output during…
A. adequate tools to work with B. high level of employment C. limited vacancies D. government restrictions Correct Answer: Option…
A. optimally B. efficiently C. inefficiently D. maximally Correct Answer: Option C C. inefficiently
A. insurance B. petroleum C. commerce D. tourism Correct Answer: Option B B. petroleum
A. agent B. wholesaler C. consumer D. distributor Correct Answer: Option B B. wholesaler
A. average product is maximum B. Average product is minimum C. Marginal Product is maximum D. Marginal Product is increasing…
A. Mux = Px B. Px > Mux C. price is falling D. Mux > Px Correct Answer: Option A…