A. C+I+G+(X+M) B. C+I+G+X C. C+I+G D. C+I+G+(X-M) Correct Answer: Option D = C+I+G+(X-M) Explanation The formula to calculate the…
A. adjusting both price and output upward B. reducing total output to match price C. increasing price D. reducing price…
A. quantity produced by other producers B. prices charged by other producers C. both price and quantity D. price or…
A. TC > TR B. MR = AR C. MC < MR D. MC > MR Correct Answer: Option C…
A. average fixed costs B. average variable costs C. fixed costs D. variable costs Correct Answer: Option C - fixed…
A. by specialists B. in stages C. by all workers D. by unskilled labourers Correct Answer: Option B - in…
A. external economies of scale B. external diseconomies of scale C. internal economies of scale D. internal diseconomies of scale…
A. auctioning B. market forces C. the sales of treasury bills D. government legislation Correct Answer: Option B - market…
A. an increase in the quantity supplied B. a new equilibrium C. a decrease in the quantity supplied D. a…
A. 20 B. 15 C. 50 D. 30 Correct Answer: Option A = 20 Explanation P = 1/4(Qs+10) when P…