info@avatto.com
+91-9920808017
11. In perfect competition, there is a process of
Restricted entry and exit of the firms
Free entry and free exit of the firms
Free entry but the restricted exit of the firms
Semi-free exit but absolute free entry
Your email address will not be published. Required fields are marked *
Report
Name
Email
Website
Save my name, email, and website in this browser for the next time I comment.
Comment
12. 'The increasing returns to scale occurs because larger scale provides greater specialization to various factors' according to
Paul A. Samuelson
Alfred Marshall
Chamberlain
Joan Robinson
13. The change in TR resulting from the sale of one unit more of output means
AR from a given output
MR from a given output
MR from a given input
MR from MC
14. Price effect in indifference curve analysis arises
When the consumer becomes either better off or worse off because price change is not compensated by income change.
When the consumer is better off due to a change in income and price
When income and price change
None of the above
15. Marginal revenue will be positive if the elasticity of demand is
Equal to one
More than one
Less than one
Equal to zero
Login with Facebook
Login with Google
Forgot your password?
Lost your password? Please enter your email address. You will receive mail with link to set new password.
Back to login