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Q. When the price of a complementary product falls, the demand for the other product will ___

Q. ___________ is a gift of nature.

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

Q. In the long run, a firm in perfect competition earns _____________

Q. Let a firm employs 10 labourers to produce 150 units of output. If 11 labourers are employed to produce 166 units of output, then the marginal product is

Q. If a firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers, then the Average Product of the worker is

Q. _________ is the first Law of Consumption.

Q. Gresham’s Law is true where

Q. ______ means the desire backed by the necessary purchasing power.

Q. _______ means absence of competition.