Indian Economy Questions

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

Calculate a country's GDP if for the year, consumer spending is $400 million, government spending is $150 million, investment by businesses is $80 million, exports are $35 million and imports are $40 million.

A price floor is _____.

Backward bending supply curve belongs to which market?

Goods for which demand move in the opposite direction of the income of the consumer are called?

The demand for a normal good decreases with ________ in the consumer's income.

__________ is defined as the output per unit of variable input

Which of the following best describes monetary policy?