In which year was Nationalist Congress Party (NCP) founded? Options: 1) 1949 2) 1999 3) 1972 4) 1997
Answered 7 yr ago
bhavishya kumarCorrect Answer: 1999The NCP was formed on 25 May 1999, by Sharad Pawar, P. A. Sangma, and Tariq Anwar after they were expelled from the Indian National Congress (INC) on 20 May 1999, for disputing the right of Italian-born Sonia Gandhi to lead the party.&...Read more
The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called? Options: 1) Macroeconomics 2) Econometrics 3) Microeconomics 4) Heterodox Economics
Answered 7 yr agoCorrect Answer: Microeconomics...Read more
For a price taking firm, average revenue is ______ market price. Options: 1) half of 2) equal to 3) double of 4) less than
Answered 7 yr agoCorrect Answer: equal tothe marginal revenue for each unit sold is equal to the price, and the average revenue is also equal to the price, as every unit costs the same, so when you divide the total revenue by the number of units sold, you get the price. ...Read more