Q1241
Open questionIn Cobb-Douglas production function, elasticity of factor substitution is equal to
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Q1242
Open questionMicroeconomics is known as-
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Q1243
Open questionAssertion (A) A monopoly firm's revenue curve is downward sloping from left to right.
Reason (R) The monopoly firm does not simultaneously enjoy the freedom to determine both price and quantity to be sold according to its whims and fancy.
Reason (R) The monopoly firm does not simultaneously enjoy the freedom to determine both price and quantity to be sold according to its whims and fancy.
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Q1244
Open questionIf there is perfect substitution between two factors of production the shape of isoquant is
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Q1245
Open questionThe slope of the consumer's indifference curve is
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Q1246
Open questionBreak-even point in units is given by
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Q1247
Open questionWho has given the concept of consumer surplus?
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Q1248
Open questionIf the supply curve is perfectly inelastic, the supply curve is
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Q1249
Open questionWhich of the following statement is incorrect?
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Q1250
Open questionIf two factors are perfect substitutes, the isoquant will be
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Q1251
Open questionMatch the items of List I with items of List II and indicate the correct matching.
| List-I | List-II |
| a. Non-price quantity relationships of demand | 1. Extension and contraction of demand |
| b. Income effect of a price rise greater than its substitution effect | 2. Ordinal utility approach |
| c. Transitivity and consistency of choices | 3. Increase and decrease in demand |
| d. Price quantity relationships of demand | 4. Giffen goods |
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Q1252
Open questionWhen does the problem of adverse balance of payments arise?
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Q1253
Open questionThe Kinked demand curve model of oligopoly was developed by
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Q1254
Open questionWhich of the following factor is not directly responsible for slowing down the growth of infrastructure?
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Q1255
Open questionIf the prices increase by 100% over the previous year and GNP is constant, it means that
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Q1256
Open questionOligopoly Competition is charecterised by
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Q1257
Open questionIf the income elasticity of demand is more than one unit, then the good is a
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Q1258
Open questionWhat is the objective while setting up a public sector undertaking?
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Q1259
Open questionIn a diagram below is shown the total product curve OA of labour. For it which of the following statements is true-
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Q1260
Open questionWhich of the following is a characteristic of pure monopoly?
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