In a situation when a firm is operating in a perfectly competitive firm and the total cost is given perfectly…
The demand and supply functions of commodity x are given as follows: Qd = 20- 2p, Qs = 6p -…
A. Improvement in transport system B. Instability in international exchange rate C. Restrictions on the movement of resources D. increase…
A. There has been an increase in the consumer’s money income B. There has been a reduction in the…
A. subsidiary industry B. constructive industry C. manufacturing industry D. infant industry Correct Answer: Option A - subsidiary industry Explanation…
A. Increasing its expenditure on advertising B. Increasing the workforce C. Locating in an area in which the industry is…
A. rate of inflation B. input-output ratio C. buying more machines D. unemployment rate Correct Answer: Option B - input-output…
A. MUX = MUA B. MUX = PX C. PX = X D. PX = PY Correct Answer: Option B…
A. perfectly elastic B. perfectly inelastic C. down-ward sloping D. upward sloping Correct Answer: Option B - perfectly inelastic Explanation…
A. efficient management B. adequate labour supply C. small size of the market D. adequate supply of raw materials Correct…