Average product is maximum
Average product is minimum
Marginal Product is maximum
Marginal Product is increasing
Correct answer is D
No explanation has been provided for this answer.
A consumer maximizes his utility in consuming a good 'X' when
Mux = Px
Px > Mux
Price is falling
Mux > Px
Correct answer is A
No explanation has been provided for this answer.
Government fixing of prices below the equilibrium point is aimed at protecting the
Sellers
Industries
Distributors
Consumers
Correct answer is D
No explanation has been provided for this answer.
The interaction of supply and demands for labour determines
Production
Income
Wage
Profits
Correct answer is C
No explanation has been provided for this answer.
If an increase in earning leads to more of a commodity being demanded, the good is said to have
Positive income elasticity
Negative income elasticity
Positive cross elasticity
Negative cross elasticity
Correct answer is A
No explanation has been provided for this answer.