APC is determined by the following equation:
APC is determined by the following equation:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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The values of x satisfying the equations is given by 3x+2=x+6
Question: The values of x satisfying the equations is given by 3x+2=x+6
A. 4 B. 8 C. 2 D. -2 Answer» c. 2 Note: The above multiple-choice question is for all general and Competitive Exams in India. An insurance agent earns a commission on each policy sold. This person made Rs.3,000in commissions during one month and concludes that annual compensation will be Rs. 36,000. This is an example of:
Question: An insurance agent earns a commission on each policy sold. This person made Rs.3,000in commissions during one month and concludes that annual compensation will be Rs. 36,000. This is an example of:
A. descriptive statistics B. inferential statistics C. secondary data D. nominal data Answer» b. inferential statistics Note: The above multiple-choice question is for all general and Competitive Exams in India. The economic incentive for price discrimination depends on:
Question: The economic incentive for price discrimination depends on:
A. prejudices of business managers. B. differences among sellers\ costs. C. a desire to evade antitrust legislation. D. differences among buyers\ demand elasticities. Answer» d. differences among buyers\ demand elasticities. Note: The above multiple-choice question is for all general and Competitive Exams in India. The ratio of total cost to the quantity produced is called
Question: The ratio of total cost to the quantity produced is called
A. average cost B. marginal cost C. total variable cost D. none Answer» a. average cost Note: The above multiple-choice question is for all general and Competitive Exams in India. Who argued that “Everything that is produced in the course of a year, every service rendered, every fresh utility brought about is a part of the national wealth.”?
Question: Who argued that “Everything that is produced in the course of a year, every service rendered, every fresh utility brought about is a part of the national wealth.”?
A. JS Mill B. Stanley Jevons C. Alfred Marshall D. Robert Malthus Answer» c. Alfred Marshall Note: The above multiple-choice question is for all general and Competitive Exams in India. If P exceeds AVC but is smaller than AC at the best level of output, the firm is
Question: If P exceeds AVC but is smaller than AC at the best level of output, the firm is
A. making a profit B. incurring a loss but should continue to produce in the short run C. incurring a loss and should stop producing immediately D. breaking even. Answer» b. incurring a loss but should continue to produce in the short run Note: The above multiple-choice question is for all general and Competitive Exams in India.