Income is a ------- variable

Related MCQs

• If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
• A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:
• The saucer-type of modern Short run Average Variable Cost (SAVC) represents
• Which one in the following is a stock variable?
• Which one in the following is a flow variable?
• Which of the following is not a flow variable:
• Which of the following is not a stock variable:
• Variable costs are:
• 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: