If a consumer, with a given income and price consumes three commodities x, y and z. His satisfaction will be maximum when:
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Market demand for any good is a function of the
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Price discrimination will always lead to
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The law of diminishing marginal utility was propounded by
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Which of the following statement(s) is/are not correctly?
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In perfect competition market, the firm will be
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Firms producing and selling a large variety of goods will generally follow:
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A budget line
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In which five year plan, the amount allocated for agriculture was the highest percentage in the total plan expenditure?
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Match
List-I with
List-II and select the correct answer:
| List-I |
List-II |
| a. Real cost |
1. Aggregate of accounting costs and implicit costs |
| b. Money cost |
2. Physical quantities of factors used in production |
| c. Opportunity Cost |
3. Monetary expenditure on inputs |
| d. Economic cost |
4. Sacrifice of alternative use of given resources |
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Marginal cost line intersects the average cost curve
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What kinds of actions can be taken to put the rivals at a disadvantageous position under oligopoly market?
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The elasticity of demand is on the basis of which of the following factor?
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One of the following is a feature of perfect market structure
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The fundamental economic problem being faced is one of
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If the individual firm's demand curve is coincident with the market demand curve then
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An isoquant is . . . . . . . . to an iso-cost line at an equilibrium point.
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The demand function is a statement of the relationship between
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The marginal cost is equal to the average variable cost when
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The total value of goods and services produced within the country during a year is called
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