info@avatto.com
+91-9920808017
31. If the firms under perfect competition have different costs, abnormal profits will be earned in the long run only by
Marginal firm
All the firms
Intramarginal firms
None of the firms
Your email address will not be published.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
32. As a consumer increases his consumption of a commodity, the total utility he derives from its consumption increases, but at a diminishing rate. This is
An economic law
A statement of fact
A hypothesis
None of the above
33. Which of the stages is a relevant range for a rational firm in the competitive situation in the following diagram?
Stage I
Stage II
Stage III
34. The indifference curve which is 'L' shaped represents
Perfect complementarity
Perfect substitutability
No substitutability
Non-complementarity
35. The point which shows the maximum marginal product in the total product curve represents
Expansion path
Producer's equilibrium
Least cost combination
Point of inflection
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