1) True
2) False
3) True
4) False
5) True
6) True
7) True
8) False
9) True
10) True
Say :- True/ False
1) There is unique solution in oligopoly market similar to other markets structure
2) Marginal cost is calculated by dividing total cost to output.
3) A change in total product resulting from a one unit change in the output at particular point of time is called marginal product.
4) Total fixed cost curve is a straight line horizontally
5) Utility is the power of commodity to satisfy human wants.
6) Mutual interdependence is the distinguishing features of Oligopoly market. 7) An isoquant is a curve that shows all possible efficient combinations of inputs that can yield equal level of output
8) Unemployment is a portion of the labor force that is without a job and not searches for work.
9) There is imperfect knowledge in the perfectly competitive market.
10) The Lowest level of output in business cycle is called recession
1 answer
1 answer