There is no distinction between firm and industry in

Related MCQs

• Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
• There is ------- relationship between price and quantity supplied
• A firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers. Then the Average Product of the worker is --------
• When a firm doubles its inputs and finds that its output has more than doubled, this is known as:
• The major objective of a firm is
• The variable cost of a firm vary in direct proportion to the
• When there are only few sellers of the commodity, the market is called:
• The functional relationship between inputs and outputs is called
• Relation between price of a commodity and demand for another commodity is measured by:
• Supply curve represents -------- relationship between quantity and price