1.Market price = Factor cost______
A. + subsidy + indirect tax.
B. - subsidy - indirect tax.
C. - subsidy + indirect tax.
D. + subsidy - indirect tax.
2.Which of the following variables should be stabilised to promote investors confidence?
A.Export growth rate.
B.Net export.
C.Growth rate.
D.Crime rate.
3.Which of the following characteristic fits a perfect competitive firm?
A.The price is constant.
B.The marginal revenue decreases as output increases.
C.The marginal cost decreases as output increases.
D.It earns abnormal profit in the long run.
1.Market price = Factor cost- subsidy + indirect tax.
2.Which of the following variables should be stabilized to promote investors' confidence?
A.Export growth rate.
3.Which of the following characteristic fits a perfectly competitive firm?
B.The marginal revenue decreases as output increases.
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