The cost elasticity of supply is a useful instrument for ...
The cost elasticity of supply is a useful instrument for measuring
Profit
Productivity
National income
Price index
Correct answer is B
The price/cost elasticity of supply measures the degree to which a change in price would affect the quantity of goods the producer is willing to produce and supply.
When a variable is associated with time period, it is ...
In economics, production is complete when ...
In modern economies, the Malthusian theory of population is ineffective because of ...
The main objective of WTO is to ...
It is necessary to estimate the national income of a country because it ...
The power of trade union may be weakened when there is ...
The investment expenditure of an economy changes by N2 million and MPC is 0.75 The multiplier is ...
In a textile factory, the cost of cotton used is a typical example of ...