If the average total cost are Rs 54, average variable cost is Rs 36 and quantity produced is 2500 units, find the total fixed costs (in Rs) of the firm?
The _________ of a firm is a relationship between inputs used and output produced by the firm.
If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.
The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.
Unemployment that arises when there is a general downturn in business activity is known as
The law of demand states that
If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?
Which of the following is not an assumption of perfect competition?
If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?
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