| A. |
Rising marginal cost is equal to the minimum average cost
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| B. |
Marginal revenue is equal to rising marginal cost
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| C. | Average revenue is equal to average cost |
| D. |
Marginal revenue is equal to the falling marginal cost
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Option: B Explanation : Click on Discuss to view users comments. |
| A. | Marshall |
| B. | Jevons |
| C. | Joan Robinson |
| D. | Mrs. Lillian Gilbreth |
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Option: C Explanation : Click on Discuss to view users comments. Sanjay Dayal said: (12:29am on Wednesday 2nd May 2018)
Roy Harrod was the first economist to develop the theory of imperfect competition and, other authors, such as Edward Chamberlin and Joan Robinson renewed its interest and made major contributions. This is as per google
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| A. | (i), (iii), (ii), (iv) |
| B. | (i), (iv), (iii), (ii) |
| C. | (ii), (i), (iv), (iii) |
| D. | (iv), (ii), (iii), (i) |
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Option: A Explanation : Click on Discuss to view users comments. |
| A. |
Both (A) and (R) are true and (R) is the correct explanation of (A).
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| B. |
Both (A) and (R) are true but (R) is not the correct explanation of (A).
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| C. | (A) is true but (R) is false. |
| D. | (A) is false but (R) is true. |
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Option: B Explanation : Click on Discuss to view users comments. |
Assertion (A). High customer expectations lead to dissatisfaction as product performance never matches them.
Reason (R). Product performance is always customer specific.
| A. | Both (A) and (R) are correct. |
| B. | Both (A) and (R) are incorrect. |
| C. | (A) is correct but (R) is in correct. |
| D. | (R) is correct but (A) is incorrect. |
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Option: B Explanation : Click on Discuss to view users comments. |
