When of the following is correct:
When of the following is correct:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
Question: The representative firm in a purely competitive industry: A. will always earn a profit in the short run. B. may earn either an economic profit or a loss in the long run. C. will always earn an economic profit in the long run. D. will earn an economic profit of zero in the long…
Question: Inflation due to hording A. Credit inflation B. Scarcity inflation C. Profit inflation D. None Answer» b. Scarcity inflation Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: Keltron was founded in A. 1970 B. 1969 C. 1956 D. 1973 Answer» d. 1973 Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: Sum of two numbers is 84. One of the numbers is 20 more than the other. The smallernumber is A. 12 B. 22 C. 32 D. 42 Answer» c. 32 Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: Regression analysis: A. measures the demand for a good B. measures growth C. establishes cause and effect D. establishes a relationship between two variables Answer» d. establishes a relationship between two variables Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: In the long run, a monopolistically competitive firm earn A. Abnormal profit B. loss C. Normal profit D. Differentiated profit Answer» c. Normal profit Note: The above multiple-choice question is for all general and Competitive Exams in India.