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.Management Sciences
A. The price consumers are willing to pray for a unit
B. The cost of providing a unit
C. The profits made by a firm
D. The difference the price a consumer pays for an item and the price he/she is willing to pay
Related Mcqs:
- Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?
- A. An fall in demand B. An increase in supply C. improvements in production technology D. An increase in demand...
- Where a tax can be shifted, the incidence depends on ?
- A. Whether there is perfect or imperfect information B. elasticities of demand and supply C. how many producers there are: D. who is legally obliged to pay the tax...
- If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
- A. Private good B. merit good C. public good D. abundant good...
- Which of the following is the government most likely to subsidies ?
- A. Negative externalies B. Positive externalities C. Monopolies D. Oligopolies...
- A good example of a public good is ?
- A. public transport B. the national health service C. national defence D. rail transport...
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