Question

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Q.1. A. Give the Economic term. 1. Cost incurred per unit of output. 2. Net addition made to total cost of production. 3. The market where there are few sellers.  4. The point where demand and supply curve intersect. 5. Charging different prices to different consumers for the same product or services. 6. Revenue per unit of output sold.​

Answer 1

Answer:

1.) A basic requirement for facilities production and distribution of goods and services for the economic development .

2.) The cost per unit is derived from the variable costs and fixed costs incurred by a production process of no .of units produced.

Explanation:

3.) This typically happens for inputs where numerous supplies are completely to sell their products to a small number of ( often large and powerful ) buyers .

It contractes with an Oligopoly , where there are many buyer but few seller . Oligopsony