The addition to the total revenue by the sale of an additional unit is:
A) Total revenue
B) Average revenue
C) Value added
D) Marginal revenue
Correct Answer:
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Q9: Strong ordering is a distinguishing feature of
Q10: Father of Economics:
A)Marshall
B)David Ricardo
C)Adam Smith
D)J.M. Keynes
Q11: The Wealth of Nations is the work
Q12: Indifference Approach is related with:
A)Marshall
B)J.R. Hicks
C)Samuelson
D)Sismondi
Q13: Which one of the following is an
Q15: Which cost is to be incurred by
Q16: The marginal utility theory is contributed by:
A)Marshall
B)David
Q17: The factor earning of entrepreneur is:
A)Rent
B)Wage
C)Interest
D)Profit
Q18: The Scarcity definition of Economics is the
Q19: Average Revenue is equal to:
A)Price
B)Cost
C)Profit
D)None of these
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