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.Management Sciences
A. expenditure set
B. isocost line.
C. budget constraint
D. isoquant
Related Mcqs:
- Which of the following is most likely to be a variable cost for a firm ?
- A. The franchiser’s fee that a restaurant must pay to the national restaurant chain B. The payroll taxes that are paid on employee wages. C. The monthly rent on office space that it leased for a year D. The interest payments made on loans....
- If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?
- A. normal profit is zero B. total costs exceed total revenue C. total costs exceed normal profit D. the firm is earning are economic profit...
- A graph showing all the combinations of capital and labor that can used to produce a given amount of output is ?
- A. an indifference curves. B. an isoquant. C. an isocost line D. a production functions...
- The formula for average variable cost (AVC) is ?
- A. DTVC/Dq B. q/TVC C. Dq/DTVC D. TVC/q...
- A form of industry structure characterized by a few firms, each large enough to influence market price is ?
- A. perfect competition B. monopolistic competition C. oligopoly D. monopoly...
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