A. perfect competition B. monopoly C. oligopoly D. imperfect competition Correct Answer: Option A A. perfect competition
A. less than normal profit B. greater than normal profit C. equal to the super-normal profit D. less than the…
A. variable inputs B. factors of production C. capital for production D. fixed inputs Correct Answer: Option B B. factors…
A. Variable cost B. marginal cost C. total cost D. fixed cost Correct Answer: Option D D. fixed cost
A. primary production B. secondary production C. tertiary production D. industrial production Correct Answer: Option A A. primary production
A. the supply is fixed B. land is mobile C. it is subject to diminishing returns D. land is heterogeneous…
A. spends his income to maximize satisfaction B. is not influenced by advertisement C. behaves in a particular way all…
A. increasing B. zero C. decreasing D. one Correct Answer: Option B B. zero
A. Px = MUx B. Px ≥ MUx C. Px > MUx D. Px < MUx Correct Answer: Option A…
A. protect agricultural producers B. discourage agricultural producers C. lower the price of agricultural producers D. favour consumers Correct Answer:…