GNP =
A. | Wages |
B. | GDP + interest |
C. | GDP + Net Factor Income from abroad |
D. | GDP + Net Depreciation |
Option: C Explanation : Click on Discuss to view users comments. |
The third degree price discrimination may be suitably practised between :
A. | Cost of transportation |
B. | Transport barriers |
C. | Two or more markets |
D. | All of the above |
Option: D Explanation : Click on Discuss to view users comments. |
Given the total cost (TC) as 20,000 + 6Q, the firm sells its output for a fixed price of Rs 18.5. The break-even quantity (Q) would be
A. | 1600 |
B. | 1800 |
C. | 2000 |
D. | 500 |
Option: A Explanation : Click on Discuss to view users comments. |
When AR is constant, MR is
A. | Equal to AR |
B. | Less than AR |
C. | More than AR |
D. | Equal to zero |
Option: A Explanation : Click on Discuss to view users comments. |
Price elasticity of demand provides
A. | A technical change in the goodwill of the firm |
B. | A measure of the responsiveness of the quantity demanded to changes in the price of the product, holding constant the values of all other variables in the demand function. |
C. | A technical change in the cost of product |
D. | Technical change in the value. |
Option: B Explanation : Click on Discuss to view users comments. |