Economics - Study Mode

[#1126] If you know that with 8 units of output, the average fixed cost is Rs. 12.50 and the average variable cost is Rs. 81.25, then total cost at this output level is
Correct Answer

(B) Rs. 97.78

[#1127] If the demand curve is a rectangular hyperbola, elasticity is
Correct Answer

(A) 1

[#1128] Which of the following is a differentiated product?
Correct Answer

(D) All of the above

[#1129] Which one of the following is not a characteristics of monopolistic competition?
Correct Answer

(A) Relatively small number of producers

[#1130] Hidden disquieted employment is the specialty of which sector?
Correct Answer

(C) Agriculture