Search
.Management Sciences
A. In the short run rather than the long run
B. If factors of production are relatively immobile between industries
C. If there are very few producers
D. If it is easy to expand output
Related Mcqs:
- Which of the following will NOT cause a shift in the demand curve for compact discs ?
- A. A change in wealth B. A change in the price of compact discs C. A change in income. A change in the price of pre-recorded cassette tapes...
- A shift in aggregate supply is likely to ?
- A. Reduce the general price level and reduce national income B. Reduce the general price level and increase national income C. Increase the general price level and reduce national income D. Increase the general price level and increase national income...
- Profits are maximized when ?
- A. costs are minimized B. revenue is maximized C. average cost is less than average revenue D. marginal cost equals marginal revenue...
- According to the law of diminishing utility ?
- A. Utility is at a maximum with the first unit B. Increasing units of consumption increase the marginal utility C. Marginal product will fall as more units are consumed D. Total utility will rise at a falling rate as more units are consumed...
- A measurement showing how quantity demanded varies with income is the ?
- A. Price elasticity of demand B. Cross-price elasticity of demand C. budget elasticity of demand D. income elasticity of demand...
Recent Comments