How are decisions about production made in a market economy ?

Related Mcqs:

In Price discrimination abnormal profits are made if ?

A. Average revenue is greater than average variable cost B. Average revenue is greater than average cost C. Average revenue is greater than marginal revenue D. Average revenue is greater than average fixed cost...

Keynes suggested that decisions to consume and save were based on ?

A. previous decisions B. absolute income C. relative income D. permanent income...

Barriers to entry ?

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...

Disposable income is the part of households income left after the deduction of ?

A. income tax and social security payments B. taxes and the addition of benefits C. income tax D. contractual payments such as pensions and mortgages...

Which of the following is NOT an example of a subject investigated by social scientists ?

A. The functioning of supply and demand B. Case study of an urban gay community C. The interaction of various drugs in humans D. The course of population growth and decline...