A. | More units of it will be bought |
B. | Same units of it will be bought |
C. | Less units of it will be marginal bought |
D. | Nothing of it will be bought |
Option: A Explanation : Click on Discuss to view users comments. |
A. |
The minimum price and minimum quantity
|
B. |
The maximum price and minimum quantity
|
C. |
The maximum quantity and the minimum price
|
D. | Both price and quantity is maximum |
Option: C Explanation : Click on Discuss to view users comments. |
A. |
Is considered to be negligible and thus, ignored
|
B. |
Is charged along with the price of the commodity
|
C. |
Is considered to be vital for the calculation of total cost
|
D. | Excluded from the prime cost |
Option: A Explanation : Click on Discuss to view users comments. |
A monopoly producer has
A. | Control over production but not price |
B. | Control over production, price and consumers |
C. |
Control neither on production nor on price
|
D. | Control over production as well as price |
Option: D Explanation : Click on Discuss to view users comments. |
A. | Cannot be achieved |
B. |
Can be achieved after a high level of output
|
C. |
Can be achieved after a small level of output
|
D. | Will result in run-away inflation |
Option: A Explanation : Click on Discuss to view users comments. |