Normal profits are considered as
A. | Social costs |
B. | Implicit costs |
C. | Explicit costs |
D. | Both (b) and (c) |
Option: D Explanation : Click on Discuss to view users comments. |
A profit-maximising monopolist in two separate markets will
A. | Always charge a higher price in the market where he sells less |
B. | Always charge a higher price in the market where he sells more |
C. | Charge the same price in both markets |
D. | Adjust his sales in the two markets so that his MR in each market just equals his aggregate marginal cost |
Option: D Explanation : Click on Discuss to view users comments. |
Increasing returns imply
A. | External economies |
B. | Diminishing cost per unit of output |
C. | Optimum use of capital and factor |
D. | Constant average cost |
Option: B Explanation : Click on Discuss to view users comments. |