Q121
Open questionNormal profit is called normal because
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Q122
Open questionSupply curve is
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Q123
Open questionA vertical supply curve parallel to the price axis implies that the elasticity of supply is
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Q124
Open questionWith which of the theories of wages, is the name of John Stuart Mill associated?
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Q125
Open questionIf a firm shuts down temporarily, it will incur loss equal to
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Q126
Open questionDuring a particular year, farmers experienced a dry weather. If all the other factors remain constant, farmers supply curve for wheat will shift
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Q127
Open questionThe supply of a commodity refers to
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Q128
Open questionEconomic rent can accrue to
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Q129
Open questionUnder perfect competition
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Q130
Open questionWhen supply of a commodity increases without change in price, it is called
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Q131
Open questionWhich cost increases continuously with the increase in production?
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Q132
Open questionA factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as
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Q133
Open questionA factor of production, whose supply is fixed in the short tun, may get additional earnings. These earnings are generally referred to as
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Q134
Open questionThe necessary condition for equilibrium position of a firm is
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Q135
Open questionIn May 2013, firm was supplying 500kg of sugar at market price of Rs.30/- per kg. During June 2013, firm's supply of sugar had decreased to 450kg at price of Rs.20/- per kg. These changes show that supply of sugar is
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Q136
Open questionWhich of the following cost curves is never U-shaped?
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Q137
Open questionThe classical theory explained interest as a reward for
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Q138
Open questionWhen a competitive firm achieves long run equilibrium, then,
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Q139
Open questionWhat best explains a shift in market supply curve to the right?
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Q140
Open questionTotal costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?
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