Q661
Open questionUnder perfect competition a firm may earn supernormal profit in
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Q662
Open questionIn a planned economy the economic problem of what shall be produced is determined primarily by
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Q663
Open questionThe market demand curve for a perfectly competitive industry is QD = 12 - 2P; the market supply curve is QS = 3 + P. The market will be in equilibrium if
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Q664
Open questionDemand for electricity is elastic because
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Q665
Open question"Economics remains neutral to objectives". This is the statement
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Q666
Open questionThe price of compact disc players fell over the past decade due to the combination of improving technology and rising incomes. The falling prices of a compact disc caused the
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Q667
Open questionProduction function depends on
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Q668
Open questionManufacturing of T.V. sets and refrigerators and their pricing in India belong to which one of the following market structures?
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Q669
Open questionIn a monopoly, when abnormal profits are made
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Q670
Open questionAn unusually warm winter will
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Q671
Open questionNormal profits mean-
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Q672
Open questionThe law of diminishing marginal utility states that
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Q673
Open questionThe opportunity cost of retaining money is determined by
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Q674
Open questionIf two demand curves intersect, then at the point of intersection
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Q675
Open questionA prudent producer will produce at a point where the marginal producer
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Q676
Open questionIf NNPFC is Rs. 400 crore, indirect tax is Rs. 125 crore and the financial assistance is Rs. 25 crore, then NNPMP will be
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Q677
Open questionThe prime objective of economic activities is:
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Q678
Open questionThe kinked demand curve is reflected in a discontinuity in the
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Q679
Open questionWhich of the following is a reason for economic problem?
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Q680
Open questionWhich of the following is the best general definition of the study of economics?
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