A. is owned by the government B. sells its shares to members of the public C. operates as a government…
A. profit B. rent C. interest D. wage Correct Answer: Option B B. rent
A. TC = FC - VC B. FC = TC + VC C. TC > FC + VC D. TC…
A. utility B. manufacturing C. division of labour D. factory workers Correct Answer: Option C C. division of labour
A. higher the satisfaction derived from an additional unit B. higher the price to be paid C. lower the quantity…
A. negative B. positive and falling C. positive and rising D. zero Correct Answer: Option D C. positive and rising
A. be unchanged B. remain elastic C. remain inelastic D. rise Correct Answer: Option D D. rise
A. demand greater than quantity supplied B. supplied is greater than quantity demanded C. demand is equal to the quantity…
A. horizontal B. uniform C. positive D. vertical Correct Answer: Option C C. positive
A. complementary goods B. inferior goods C. normal goods D. substitutes Correct Answer: Option C C. normal goods