Q581
Open questionFor the success of the penetration price policy, which one of the following is not desirable?
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Q582
Open questionWhich of the following is called Gossen's first law?
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Q583
Open questionWhen the economist speaks of an increase in demand, he is usually referring to a
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Q584
Open questionA perfectly competitive firm cannot earn super normal profit or incur losses in the long run due to which of the following reasons?
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Q585
Open questionFor most consumers apples and oranges are substitute goods. Therefore, we would expect a rise in the price of apples to lead to
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Q586
Open questionThere is no exceptions to the law of demand in the case of
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Q587
Open questionThe law of diminishing returns depend on the assumption that
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Q588
Open questionEntrepreneurship in relation to Indian industries is
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Q589
Open questionFor substitutes, cross-elasticity of demand is
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Q590
Open questionThe 'Principle of Equal pay for Equal work' is contained in which Article of the Indian Constitution?
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Q591
Open questionWhich is the most commonly accepted principle of business cycle?
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Q592
Open questionWhich of the following statements is correct?
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Q593
Open questionWhich of the following are features of utility?
1. Subjective in nature
2. Based on urgency of wants
3. Same as usefullness
4. Qualitative
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1. Subjective in nature
2. Based on urgency of wants
3. Same as usefullness
4. Qualitative
Select the correct answer
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Q594
Open questionWhich one of the following best describes best opportunity cost to society of building a new school?
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Q595
Open questionGiven below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer.
Assertion (A) There exists excess capacity of the production for the firms if these incur losses.
Reason (R) Their production level has to remain below their economic capacity level.
Assertion (A) There exists excess capacity of the production for the firms if these incur losses.
Reason (R) Their production level has to remain below their economic capacity level.
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Q596
Open questionThe cardinal utility made by Marshall-
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Q597
Open questionIn the longer period permitting adjustment, demand is likely to be
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Q598
Open questionIn case of two goods, following utility approach, a consumer is in equilibrium when
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Q599
Open questionDemand for furniture is a
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Q600
Open questionThe author of 'Economic Theory and Operations Analysis' is
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