An isoquant lying above to the right of another represent...
An isoquant lying above to the right of another represents
A higher output level
Constant returns to scale
Over-capacity utilization
A lower output level
Correct answer is A
No explanation has been provided for this answer.
Which of the following is the most liquid asset? ...
A monopolist may enjoy abnormal profit only if its ...
Disequilibrium in the balance of payment means ...
The following constitute the criteria for identifying an economic system except? ...
The rate of increase in utility is ...
The total fixed cost curve is ...
The reduction of high fertility rate is a measure in population control designed to make the ...
The short-run average variable cost of a firm will rise owing to ...