A. excess supply over demand B. increase in productivity C. excessive demand with limited supply D. increased government spending in…
A. perpetual existence B. limited liability C. legal entity D. sales of shares to the public Correct Answer: Option D…
A. preventing mergers B. indigenization C. privatization D. imposing high-profit tax Correct Answer: Option A A. preventing mergers Explanation Monopoly…
A. co-operative society B. sole trader C. partnership D. joint-stock company Correct Answer: Option D D. joint-stock company Explanation A…
A. subtract MU from TU B. Add MU from the various levels C. multiply MU by the initial TU D.…
A. marginal cost curve B. average fixed cost curve C. average total cost curve D. average variable cost Correct Answer:…
A. average product B. total product C. average variable cost D. total cost Correct Answer: Option B B. total product…
A. adding up the marginal cost at each level B. dividing the total cost of output at each level C.…
A. necessity B. good of ostentation C. normal good D. Giffen good Correct Answer: Option B B. good of ostentation…
A. total utility B. average utility C. total product D. marginal utility Correct Answer: Option D D. marginal utility Explanation…