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Economics
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Q1221

A theory is-

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Q1222

Which of the following is termed as the remuneration for the organization?

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Q1223

Statement I The least-cost or optimal input combination of labour capital requires that the marginal revenue productivity ratio of the two inputs should be equal to their price ration.
Statement II In a hypothetical production function of the following from Q = L³ + 15L² + 10
Where Q = Quantity of the product and L = No. of variable input (labour) the marginal physical productivity of labour is L² + 15L + 10

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Q1224

By what name, the modern theory of interest is known?

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Q1225

Match the following.

List-I (Production functions)	List-II (Name of the shapes of returns to scale)
a. Q = 10.2K^0.19 L^0.88	1. Constant returns to scale
b. Q = 1.01L^0.75 K^0.25	2. Diminishing returns to scale
c. Q = 0.84L^0.63 K^0.3	3. Increasing returns to scale

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Q1226

Which of the following is a barrier to entry that typically results in a monopoly?

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Q1227

If a firm triples input and produces twice the output, then there are

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Q1228

In a demand schedule, quantity demanded

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Q1229

If in a year, the gross fiscal deficit of a Government is Rs. 3,00,000 crore, revenue deficit is Rs. 1,50,000 crore and interest payment are Rs. 80,000 crore, then the primary deficit of the Government in the year is:

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Q1230

Elasticity of demand measures the

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Q1231

The nature of unemployment in agriculture sector is

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Q1232

Short-run demand and total cost functions for a monopoly firm are as under:
Demand function : Q = 100 - 0.2 P
Price function : P = 500 - 5 Q
Cost function : TC = 50 + 20 Q + Q² Where Q = Total quantity of the product in physical units.
P = Price of the product per unit
TC = Total cost
What is the profit maximizing output of the pure monopoly firm?

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Q1233

Which of the following statement(s) is/are not correct?

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Q1234

In all forms of imperfect competition, the average revenue curve facing the individual slopes

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Q1235

A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand

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Q1236

"Economics is what Economists do" was stated by

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Q1237

Assuming that a firm's total revenue curve takes the form of a straight line which passes through the origin, we may deduce that

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Q1238

Which one is not a type of demand?

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Q1239

A commodity, the price of which has risen but is expected to become scarce, will present a demand curve

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Q1240

Giffen goods may be defined as those goods whose price effect is . . . . . . . . and income effect is . . . . . . . .

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