A. all of its fixed cost and variable cost B. all of its fixed cost and part of variable cost…
A. falls continuously throughout B. falls and later rises C. remains unchanged throughout D. rises and later falls Correct Answer:…
A. decrease in the death rate B. increase in the death rate C. poor medical facilities D. decrease in the…
A. all inputs are fixed B. all inputs are variable C. some outputs are variable D. some inputs are variable…
A. firm which minimizes cost B. consumer who maximizes satisfaction C. producer who maximizes marginal product D. consumer who minimizes…
A. 88 utils B. 18 utils C. 5.5 utils D. 3.5 utils Correct Answer: Option C C. 5.5 utils
A. 6 units B. 10 nits C. 12 units D. 14 units Correct Answer: Option D D. 14 units
A. the price system B. the banking system C. the central planning body D. government budgets Correct Answer: Option A…
A. increase in supply B. excess demand C. equality of demand and supply D. decreases in demand Correct Answer: Option…
A. derived B. composite C. joint D. competitive Correct Answer: Option C C. joint