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Economics
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Q1101

The fixed costs of a firm
1. are fixed only in the short period.
2. when expressed as an average, do not change with output.
3. do not reflect diminishing marginal returns.
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Q1102

Which one of the following statement is correct?

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Q1103

Which of the following is necessary for a natural monopoly?

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Q1104

The industry supply curve under perfect competition (when revenue prices are constant and there are no external economies and diseconomies)

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Q1105

If it is assumed that there is no government or foreign sector and the marginal rate of consumption is 0.8, then the value of the multiplier will be

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Q1106

To calculate the elasticity of demand which of the following formula is used

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Q1107

When AR is constant, MR is

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Q1108

Profit is denoted with which of the following symbol?

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Q1109

If an increase in the price of blue jeans causes on increase in the demand for tennis shoes, then what types of goods are blue jeans and tennis shoes

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Q1110

If the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price, elasticity of demand is

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Q1111

The rule of Equimarginal utility is given below also known by many other names. Which of the following is a mismatch

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Q1112

A firm learns that the own-price elasticity of a product it manufacturers is 3.5. What is the correct action for the firm to take to raise its total revenue?

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Q1113

If P_x = P_y, then when the consumer maximises utility,

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Q1114

Match the following.

List-I (Types of Market Structures)	List-II (Methods of Marketing)
a. Perfect competition	1. Market exchange
b. Monopolistic competition	2. Competitive advertising
c. Oligopoly	3. Quality
d. Monopoly	4. Promotional advertising

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Q1115

Which of the following statement is/are correct?
1. When the percentage change in demand is greater than that of price, then demand is relatively inelastic.
2. When the demand remains unchanged at all price variation, it is perfectly inelastic.
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Q1116

In an oligopoly market, the kinked demand curve explains

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Q1117

Higher indifference curve shows:

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Q1118

For inferior commodities, income effect is

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Q1119

Elasticity of demand for electricity is:

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Q1120

A firm produces 2,00,000 units a year and sells all for Rs. 10 each. The explicit costs of production are Rs. 15,000 and the implicit costs of production are Rs. 3,00,000. The firm has an accounting profit of

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