According to Schumpeter the entrepreneur makes economic profit because
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Total cost is equal to the sum of
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The show of impact is a hindrance to the development of low-income countries. It affects
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The pricing strategy which adjusts the basic price to accommodate differences in customers, products and locations is called:
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According to Marshall, the basis of consumer surplus is
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Match the following.
| List-I |
List-II |
| a. Substitute goods |
1. Income effect is positive |
| b. Complementary goods |
2. Tea and coffee |
| c. Normal goods |
3. Car and petrol |
| d. Inferior goods |
4. Income effect is negative |
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A consumer shall be in equilibrium when he has consumed three more commodities, if
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In case of monopolistic equilibrium
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If the price of good Y increase and the price of good X remains the same and in such a situation the demand for X increases then
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Franchising is a practice of:
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After recession, comes
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The subject matter of economics is
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Marginal rate of technical substitution in production is the ratio of-
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Which of the following is not a type of market structure?
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In the following diagram, consumer's surplus is shown by

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A marginal firm is one which
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Which one of the following is not a function of the new issue market:
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Which one of the following is not an assumption of the theory of revealed preference developed by P. A. Samuelson?
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If a seller faces a demand curve p=16−sq1, then marginal revenue will be:
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In an indifference curve/budget line diagram, at consumer equilibrium, the slope of the budget line
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