Short run marginal cost curve cuts the average variable cost curve from ............at the minimum point of average variable cost.

• top

• below

• right

• left

A commodity market has a ............. structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

• Perfect Competition

• Monopoly

• Oligopoly

• Monopolistic Competition

The short run average cost curve is ............. shaped.

• U

• V

• X

• W

'Foreign Jurisdiction' is listed in the ............. list given in the Seventh Schedule in the Constitution of India.

• Union

• State

• Global

• Concurrent

If the ........... firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

• Perfect Competition

• Monopoly

• Oligopoly

• Monopolistic Competition

The short run marginal cost cruve is ............. shaped.

• U

• V

• X

• W

__________ is the number of individuals of the population who left the habitat and gone elsewhere during the time period under consideration.

• Natality

• Mortality

• Immigration

• Emigration

The demand for an inferior good decrease with ....... in the consumer's income.

• increase

• decrease

• constant

• double

Goods for which the quantity that a consumer chooses, increases as the consumer's income increases and decreases as the income decreases are called?

• Inferior goods

• Normal goods

• Complementary goods

• Substitute goods

The demand for inferior good increases with ________ in the consumer's income.

• increase

• decrease

• constant

• double