Long-run does not have:

A fixed input is defined as ________.

In the long run, if a very small factory were to expand its scale of operations, it is likely that it would initially experience ________

Paul Douglas and Cobb studied the production function of the ________ manufacturing industries.

In its original form, the Cobb- Douglas production function applies:

The Macro Economics does not cover the area of __________.

Shyam : This year due to heavy rainfall my option crop was damaged
Krishna: Climates affects crop yields. Some years are bad, other are good
Hari: Don’t worry – Price increase will compensate for the fall in quantity supplied
Radhe: The Government ought to guarantee that our income will not fall.

In this conversation, the normative statement is made by

Business Economics enables appli-cation of economic logic and analytical tools to __________.

Who has given the law of Demand?

A Table which represents the different prices of a good and the corresponding quantity demanded per unit of time is called as ________.

The Demand Schedule depicts ________ relationship between price and quantity demanded

________ is a graphical pre-sentation of the ________.

All but one of the following are assumed to remain the same while drawing an individual’s demand curve for a commodity. Which one is it?

According to Behavioural Principles.

Time element was conceived by __________.

In very short period market:

In the long run:

A Firm should __________ if the total revenue from its product does not __________ its total valuable cost.

The expansion phase is characterized by high growth rate. What is the next phase after expansion?

Which of the following does not occur during an expansion?