A firm should always continue to operate at a loss in the short run if:

Question:

A firm should always continue to operate at a loss in the short run if:

A.

the firm will show a profit.

B.

the owner enjoys helping her customers.

C.

it can cover its variable costs and some of its fixed costs.

D.

the firm cannot produce any other products more profitably.

Answer» c. it can cover its variable costs and some of its fixed costs.

Note: The above multiple-choice question is for all general and Competitive Exams in India

If an oligopolist incurs losses in the short run, then in the longrun

Question:

If an oligopolist incurs losses in the short run, then in the longrun

A.

The oligopolist will go out of business

B.

The oligopolist will stay in business

C.

The oligopolist will break-even

D.

Any of the above

Answer» d. Any of the above

Note: The above multiple-choice question is for all general and Competitive Exams in India

Assertion (A): Necessity led to the invention of moneyReason(R) : Barter system failed to perform the major functions of money

Question:

Assertion (A): Necessity led to the invention of moneyReason(R) : Barter system failed to perform the major functions of money

A.

(A) is true but (R) is false.

B.

Both (A) and (R) are false

C.

Both (A) and (R) are true and (R) is the correct explanation of (A)

D.

Both (A) and (R) are true but (R) is not the correct explanation of (A)

Answer» d. Both (A) and (R) are true but (R) is not the correct explanation of (A)

Note: The above multiple-choice question is for all general and Competitive Exams in India