Profit is maximum when
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Excise tax is a part of
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Unemployment due to mechanization of agriculture is
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The labour force participation rate is the
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At the point of equilibrium of firm (under perfect competition)
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The shape of rectangular hyperbola is made by
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Unemployment of labour means that
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The human effort applied to the production of goods is called in economics
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Normal profit is
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As output increases
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Which of the following is a producer good?
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He described economics as a science of material welfare
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Economic profit is
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Unit cost is another name for
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Which statement relates to macroeconomics?
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Ceteris Paribus means
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A firm earns economic profit when total profit exceeds
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All inputs can be varied in
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Scarcity means
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Who is the 'father of economics'?
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