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Question 1
Say’s law of market holds that
Question 2
Which market allow free entry and exit of firms?
Question 3
Using the following data, find out the marginal cost of the 6th unit of output
![](https://gradeup-question-images.grdp.co/liveData/PROJ8653/1509954584953741.png)
Question 4
Direct costs are also known as _______
Question 5
What will be the AFC of 2 units according to the table given below
![](https://gradeup-question-images.grdp.co/liveData/PROJ8653/1509954584196353.png)
Question 6
Calculate AFC of 3 units from the following data
![](https://gradeup-question-images.grdp.co/liveData/PROJ8653/1509954583441669.png)
Question 7
What is the total cost of production of 20 units, if fixed cost is Rs 5000 and variable cost is Rs 2/- ?
Question 8
What will be the TVC if we produce 2 units
![](https://gradeup-question-images.grdp.co/liveData/PROJ8653/1509954582538952.png)
Question 9
In Cobb-Douglas production function, two inputs are
Question 10
Innovation theory of entrepreneurship is propounded by
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