One difference between perfect competition and monopolistic competition is that:

April 26, 2021 – by admin

Question: One difference between perfect competition and monopolistic competition is that: A. In perfect competition, the products are slightly differentiated between firms B. There are a larger number of firms in monopolistic competition C. There are a smaller number of…

In monopoly, if p = Rs. 10 at the point on the demand curve where η = 0.5, MR is:

April 26, 2021 – by admin

Question: In monopoly, if p = Rs. 10 at the point on the demand curve where η = 0.5, MR is: A. 5 B. 0 C. −1 D. −10 Answer» d. −10 Note: The above multiple-choice question is for all…

In linear programming, _____ expresses the necessity that the levels of production of thecommodity cannot be negative, that is, it should be either positive or zero.

April 26, 2021 – by admin

Question: In linear programming, _____ expresses the necessity that the levels of production of thecommodity cannot be negative, that is, it should be either positive or zero. A. the technical constraints B. objective functions C. non negativity constrains D. primal…

When we optimise a function, with the first order derivative equal to _ and the secondorder derivative _ the function is at a relative minimum.

April 26, 2021 – by admin

Question: When we optimise a function, with the first order derivative equal to ___ and the secondorder derivative ___ the function is at a relative minimum. A. 0, 0 B. 0, < 0 C. 0, > 0 D. > 0,…