If hiring an extra worker increases a brick making unit's output from 2000 to 2250 units per day, but the factory has to reduce the price of its brick from Rs 15 to Rs 14 per brick to sell the additional output, the marginal revenue product of the last worker is
1). Rs 1500
2). Rs 250
3). Rs 3000
4). Rs 100
2. When a competitive firm achieves long run equilibrium, then,
6. In case of inferior goods, the income elasticity is
7. Which one of the following is the condition of equilibrium for the monopolist?
8. Total utility of a commodity is measured by which price of that commodity?
9. When there is only one buyer and one seller of product, it is called _____ situation.
10. Question 20:Differentiate the six systems of Indian medicine.