Fundamentals of Economics MCQs and Notes
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Q 31. Cash Money is created by the _________________
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Q 32. ________ refers to the market situations whether there is one seller and there is not close substitute to the commodity sold by the seller.
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Q 33. In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.
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Q 34. Pricing for selling the same commodity at different selling prices is known as ______
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Q 35. Which of the following does not characterize monopolistic competition?
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Q 36. Total input is maximum when _____________
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Q 37. On the basis of area, markets are classified into _________ types.
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Q 38. ________ refers to the quantity of a commodity which a firm is willing to produce and offer for sale.
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Q 39. __________ cost remains constant even if production is stopped.
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Q 40. A Production Function refers to ________________
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