A. proportional tax B. regressive tax C. value added D. progressive tax Correct Answer: Option A - proportional tax Explanation…
A. total cost B. variable cost C. fixed cost D. marginal cost Correct Answer: Option C - fixed cost
A. Theory of consumer behaviour B. Theory of cost C. Theory of production D. Theory of value Correct Answer: Option…
A. it can intersect B. it slopes downward from left to right like that of a normal demand curve C.…
A. a rise in price of Bournvita B. an increase in income C. a tax on cocoa producer D. a…
A. demand and supply are equal B. demand is greater than supply C. price is higher D. supply is greater…
A. Manager Specialization B. Product specialization C. Specialization by sex D. Geographical specialization Correct Answer: Option A - Manager Specialization…
A. two to twenty persons B. minimum of two and maximum of fifty C. minimum of seven and no maximum…
A. Scale of preference B. Indifference map C. Demand schedule D. Supply schedule Correct Answer: Option A - Scale of…
A. supply curve B. liquidity preference C. Budget line D. demand curve Correct Answer: Option C - Budget line Explanation…