A. efficient allocation of resources B. the invisible hand C. the regulatory nature of the market D. consumer rationality Correct…
A. efficient allocation of resources B. production of goods C. operation of companies D. generation of income Correct Answer: Option…
A. Industrial development B. Income per head C. Revenue generation D. Economic development Correct Answer: Option B - Income per…
A. AFC B. MC C. AC D. AVC Correct Answer: Option B - MC Explanation In a monopoly, the price…
A. Unemployment rate has decreased B. General prices have fallen C. Employment rate has risen D. General prices have risen…
A. AC is lowest B. AVC is lowest C. MC is rising D. MC is falling Correct Answer: Option D…
A. Middle value in the set B. Highest value in the set C. Arithmetic means of the set D. Most…
A. recessionary gap B. GNP gap C. inflationary gap D. deflationary gap Correct Answer: Option C - inflationary gap Explanation…
A. X B. K C. X + K D. X - K Correct Answer: Option B = K Explanation A…
A. N360 B. N300 C. N460 D. N400 Correct Answer: Option B = N300 Explanation Total cost would be =…