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Q401

Which among the following is not a property of indifference curves?

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Q402

Long run equilibrium price of a perfectly competitive firm is always

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Q403

Assertion (A): The imposition of a per unit tax causes the monopolist's average cost and marginal cost curves to shift up.
Reason (R): The per unit tax is like a variable cost.

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Q404

Classical writers could not resolve the 'water-diamond' paradox because they could not distinguish between

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Q405

A firm encountering economies of scale over some range of output will have a

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Q406

Statement (A): The isoquant curves are drawn convex to the origin due to the diminishing technical rate of substitution.
Statement (B): The lesser the convexity of the isoquant curve, the greater the possibility of the complementarity of the two inputs.

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Q407

When the demand curve is a rectangular hyperbola, a fall in the price of a commodity causes total expenditures on the commodity to

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Q408

Assertion (A): Utility will be maximized when the marginal units of expenditure in each direction bring the same increment of utility.
Reason (R): A consumer will try to maximize his utility.

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Q409

If the quantity of a commodity demanded remains unchanged as its price changes the coefficient of price elasticity of demand is

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Q410

A production possibility curve indicates the

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Q411

Which one of the following is represented by a rectangular hyperbola?

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Q412

The demand curve for a commodity is generally drawn on the assumption that

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Q413

The total transaction of various goods and services by a country in a span of one year from different countries of the world is called:

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Q414

Total utility of a commodity is measured by which price of that commodity?

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Q415

The first five year plan of India was based on

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Q416

The larger the co-efficient of price elasticity of demand for a product, the

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Q417

A change in the supply of a commodity along with same supply curve may occur due to

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Q418

With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is

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Q419

Match the following.

List-I	List-II
a. Increase in demand	1. Leftward shift of the demand curve
b. Extension of demand	2. Upward shift of the demand curve
c. Decrease in demand	3. Upward movement on the demand curve
d. Contraction of demand	4. Downward movement on the demand curve

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Q420

The following are the steps in designing the market driven distribution:
1. Know what customers want
2. Determine the costs
3. Review assumptions
4. Decide on the outlet
5. Compare alternatives
6. Implement changes
Select the right sequence of the steps:

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