Question : The price line is equivalent to:
Option 1: Budget line
Option 2: Iso-cost line
Option 3: MR Curve under perfect competition
Option 4: PPC curve
Correct Answer: Budget line
Solution : The price line is equivalent to the budget line. The budget line is also referred to as the price line, the price opportunity line, and the consumption possibility curve.
Hence ,the correct option is 1.
Question : Which of the following cost curve is never 'U' shaped?
Question : ______shows a variety of combinations of these two products that provide the same level of satisfaction:-
Question : Extreme forms of the market are
Question : The market rate of exchange also reveals information about the _____.
Question : In which of the following market forms, a firm does not exercise control over price?
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