MCQ
Gross state domestic product is
- ✓GSDP
- BMMR
- CGDP
- DIMF
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
| a) | AFC | 1) | AFC + AVC |
| b) | AVC | 2) | TFC + TVC |
| c) | ATC | 3) | TFC / Q |
| d) | TC | 4) | TVC / Q |
| a) | $MRS \times Y$ | 1) | TU-(P xx Q) |
| b) | $e_p$ | 2) | $\frac{\Delta Y }{\Delta X }$ |
| c) | Consumer's surplus | 3) | $\frac{ MU _{ A }}{ P _{ A }}=\frac{ MU _{ O }}{ P _{ O }}$ |
| d) | K | 4) | $\frac{\Delta Q }{\Delta P } \times \frac{ P }{ Q }$ |
| a) | $e_p=\alpha$ | Horizontal demand curve |
| b) | $e_p=0$ | Vertical demand curve |
| c) | $e_p<1$ | Rectangular hyperbola |
| d) | $e_p>1$ | Flatter demand curve |
| a) | Gross profit | 1) | Total revenue - Total cost | |
| b) | Net profi | 2) | Gross profit - Implicit cost | |
| c) | Normal profit | 3) | Minimum expected return | |
| d) | Super normal profit | 4) | Actual profit - Normal profit | |