The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to
Q. The term 'normal profit' as used in the analysis of equilibrium of the firm…
2 years ago
Demand and Supply MCQs
According to Joseph Schumpeter, profit is the reward for
Q. According to Joseph Schumpeter, profit is the reward for: Innovation Uncertainty-bearingRisk-taking Management Answer: Innovation
2 years ago
Who argued that pure profit can arise only in a dynamic economy?
Q. Who argued that pure profit can arise only in a dynamic economy? F.H. Knight J.B.…
2 years ago
The classical theory explained interest as a reward for
Q. The classical theory explained interest as a reward for: A. Parting with liquidity B. …
2 years ago
The demand for liquidity preference is governed by
Q. The demand for liquidity preference is governed by: A. Transaction motives B. Precautionary motives…
2 years ago
On which of the following does the demand for money for speculative motive mainly depend?
Q. On which of the following does the demand for money for speculative motive mainly…
2 years ago
Which of the following purposes normally does not give rise to the demand for loan able funds?
Q. Which of the following purposes normally does not give rise to the demand…
2 years ago
A factor of production, whose supply is fixed in the short run, may get additional earnings. These earnings are generally referred to as
Q. A factor of production, whose supply is fixed in the short run, may…
2 years ago
Which of the following factors forms the basis of the Loan able Funds Theory of Interest?
Q. Which of the following factors forms the basis of the Loan able Funds…
2 years ago
In the context of the firm as a whole, quasi-rent is defined as the excess of the total receipts over the total
Q. In the context of the firm as a whole, quasi-rent is defined as the…
2 years ago