A firm's MR exceeds its MC, maximum profit rule requires that firm to:
A. Increase in output in both perfect and imperfect competition
B. Increase in perfect competition but not necessarily in imperfect competition
C. Increase in output in imperfect but not necessarily in perfect competition
D. Decrease in output in both perfect and imperfect competition
Solution by Mcqs Clouds
Answer: Option A
Explanation:
No explanation is available for this question!
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A. Income per worker
B. Income per head
C. Income per household
D. Income per industrial unit
If indirect taxes are deducted from NNP and subsidies are added, we achieve:
A. Personal savings
B. DPI
C. NI
D. Per capita income
Transfer payments are not included in national income because:
A. Such payments are made to persons living abroad
B. Double counting would result
C. They are illegal
D. There is no method to account for these
To determine the correct level of GNP, it is necessary to:
A. Add up the values of goods and services during one year
B. Add up all savings
C. Count all imports
D. Add up the value of semi finished goods
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