Q981
Open questionWhen gross investment becomes zero, which of the following prevents national income from becoming zero?
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Q982
Open questionOn the maximum level of satisfaction of good X, the marginal utility of good X will be-
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Q983
Open questionBilloo currently spends Rs. 200 per month on long-distance telephone calls. If the telephone company decides to reduce the rate from Rs. 10 a minute to Rs. 5 a minute, then
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Q984
Open questionA firm producing a large number of products will follow the pricing strategy known as
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Q985
Open questionWhat is the full form of PDS?
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Q986
Open questionThe behaviour of Average total cost curve is jointly determined by:
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Q987
Open questionMatch the following.
| List-I | List-II |
| a. Utilitarian approach | 1. Marginal rate of substitution |
| b. Ordinal approach | 2. Budget line and indifference curve |
| c. Price consumption curve | 3. U = f(x, y) |
| d. Consumer equilibrium | 4. MRSxy = MRsyx |
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Q988
Open questionIn economics, distribution means
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Q989
Open questionWhich of the following is correct?
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Q990
Open questionMatch the following.
| List-I | List-II |
| a. Decrease in own price | 1. Contraction in demand |
| b. Unfavourable change in taste | 2. Extension in demand |
| c. Increase in own price | 3. Decrease in demand |
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Q991
Open questionPerfect competition is a market situation in which a number of firm sell similar goods and none of these firms is in a position to influence the market price.
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Q992
Open questionThis formula indicates to
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Q993
Open questionMatch the following.
| List-I (Concepts) | List-II (Features) |
| a. Utility | 1. MU tends to decline as consumption of the commodity increases |
| b. Total utility | 2. It is a want satisfying power of a good |
| c. Marginal utility | 3. Sum total of utility derived from the consumption of all the units of a commodity |
| d. Law of diminishing marginal utility | 4. Additional utility an account of the consumption of an additional unit of a commodity |
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Q994
Open questionGoods 'A' and 'B' are complementary goods. The cost of resources used in the production of A decreases. As a result,
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Q995
Open questionA fall in the price of a commodity leads to
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Q996
Open questionWhich of the following shapes of demand curve shows elasticity equal to unity at all points?
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Q997
Open questionWhich of the following best expresses the law of diminishing marginal utility?
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Q998
Open questionWhat is the increase in total cost due to production of the last unit of production called?
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Q999
Open questionWhen the income elasticity of demand is greater than unity, the commodity is
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Q1000
Open questionIn perfect competition in the long run there will be no
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