MCQ
Average variable cost is _______
- ATFC / Q
- ✓TVC / Q
- CTC / Q
- DNone
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| a) | TRYSEM | 1989 |
| b) | Bharat Nirman Yojana | 2001 |
| c) | Indira Aw as Yojana | 1988-89 |
| d) | National Food Security Scheme | 2013 |
| a) | Natural monopoly | Nickel (Canada) | |
| b) | Artificial monopoly | Gold mines (Africa) | |
| c) | Legal monopoly | Patent right | |
| d) | State monopoly | Railways (India) | |
| a) | Gross profit | 1) | Total revenue - Total cost | |
| b) | Net profi | 2) | Gross profit - Implicit cost | |
| c) | Normal profit | 3) | Minimum expected return | |
| d) | Super normal profit | 4) | Actual profit - Normal profit | |