Diminishing return occurs in short run when there is a reduction in the
Average product of the fixed factor
Total product of the variable factor
Total product of the fixed factor
Marginal product of the variable factor
Marginal product of the fixed factor
Correct answer is D
No explanation has been provided for this answer.
The developments banks are essentially different from commercial banks because they
Offer medium and long term loans
Open current accounts for their customers
Discount bills of exchange
Are lenders of last resort
Carry out open market operations
Correct answer is A
No explanation has been provided for this answer.
All the following are different forms of money except
Bank notes
Demand deposits
Coins
Currency
Bank sellers
Correct answer is E
No explanation has been provided for this answer.
Salary negotiation
Arbitration
Collective bargaining
Conciliation
Reconciliation
Correct answer is C
No explanation has been provided for this answer.
The foregone alternative in Economics is simply the
Marginal cost
Cost of foreign products
Total cost
Opportunity cost
Average cost
Correct answer is D
No explanation has been provided for this answer.