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.Management Sciences
A. Enable abnormal profits to be made in the long run
B. Enable losses to be made in the long run
C. Enable abnormal profits to be made in the short run only
D. Occur in perfect competition
Related Mcqs:
- According the law of diminishing returns ?
- A. The marginal product fall as more units of a variable factor are added to a fixed factor B. Marginal utility falls as more unity of a product are consumed C. The total product falls as more units of a variable factor are added to a fixed factor D. The marginal product increases as more … According the law of diminishing returns ?Read More...
- Friedman’s theory of consumption focuses on ?
- A. Past income B. Current income C. Disposable income D. permanent income...
- The law of diminishing returns assumes ?
- A. There are no fixed factors of production B. There are no variable factors of production C. Utility is maximised when marginal product falls D. Some factors of production are fixed...
- The marginal propensity to consume is equal to ?
- A. Total spending / total consumption B. Total consumption / total income C. change in consumption / change in income D. Change in consumption / change in savings...
- History is often NOT considered a social science because_______________?
- A. its primary concern is to record events of the past B. historians do not use computers C. it does not study people D. it is not based on evidence...
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