Question
How many costs exist in the short-run?
  1. 1.
  2. 3.
  3. 2.
  4. 7.

Answer

  1. 3.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

Which one of the following is not an assumption of the theory of demand PIE based on analysis of indifference curve?
  1. Given scale of preferences as between different combinations of two goods.
  2. Diminishing marginal rate of substitution.
  3. Constant marginal utility of money.
  4. Consumers would always prefer more of a particular piece of goods to less of it, other things remaining the same.
What is the impact of deficient demand on production and employment?
  1. Increase.
  2. Decrease.
  3. Remains constant.
  4. None of them.
The claim that other things being equal, the quantity supplied of a good rises when the price of good rises and vice-versa is known as:
  1. Law of Economics.
  2. Law of Supply.
  3. Law of Demand.
  4. All of these.
Reduction in the value of domestic currency by the government is called ______.
  1. depreciation.
  2. revaluation.
  3. devaluation.
  4. appreciation.
Under monopoly, monopolist tries to increase his profits by restricting supply of his product and fixing:
  1. Low price.
  2. High price.
  3. Market price.
  4. All of these.
When both demand and supply increases in the same proportion then equilibrium price will:
  1. Remain the same.
  2. Rise.
  3. Fall.
  4. None of the above.
What happens to MU when TU is maximum and constant?
  1. MU becomes zero.
  2. MU becomes negative.
  3. MU declines.
  4. MU remains same.
Scholarship is an example of:
  1. Grant.
  2. Transfer payment.
  3. Subsidies.
  4. Capital formation.
Goods purchased for the following purpose are final goods:
  1. For satisfaction of wants.
  2. For investment in firm.
  3. Both (a) and (b).
  4. None of the above.
Aggregate Supply = Consumption + _______
  1. Supply.
  2. Investment.
  3. Saving.
  4. Expenditure.