The Ownership of a Public Limited Company is made up of
Two to twenty persons
A minimum of seven shareholders
A minimum of fifty and maximum of one hundred shareholders
Two to fifty shareholders
A maximum of fifty shareholders
Correct answer is B
No explanation has been provided for this answer.
Hoarding in distributive trade leads to
Non-availability of commodities
Production of inferior goods
Increase in the supply of goods
Decrease in the supply of goods
Artificial scarcity of goods
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not true of a firm in equilibrium condition in perfect competition?
MC is rising
MC curves cuts AC curves from below
MR>AR
MC = AC
MR = AR
Correct answer is C
No explanation has been provided for this answer.
In production, factory buildings are regarded as
Variable cost
Average costs
Marginal costs
Total cost
Fixed costs
Correct answer is E
No explanation has been provided for this answer.
The outward shift to the production possibility curve could be due to
Military conquest
Increased money supply
Inflation
Economic growth
Massive importation
Correct answer is D
No explanation has been provided for this answer.