1. rightful(a) or false: Economic conundrum would not arise if resources do not have choice uses.
2. True or false: Robinson Cruso has unlimited land and subjective resources to produce whatever he requires, thus he does not face every economic problem.
3. Positive or prescriptive statement: Minimum wages cause unemployment.
4. Positive or normative statement: The government should lower income tax rate.
5. True or false: The impregnable exists only to maximize profits.
6. stooge you give example of any connection earning profits as per the surmise of risk bearing
7. Can you give any example of a company earning profits as per the theory of monopoly
8. Can you give any example of a company earning profits as per the theory of Innovation
9. True or false: Can economic profits be high than accounting profits?
10. Classify between micro(m) and macro(M) variables: per capita consumption, Satyams last to reduce the workforce, Govts decision to allow private welkin in power, Tata Motors incurring loss of Rs. 1300 crores.
11. The evaluate of a inviolable is equal to:
a.| the present value of tangible assets.|
b.| the present value of all future revenues.|
c.| the present value of all future cash flows.|
d.
| current revenues less current personifys.|
12. The value of the firm decreases with a decrease in:
a.| total revenue.|
b.| the discount rate.|
c.| the cost of capital.|
d.| total cost.|
13. If two services provide the same make sense of satisfaction or utility, the consumer is said to display:
a.| constant fringy utility.|
b.| indifference.|
c.| cardinal utility.|
d.| ordinal utility.|
14. A utility function is:
a.| additive, by definition.|
b.| a descriptive statement that relates satisfaction or offbeat to the consumption of goods and services.|
c.| multiplicative, by definition.|
d.| can be neither additive nor...If you want to get a full essay, order it on our website: Orderessay
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