Price discrimination
Price control
Perfect market
Equilibrium price
Market structure
Correct answer is B
No explanation has been provided for this answer.
A market condition where profit is maximized when MR = AR = MC = P is known as
Monopoly
Oligopoly
Monopsony
Perfect competition
Duopoly
Correct answer is D
No explanation has been provided for this answer.
Has no monetary connection
Implies a sustained decrease in the general price level
Always increase the value of national currency
Tends to redistribute income arbitrarily
Tends to bring down market prices
Correct answer is D
No explanation has been provided for this answer.
Wages are to some extent determined by the
Marginal utility of labour
Marginal productivity of labour
Average productivity of labour
Total productivity of labour
Amount of goods and services that the wage can fetch
Correct answer is B
No explanation has been provided for this answer.
Form of money
Means of exchange authorized by the state
Commodity generally acceptable as a meduim of exchange
Total productivity of labour
Amount of goods and services that the wage can fetch
Correct answer is B
A legal tender is a form of money or means of exchange that is recognized by courts of law as satisfactory payment for any monetary debt.