Choose the correct English translation of the given

Economics of scale means

Market with one buyer and one seller is called

The above curve is a

A movement along a demand curve indicates that a different quantity is being demanded

This movement is due to

In a typical demand schedule, quantity demanded varies

The increasing returns to scale occurs. because larger scale provides greater specialization to various factors" is a statement given by

Cross-selling means:

A high value of cross-elasticity indicates that the two commodities are

Which one of the following is not the function of a managerial economist?

From the resource allocation point of view, perfect competition is preferable because