Economics Past Questions and Answers

The concentration of industries in a particular geographical area is

\(\begin{array}{c|c} \text{Units of quantity} & \text{Total utility} & \text{Marginal utility} \\ \hline 0 & - & - \\ \hline 1 & 10 & 10 \\ \hline 2 & 15 & 5 \\ \hline 3 & 17 & 2 \\ \hline 4 & 18 & 1 \\ \hline 5 & 18 & 0 \\ \end{array}\) The table illustrate the law of

All the following are the canons of taxation given by Adam Smith except

Census can be classified as

A firm that charges the maximum price without attracting competition from new entrants is