Fall in both quantity of demand and total revenue
Fall in the quantity demanded and rise in total revenue
Fall in the quantity demanded and rise in marginal revenue
Rise in both the quantity demanded and the marginal revenue
Correct answer is A
No explanation has been provided for this answer.
Role of supply and demand
Role of material incentive
Existence of buyers and sellers
Role of money
Correct answer is A
No explanation has been provided for this answer.
The U-shape of the long run average cost curve can be explained by the
Law of increasing returns
Law of constant returns
Law of diminishing returns
Concepts of economies and diseconomies of scale
Correct answer is A
No explanation has been provided for this answer.
Labour-intensive
Capital-intensive
Fixed
Technology-intensive
Correct answer is B
No explanation has been provided for this answer.
VC = TC + FC
VC = TC - FC
VC = TC/FC
VC = (TC) (FC)
Correct answer is B
No explanation has been provided for this answer.