Related MCQs

• Q. For the maximum satisfaction of consumer:
• Q. Which factors are used in short-run production process ?
• Q. In the long run the market price of a commodity is equal to its minimum average cost of production u
• Q. A market in which there is free entry and exit, the market is
• Q. Which is the First Law of Gossen?
• Q. In perfect competition, in the long run, if a new firm enters the industry the supply curve shifts t
• Q. In the short-run following factors are included in the process of production:
• Q. How many categories of production duration have been made by Marshall on the basis of supply ?
• Q. What happens when production is shut down ?
• Q. Which of the following is the salient feature of factors (or resources) ?