Division of labour may be restricted when
An ailing economy has improved
Producers live in villages
Market is small
There is full employment
There is inflation
Correct answer is C
No explanation has been provided for this answer.
Robert T. Malthus postulated in his population theory that
The death rate may become so high that people may not survive
People will eventually stop having children
People will migrate from one place to another in search of food
Positive efforts should be made to increase population
Population growth rate may out-grow the means of subsistence
Correct answer is E
No explanation has been provided for this answer.
Which of the following is the correct way to calculate total cost?
Addition of fixed cost to variable cost
Division of total cost by total output
Multiplication of fixed cost by the variable cost
Subtraction of fixed cost from total cost
Addition of marginal cost to average cost
Correct answer is A
No explanation has been provided for this answer.
Production is not complete until the
Goods gets to the wholesaler
Goods reached the final consumer
Factors of production are combined
Goods are ready for transportation
Wholesalers ask the firms to produce
Correct answer is B
No explanation has been provided for this answer.
Which of the following business establishment are not motivated mainly by profit?
Public Limited Companies
Private Limited Companies
Holding companies
Partnership
Cooperatives
Correct answer is E
No explanation has been provided for this answer.