A. total variable cost B. total fixed cost C. marginal cost D. total revenue Correct Answer: Option D D. total…
A. can concentrate on all goods B. can efficiently produce their own needs C. can save time and produce more…
A. total cost of production is increasing B. average fixed cost is rising continuously C. average cost of production decreases…
A. price floor B. demand price C. market-clearing price D. satisfactory price Correct Answer: Option C C. market-clearing price Explanation…
A. excess supply B. the activities of rich individuals C. price legislation D. inadequate information Correct Answer: Option C C.…
A. greater than his marginal utility B. less than his marginal utility C. equal to his marginal utility D. equal…
A. change and taste and fashion of consumers B. increase in the income of consumers C. a fall in the…
A. time period B. cost of production C. size of consumer income D. nature of the product Correct Answer: Option…
A. from a single producer B. in the warehouse of producers C. offered for sale at a market place D.…
A. the level of technology B. the price of the commodity C. cost of production D. taxation Correct Answer: Option…