When demand curve is elastic, MR is
When demand curve is elastic, MR is
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
Similar Posts
Death rate obtained for a segment of a population is known as
Question: Death rate obtained for a segment of a population is known as
A. specific death rate B. crude death rate C. standardised rate D. vital index Answer» a. specific death rate Note: The above multiple-choice question is for all general and Competitive Exams in India. Demand curve is perfectly elastic under:
Question: Demand curve is perfectly elastic under:
A. Perfect competition B. Monopoly C. Monopolistic competition D. All of the above Answer» a. Perfect competition Note: The above multiple-choice question is for all general and Competitive Exams in India. For a unitary elastic supply curve, ps is
Question: For a unitary elastic supply curve, ps is
A. less than 1 B. more than 1 C. equal to 1 D. zero Answer» c. equal to 1 Note: The above multiple-choice question is for all general and Competitive Exams in India. In perfect competition the shutdown point is defined by
Question: In perfect competition the shutdown point is defined by
A. where price = avc B. where price = ac C. where price = mc D. when the firm starts to incur loss Answer» a. where price = avc Note: The above multiple-choice question is for all general and Competitive Exams in India. If price is less than average cost, in the short-run, the competitivefirm can earn
Question: If price is less than average cost, in the short-run, the competitivefirm can earn
A. Normal profit B. Super normal profit C. Loss D. All of the above Answer» c. Loss Note: The above multiple-choice question is for all general and Competitive Exams in India. Arrange the numbers in numerical order and see which is repeated most often. This describes which measure of central tendency
Question: Arrange the numbers in numerical order and see which is repeated most often. This describes which measure of central tendency
A. mean B. median C. range D. mode Answer» d. mode Note: The above multiple-choice question is for all general and Competitive Exams in India.