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Economics
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Q321

A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?

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Q322

If the price of good A increases relative to the price of substitutes B and C, the demand for

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Q323

If income elasticity for a good is 2, then it is a

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Q324

Lesser production of ____ would lead to lesser production in future.

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Q325

In perfect competition, the firm's _____ above AVC has the identical shape of the firm's supply curve

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Q326

Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal profit is Rs.25000. What will be the explicit cost of commodity X?

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Q327

When indifference curve is L shaped, then two goods will be

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Q328

One characteristic not typical of oligopolistic industry is

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Q329

In case of inferior goods, the income elasticity is

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Q330

If all inputs are trebled and the resultant output is doubled, this is a case of

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Q331

Demand curve can be derived from

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Q332

The exception to law of demand is

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Q333

The upper portion of the kinked demand curve is relatively

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Q334

Price discrimination is not possible in case of

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Q335

If the income elasticity is greater than one, the commodity is

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Q336

The 'Diamond water' controversy is explained by

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Q337

Which of the following are sources of growth?

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Q338

The IC curve approach assumes

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Q339

A higher indifference curve shows

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Q340

In the case of two perfect substitutes, the indifference curve will be

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