i and ii
i and iv
ii and iii
i, ii, iii and iv
Correct answer is A
No explanation has been provided for this answer.
An increase in the supply of labour in a factory while other things remain equal will lead to
An increase in the wage rate and an increase in the number of people employed
A decreased in the wage rate and a decrease in employment
An increase in the wage rate and an decrease in the employment
A decrease in the wage rate and an increase in employment
Correct answer is D
No explanation has been provided for this answer.
A firm determines its profit when it studies its?
Marginal Cost
Average Cost
Total Cost
Average Cost relative to price in the market
Correct answer is D
No explanation has been provided for this answer.
Price is always equal to marginal cost
Supply is always equal to demand
Price is always higher than marginal cost
There are always many buyers and many sellers
Correct answer is A
No explanation has been provided for this answer.
Always reflects the cost of labour
Reflects the variable, but not the fixed cost of production
Does not rise above variable costs
Is determined by the cost of production and the current rate of inflation
Correct answer is B
No explanation has been provided for this answer.