In the figure above, The broken line labelled M is the marginal revenue curve of a
Monopoly
Competitive firm
State corporation
Partnership
Monophony
Correct answer is A
No explanation has been provided for this answer.
Study the figure above. At paint H the price elasticity of supply is
Perfectly inelastic
Inelastic
Unit elastic
Perfectly elastic
Elastic
Correct answer is C
No explanation has been provided for this answer.
Market interaction
Cash flow
Circular flow of income
Supply and demand for goods and services
Household preference schedule
Correct answer is C
No explanation has been provided for this answer.
In the diagram III refers to the calculation of national income through the
Income approach
Government earnings approach
Expenditure approach
Output approach
Flow of funds approach
Correct answer is C
No explanation has been provided for this answer.
In the diagram I refers to the calculation of national income through the
Expenditure approach
Input - Output approach
Flows of funds approach
Income approach
Output approach
Correct answer is D
No explanation has been provided for this answer.
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