Which one of the following elasticities takes the average of prices and quantities:

Related MCQs

• Which of the following statements best describes the general form of a production function: (i) It is a purely technological relationship between quantities of input and quantities of output. (ii) It represents the technology of an organisation, sector of an economy. (iii) Prices of inputs or of the output do not enter into the production function. (iv) It is a flow concept describing the transformation of inputs into output per unitof time.
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• Commodities bought in larger quantities when income rises are called:
• At prices above the equilibrium price:
• Marginal costs and average variable costs are equal when
• Average revenue is :
• The average fixed cost is obtained by :
• Average Revenue curve under monopoly is :