GM Statistics

1. Personal income includes

2. The marginal cost curve always intersects the averages cost curve at

3. The shape of AR and MR under perfect competition is

4. During a year aggregate value of produced goods and services of a country is called

5. A monopolistically competitive firm in the long run equilibrium

6. The market structure in which strategic considerations are most important is

7. If total expenditure decreases with the rise in price elasticity of demand will be

8. The quality of a commodity that satisfies human wants

9. How many methods can be used for cultivation?

10. A monopolistically competitive firm in short run equilibrium

11. A market is said to be in equilibrium when

12. The reward for labour is

13. The supply of land is

14. The reward for capital is called

15. Macro Economics was introduced by

16. As more of a good is consumed, then total utility typically

17. The supply of perishable goods is

18. Income elasticity shows the relationship between

19. Due to devaluation exports become

20. If pen and ink are complements, then an increase in the price of the pen will cause