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

Related MCQs

• Which of the following Elasticities measure movement along a curve, rather than a shift in the curve:
• 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:
• 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
• Wages and prices do not adjust quickly to restore general equilibrium is a property of
• At prices above the equilibrium price:
• Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
• The ________ method consists in deriving conclusions from general truths, takes few general principles and applies them draw conclusions.