The marginal utility theory is contributed by:
A) Marshall
B) David Ricardo
C) Adam Smith
D) Samuelson
Correct Answer:
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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
Q14: The addition to the total revenue by
Q15: Which cost is to be incurred by
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
Q20: Total Revenue is the maximum when Marginal
Q21: Market economy is also known as:
A)Socialist economy
B)Capitalist
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