Which one of the following is an example of close substitute:
A) Tea and Coffee
B) Milk and water
C) Bread and Butter
D) Pen and pencil
Correct Answer:
Verified
Q1: The Wealth of Nations is the work
Q2: Indifference Approach is related with:
A)Marshall
B)J.R. Hicks
C)Samuelson
D)Sismondi
Q4: The addition to the total revenue by
Q5: Which cost is to be incurred by
Q6: The marginal utility theory is contributed by:
A)Marshall
B)David
Q7: The factor earning of entrepreneur is:
A)Rent
B)Wage
C)Interest
D)Profit
Q8: The Scarcity definition of Economics is the
Q9: Average Revenue is equal to:
A)Price
B)Cost
C)Profit
D)None of these
Q10: Total Revenue is the maximum when Marginal
Q11: Market economy is also known as:
A)Socialist economy
B)Capitalist
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents