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Commerce · all questions

Economics
practice.

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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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