Economics - Study Mode
[#1136] The condition of long period equilibrium for a firm operating under perfect competition is-
Correct Answer
(A) AC = MR = MC
[#1137] Who among the following gives the final approval to the Indian five year plans?
Correct Answer
(C) National development council
[#1138] In the market for oranges, a rise in income with other things remaining unchanged, will lead to
Correct Answer
(C) an upward shift of the demand curve
[#1139] The definition of 'Wantlessness' in economics was given by
Correct Answer
(B) J. K. Mehta
[#1140] Consider the following combinations of inputs and outputs- Labour Capital Output 5 10 1 6 12 2 7 14 3 8 16 4 9 18 5 10 20 6 This production technology satisfies
Correct Answer
(C) constant returns to scale