Generally the profits are maximised in the short run at the point at which
| A. | Marginal cost of production is equal to the marginal return |
| B. | Marginal return is zero |
| C. | Marginal return is negative |
| D. | Marginal cost is zero |
|
Option: A Explanation : Click on Discuss to view users comments. |
The market period supply curve for perishable commodities is
| A. | Perfectly elastic |
| B. | Perfectly inelastic |
| C. | Relatively elastic |
| D. | Relatively inelastic |
|
Option: B Explanation : Click on Discuss to view users comments. |
In which case the elasticity shown by the different points of a curve is the same?
| A. | A rectangular hyperbola curve |
| B. | A downward sloping curve |
| C. | A straight line curve |
| D. | None of these |
|
Option: A Explanation : Click on Discuss to view users comments. |
