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Q. Prices of Bata shoe as Rs.99.99, this pricing is

Q. The responsiveness of demand due to a change in promotional expenses is called

Q. A firm encountering economies of scale over some range of output will have a:

Q. When all the productive services are increased in a given proportion, the product is increased in the same proportion. This situation is called:

Q. Product differentiation is an important feature of

Q. The law of diminishing returns only applies in cases where:

Q. The value of an entrepreneur’s resources that she uses in production are known as:

Q. So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue

Q. The proportionate change in the quantity demanded of a commodity in response to change in the price of another related commodity is called

Q. Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.