Q861
Open questionThe price discrimination policy helps in increasing profits in the case of
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Q862
Open questionIf the consumer expects the price to be higher in the future
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Q863
Open questionAccording to the law of returns to factor, the third stage of production begins when
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Q864
Open questionFormula for price elasticity of demand is
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Q865
Open questionDemand for safety pins is
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Q866
Open questionWhen goods in a domestic market are sold at a high price and in the foreign market at a low price, it is a situation of
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Q867
Open questionWhen total utility increases, marginal utility is
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Q868
Open questionNormal profit is a part of
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Q869
Open questionHow can GNP be defined?
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Q870
Open questionA normal demand curve slopes down from left to right. This is based on the assumption that-
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Q871
Open questionIn perfect competition, when a firm is in short periods, for equilibrium, the following condition does apply
1. Marginal cost must equal marginal revenue.
2. Average cost must equal average revenue.
3. Marginal revenue must equal average revenue.
4. Marginal cost must equal average cost.
1. Marginal cost must equal marginal revenue.
2. Average cost must equal average revenue.
3. Marginal revenue must equal average revenue.
4. Marginal cost must equal average cost.
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Q872
Open questionMRTP ACT came into force on:
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Q873
Open questionWhich one of these is an exception to the law of demand?
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Q874
Open questionThe production possibility curve is based on
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Q875
Open questionThe statement that "economics is positive and not normative" means
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Q876
Open questionWhen supply of money declines, then price of goods:
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Q877
Open questionAs a consumer increases his consumption of a commodity, the total utility he derives from its consumption increases but at a diminishing rate. This is
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Q878
Open questionThe 'law of diminishing returns' can apply to a business only when:
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Q879
Open questionCardinal utility analysis of consumer's behaviour is based on which combination of the following assumptions:
I. Utility is measurable is terms of cardinal numbers
II. Constancy of the marginal utility of money
III. Utilities of different goods are interdependent
IV. Gossen's first law of consumption
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I. Utility is measurable is terms of cardinal numbers
II. Constancy of the marginal utility of money
III. Utilities of different goods are interdependent
IV. Gossen's first law of consumption
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Q880
Open questionPrice discrimination is profitable and possible if the two markets have
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