Question
Which of the following is a second-order condition of
short-run equilibrium of firm under perfect competition?Solution
Slope of MR < Slope of MC, i.e., MC must be rising for profit maximization
In the following questions, out of the 4 alternatives, choose the alternative which best expresses the meaning of the idiom/phrases.
Turn over...
- In each of the following questions, an idiomatic expression or a proverb has been given in bold . Choose the option that best expresses its meaning.
Choose the correct replacement for the bold phrase.
Despite facing strong criticism, the minister refused to give away his position on the cont...
Once in a blue moon
Charley Horse
"Despite the challenges, Lisa managed to keep her chin up ."
Select the most appropriate meaning of the given idiom.
Hold your horses
In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
In each question below, a sentence is given with an idiom/phrase printed in bold type. That part may contain a grammatical error. Each sentence is follo...
The agent did a _______________ on me and took away my hard-earned money. I should have been more careful.
