The diagram shows the total utility curve. At the point M, marginal utility
Increases
Is unity
Diminishes
Is zero
Correct answer is D
No explanation has been provided for this answer.
The firm whose sales and total revenue of the commodity as given in the table is
A monopolist
A monopolistic competitor
An oligopolist
A perfect competitor
Correct answer is A
No explanation has been provided for this answer.
How many student took the examination?
280
240
200
80
Correct answer is A
No explanation has been provided for this answer.
If the pass mark was 40. how many students passed the examination?
100
120
160
200
Correct answer is C
No explanation has been provided for this answer.
In a price-taking firm, the portion UT above is the firm's
Average revenue curve
Long-run average cost curve
Demand curve
Supply curve
Correct answer is B
No explanation has been provided for this answer.
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