Entrepreneurs will have no tendency to expand or contract output and employment when

Related MCQs

• By representing amounts of proceeds by all entrepreneurs along the Y axis and volumes of employment along the X-axis, we can draw--------curves.
• 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:
• In classical theory of employment, there is the possibility of:
• The idea that a general cut in wages will finally lead to a state of full employment was suggested by :
• In classical system which of the following keeps the economy at full employment:
• Employment equilibrium in the Classical theory is achieved through:
• In Classical theory of employment, there is the possibility of:
• In which of the following situations will an increase in the money supply have no effect upon output?
• A firm encountering economies of scale over some range of output will have a:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit