Question 46

Price per tire changed from RO 40 to RO 60 and quantity demandfor vehicles changed from 7500 to 6000. What will be the crosselasticity demand?

Question 47

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The term microeconomics has been introduced by:Prof.Ragnar FrischAlfred MarshallAdam smithLeonel Robbins

Question 48

Identify the average fixed cost (AFC) if the output is 20 unitsand total fixed cost is RO 200: a80 b60 c20 d10

Question 49

In the short run when AL Mudhish Company planned to increase theoutput, which one of the following cost will also increase? a-Total variable cost b- Total fixed cost c-Average fixed cost d-None of the given options are correct

Question 50

Plastic, ink, steel and fiber are demanded for the production ofa pen. This demand is known as: a- Composite demand b-Deriveddemand c-Cross demand d- Joint demand