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Q. The primary functions of money are of ______ types.

Q. Marginal cost is defined as

Q. The ____ states that bad money drives good money out of circulation.

Q. The concept of ‘Consumer Surplus’ was introduced in Economics by

Q. Production creates _________ utility.

Q. The additional cost incurred to produce an additional unit of output is _______

Q. In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.

Q. The rate at which the commercial banks borrow from the Reserve Bank of India is called as

Q. When two or more different goods are produced together by a single firm, it is called as _________ supply.

Q. The money supply affects the rate of interest; when the money supply increases, rate of interest will be decreased. It is explained by _____________