The downward sloping of the Average Revenue curve of the monopolist indicates that he
Can control both output and price
Can only break-even
Can control either the output or the price, but not both
Can’t control anything
Exploit the consumer
Correct answer is C
No explanation has been provided for this answer.
Is concave to the point of origin
Is convex to the point of origin
Is parallel to X axis
Is parallel to Y axis
Slopes upwards from left to right
Correct answer is B
No explanation has been provided for this answer.
Into which of these organization would you classify the International Monetary Fund (IMF)?
Political organization
Trade organization
Financial organization
Social organization
Commercial organization
Correct answer is C
No explanation has been provided for this answer.
The reward of a debenture holder of a public company is a fixed rate of
Interest
Return
Dividend
Rent
Allowance
Correct answer is A
No explanation has been provided for this answer.
Industry can simply be defined as
Many firms producing different products
A firm or firms producing similar goods and services
Different firms producing different goods
Different firms producing equal number of similar goods and services
Many firms producing unidentical goods and services
Correct answer is D
No explanation has been provided for this answer.