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Economics
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Q1281

Monopoly is based on-

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Q1282

The study of ups and down in economics is

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Q1283

A monopoly may determine

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Q1284

The best measure of economic development will be

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Q1285

Which of the following is correct?
(i) National income = gross national product - Depreciation
(ii) National income = Rent + Wages + Salary + interest + profit
(iii) Variable cost Average variable cost =

\frac{Variable cost}{Production}

Select your answer

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Q1286

According to the Kaldor-Hicks compensation criterion, a change in economic policy leads to an improvement in social welfare, if

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Q1287

In the case consumers equilibrium to be explained through an ordinal approach, when there are two commodities with their prices given and with limited income of the consumer, the following information is required:
I. Price line/budget line
II. Indifference map
III. Point of tangency between IC and budget line
IV. Equality of the slopes of IC and budget line
Arrange the information required in the correct sequence and choose the right option from those below

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Q1288

In a perfectly competitive market, a firm in the long run operates at the level of output where:

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Q1289

In case, law of constant returns is applicable,

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Q1290

Consider the following statements.
1. TV increases so long as MU is positive.
2. TU =

\sum

AU
3. When MU is negative, TV starts increasing.
Which of the statement(s) given above is/are correct?

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Q1291

Consider the following combinations of inputs and outputs-

Labour	Capital	Output
5	10	1
6	12	2
7	14	3
8	16	4
9	18	5
10	20	6

This production technology satisfies

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Q1292

The slope of an isoquant tells

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Q1293

The market equilibrium for a commodity is determined by

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Q1294

The economies and diseconomies of scale explain why the

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Q1295

If a change in the price of one of good causes a change in quantity demand, then the cross elasticity of demand between them is

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Q1296

Due to which of the following reason/s monopolistic firms incur advertisement cost.
1. Differentiate goods
2. Large number of sellers
3. Avoid price war
Select the correct answer

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Q1297

Match the following.

List-I	List-II
a. Fixed costs	1. Fall at first and then rise as the firm approaches full capacity
b. Variable costs	2. Continue to fall at rate proportionate with the increase in output
c. Total costs	3. Are those costs which do not increase as output increases
d. Average total costs	4. Are the amount paid to all the factors employed in producing the output
e. Average fixed costs	5. Are those costs which increase as output increase

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Q1298

"Each firm produces an identical product and there is freedom of entry and exit". This is true for which of the following market structures?

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Q1299

Assuming a downward-sloping demand curve and upward sloping supply curve, a higher equilibrium price may be caused by

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Q1300

Which one of the following is not helpful in increasing productivity?

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