Q601
Open questionShort-term regular variations related to the calendar or time of day is known as
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Economics
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Q602
Open questionMatch the items of List-II with the items of List-I and find the correct matching. The items relate to economies of scale/scope.
| List-I | List-II |
| a. Economies of scale | 1. Arise with lower average costs of manufacturing a product when two complementary products are produced by a single firm |
| b. Internal economies | 2. Mean lowering of costs of production by producing in bulk |
| c. External economies | 3. Arise when cost per unit depends on size of the firm |
| d. Economies of scope | 4. Arise when cost per unit depends on the size of the industry, not the firm |
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Q603
Open questionConsider the following statements
I. Money is stock while expenditure is flow
II. Money is stock while income is flow
III. Government debt is stock but interest payment is flow
IV. Credit by banks is flow and total deposits credit are stock
Which of the above statements are correct?
I. Money is stock while expenditure is flow
II. Money is stock while income is flow
III. Government debt is stock but interest payment is flow
IV. Credit by banks is flow and total deposits credit are stock
Which of the above statements are correct?
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Q604
Open questionWhich of the following goods is likely to have perfectly inelastic demand?
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Q605
Open questionWhich of the following statements are correct?
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Q606
Open questionWhich one of the following is NOT the pre-requisite of price discrimination?
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Q607
Open questionPenetrating pricing strategy is appropriate when
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Q608
Open questionWho proposed substitution effect of change in consumer's equilibrium?
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Q609
Open questionThe following are the two statements regarding concept of profit. Which of the statements being correct or incorrect.
Statement I Accounting profit is a surplus of total revenue over and above all paid-out costs, including both manufacturing and overhead expenses.
Statement II Economic or pure profit is a residual left after all contractual costs have been met, including the transfer costs of management, insurable risks, depreciation and payments to shareholders sufficient to maintain investment at its current level.
Statement I Accounting profit is a surplus of total revenue over and above all paid-out costs, including both manufacturing and overhead expenses.
Statement II Economic or pure profit is a residual left after all contractual costs have been met, including the transfer costs of management, insurable risks, depreciation and payments to shareholders sufficient to maintain investment at its current level.
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Q610
Open questionWhich of the following statement(s) is/are correct?
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Q611
Open questionProduction function is the relation of
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Q612
Open questionWhich of the following does not have a uniform elasticity of demand at all points?
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Q613
Open questionThe MC curve cuts AVC and ATC curves at
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Q614
Open questionA monopolist produces 14,000 units of output and charges Rs. 14 per unit. Its marginal revenue is Rs. 8, its marginal cost is Rs. 7 and rising, its average total cost is Rs. 10, and its average variable cost is Rs. 9. The monopolist should
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Q615
Open questionUnder perfect competition a firm will be in stable equilibrium in the long run if the price is equal to
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Q616
Open questionWhich of the following statement is incorrect?
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Q617
Open questionWhich of the following is a criticism of the theory of monopolistic competition?
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Q618
Open questionWhen the law of demand operates the demand curve
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Q619
Open questionAssertion (A) A perfectly competitive firm is not a market but is a price taker.
Reason (R) The firm is intereshed in deciding the level of output only.
Reason (R) The firm is intereshed in deciding the level of output only.
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Q620
Open questionWhich one of the following statement is true?
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