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Economics
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Q1381

The demand has the elements of quantity, price and time.

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Q1382

When the price-elasticity of demand is unity, the marginal revenue would be

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Q1383

Cobb Douglas production function as X = b₀, Ib₁, Kb₂ which of the following is correct?

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Q1384

The relationship between rate of inputs of productive services and the rate of output is known as:

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Q1385

Match List-I with List-II and select the correct answer.

List-I	List-II
a. Offer curve	1. Market segmentation
b. Laffer curve	2. Sticky price
c. Lorenz curve	3. Reciprocal demand
d. Kinked curve	4. Inequalities
	5. Public revenue

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Q1386

The total effect of a price change of a commodity is

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Q1387

Malthusian theory of population is based on:

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Q1388

Income elasticity of demand for good 'X' is greater than zero but less than 1, so commodity 'X' is

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Q1389

Business Economics is a subject which

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Q1390

At a point of satiety for a commodity, the marginal utility is

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Q1391

Operation generated forecasts often not to do with

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Q1392

When total utility is maximum, then marginal utility is

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Q1393

A perfectly competitive firm maximizes its profit by producing output at which its marginal cost equals its

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Q1394

When labour is plotted on X-axis and capital is plotted on Y-axis and an isoquant is prepared, then which of the following statement(s) is/are false?
1. Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant.
2. Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour.
3. Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.

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Q1395

Match the items of List-I with those of List-II

List-I	List-II
a. Substitute goods	1. Negative cross elasticity
b. Complementary goods	2. Low price elasticity
c. Giffen goods	3. Positive cross elasticity
d. High-income group	4. Positive price elasticity

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Q1396

Globalization is the term used to describe process of removal of restriction on which one of the following?

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Q1397

In the long run, the cost and output relationship depends on:

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Q1398

The basic characteristic of a capitalistic economy is

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Q1399

The production function Y = LK is

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Q1400

Demand must have the elements

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