Which of the following is NOT a factor to be considered in siting an industry in a particular area?
Access to raw material
Availability of recreational facilities
Market
Sources of power
Transport facilities
Correct answer is B
No explanation has been provided for this answer.
The amount of money required for the day-to-day running of a business is known as
Economics capital
Fixed capital
Paid-up capital
Reserve capital
Working capital
Correct answer is E
No explanation has been provided for this answer.
The excess profit made by a firm in a competitive market situation in the short-term is known as
Break even
Marginal profit
Net profit
Normal profit
Super normal profit
Correct answer is E
No explanation has been provided for this answer.
Bears
Brokers
Bulls
Jobbers
Stags
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true about average cost?
Fixed cost/quantity
Marginal + Fixed cost
Quantity × Fixed cost
Total cost/quantity
Total cost - fixed cost Quantity
Correct answer is D
No explanation has been provided for this answer.