A. | Price-demand |
B. | Income-Demand |
C. | Cross-Demand |
D. | None of the above |
Option: C Explanation : Click on Discuss to view users comments. |
Assertion (A). Business Economic is tool facilitating decision making in business.
Reason (R). It provides an analytical under standing of economic activities.
A. | Both (A) and (R) are not correct. |
B. | Both (A) and (R) are correct. |
C. | (A) is true, but (R) is false |
D. | (R) is true but (A) is false. |
Option: B Explanation : Click on Discuss to view users comments. |
A. | Decreases |
B. | Increases |
C. | Remains constant |
D. | None of these |
Option: C Explanation : Click on Discuss to view users comments. |
A. | I and 3 |
B. | III and 4 |
C. | II and 1 |
D. | IV and 2 |
Option: C Explanation : Click on Discuss to view users comments. |
A. | Both AC & MC are calculated from TC |
B. | If AC Falls, MC will rise |
C. | If AC rises, MC also rises |
D. |
For the minimum point of AC, average cost is equal to marginal cost.
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Option: B Explanation : Click on Discuss to view users comments. |