NAT I General Science Economics With Answers

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NAT I General Science Economics

Sr. # Questions Answers Choice
1 In monopoly the number of firms is: One Three Two Unlimited
2 The other name of law of decreasing return is: Law of decreasing cost Law of increasing cost Law of constant cost Law of increasing returns
3 Average revenue is equal to: Price Marginal revenue Total revenue Average cost
4 When price falls supply: Expands Remains zero Contrasts Become fixed
5 Slope of demand curve is: Negative Zero Positive Fixed
6 Who is the writer of Wealth of Nation? Marshall Adam Smith Robbins Keynes
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