Economics - Study Mode
[#366] The law of demand states that if other things remain same
Correct Answer
(B) There is always an inverse relationship between price and demand
[#367] Average revenue curve will not touch X axis because it cannot be
Correct Answer
(B) Zero
[#368] Who was the author of 'Value and Capital'?
Correct Answer
(D) J. R. Hicks
[#369] Firms in perfect competition face a
Correct Answer
(A) perfectly elastic demand curve
[#370] When a firm produces 400 units, its total cost is Rs. 6,000 and the total cost of producing 410 units is Rs. 7,500. If so, then its marginal cost will be
Correct Answer
(C) Rs. 150