20 questions in Production & Consumptions - HI MCQ!

The expenses leading to the increment in production capacity are which type of expenses?

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What does the Lorenz curve indicate?

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What is Gini coefficient used for?

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The ‘transformation curve’ is also known as the?

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Pricing Policy of Minimum support price follows which approach?

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_____ refers to money that has already been spent and which cannot be recovered?

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A market structure which is dominated by only a small number of firms is called?

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When the output is equal to zero, the variable cost is ______?

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A marketplace in which a final goods or service is bought and sold is called ___?

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Which economist gave the theory of Opportunity cost?

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