Q1061
Open questionThe Adding Up Theorem under constant returns to scale holds when the factors of production are paid according to their
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Q1062
Open questionThe principle of distribution means:
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Q1063
Open questionAssertion (A) As the proportion of one variable factor in a combination with fixed factor is increased, after a point the marginal product of the factor will diminish.
Reason (R) Beyond the level of optimum combination of inputs leads to this.
Reason (R) Beyond the level of optimum combination of inputs leads to this.
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Q1064
Open questionIf a firm operates in a perfectly competitive market, then it will most likely
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Q1065
Open questionWhich of the following is false?
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Q1066
Open questionThe formula for calculating arc elasticity is
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Q1067
Open questionIn a two-input situation (K and L), if one of the inputs, say L, is available free of cost to a producer, then the factor price curve or the producer's budget curve is
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Q1068
Open questionThe demand curve is . . . . . . . . representation of a demand schedule, demand curve slopes . . . . . . . . ward from left to right.
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Q1069
Open questionQuasi-rent is related to
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Q1070
Open questionIn monopolistic competition, a firm is in long run equilibrium
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Q1071
Open questionThe demand for a product would be more inelastic
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Q1072
Open questionIndifference curves are usually:
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Q1073
Open questionThe competitive equilibrium leads to
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Q1074
Open questionWhich is the assumption of utility analysis?
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Q1075
Open questionFor profit maximisation of a firm following conditions should be fulfilled.
1. MC = MR.
2. Marginal cost curve cuts the average cost curve from below.
Which of the above said condition(s) is/are correct?
1. MC = MR.
2. Marginal cost curve cuts the average cost curve from below.
Which of the above said condition(s) is/are correct?
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Q1076
Open questionWhen the production decreases gradually due to continuous use of units of production factors
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Q1077
Open questionA concept, which has importance in the equilibrium analysis and thus economic analysis is
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Q1078
Open questionDegree of monopoly power, according to Learner is
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Q1079
Open questionMatch the following.
| List-I | List-II |
| a. Equilibrium price is the price where the | 1. Complimentary goods |
| b. Excess supply can be defined as | 2. Quantity demanded = Quantity supplied |
| c. Tea and sugar | 3. Quantity demanded - Quantity supplied |
| d. Excess demand can be defined as | 4. Quantity supplied - Quantity demanded |
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Q1080
Open question"Profits is the reward of risk" is the statement
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