Which of the following is true of a perfect market situation?
Price = AR = MC = AC
Price = DD = MC = AC
Price = AC = MC = AR
Price = AR = MR = DD
Price = MR but MR < AR
Correct answer is A
No explanation has been provided for this answer.
The professional that view cost in term of alternatives sacrificed is the
Accountant
Cashier
Economist
Manager
Tax collector
Correct answer is C
No explanation has been provided for this answer.
Which of the following is NOT a component of agriculture?
Crop farming
Drilling
Fishing
Forestry
Livestock farming
Correct answer is B
No explanation has been provided for this answer.
Data presented in a circular chart is known as
Circular chart
Component chart
Histogram
Pictograph
Pie chart
Correct answer is E
No explanation has been provided for this answer.
An economy is described as spend-rift if it
Does not concern itself with savings and investment
Has a great ability to generate foreign exchange from investment
Has greater opportunity to receive large income from investment
Invests in income generating industries
Has trade connection with other countries
Correct answer is A
No explanation has been provided for this answer.