MCQs: At the point of equilibrium of firm (under perfect competition):
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MCQs: Normal profit is:
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MCQs: Economic profit is:
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MCQs: A firm earns economic profit when total profit exceeds:
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MCQs: The basic goal of a firm is to:
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MCQs: A firm's MR exceeds its MC, maximum profit rule requires that firm to:
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MCQs: Union leaders are in a better position to bargain for higher wages if demand for labour is:
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MCQs: Sometimes the supply curve of labour ends:
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MCQs: In which form the largest percentage of national income is earned:
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MCQs: The minimum wage is an example of:
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MCQs: A firm maximizes profit if:
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MCQs: Who is unemployed:
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MCQs: Standard of living of workers depends upon their:
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MCQs: Doctors get higher wages than clerks because:
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MCQs: Under Marginal productivity Theory, reward for labour is determined by:
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MCQs: The economist Ricardo argued that prices were _____ because land rents were _______
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MCQs: As for the cost of production of an individual farmer, the rent paid by him:
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MCQs: He presented a theory of rent:
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MCQs: The following affect rent EXCEPT:
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MCQs: These are kinds of rent EXCEPT:
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