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Economics
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Q1401

When the demand curve is a rectangular hyperbola, it represents

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Q1402

Which of the following curve is not of U shape?

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Q1403

If carrots and a good Y are substitutes, the relationship between the price of good Y and the quantity demand of carrots will be shown by a curve that will

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Q1404

Marginal cost is equal to marginal revenue, average cost is equal to average revenue, average revenue is equal to marginal revenue and average cost is equal to marginal cost. This is the condition of
1. long period equilibrium for a firm under monopoly
2. short period equilibrium for a firm under oligopoly
3. long period equilibrium
4. long period equilibrium for a firm under perfect competitions
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Q1405

If the demand is absolutely/perfectly inelastic, then the demand for the good increases by 15% in the price

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Q1406

In economics, 'the central economic problem' means that:

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Q1407

Which one of the following is a part of short term loan?

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Q1408

Maximization of firm's growth rate subject to managerial and financial constraints' as one of the important alternative objectives of especially large business corporation was pleaded by:

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Q1409

With reference to nominal wages, which of the following statement is/are correct?
1. It is received in money form
2. It is not received in money form
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Q1410

In the linearly homogeneous Cobb-Douglas production function with two inputs, the elasticity of substitution between the inputs is

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Q1411

Which of the following is not the primary objective of industrial relations and labour laws?

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Q1412

The idea of equilibrium firm is propounded by

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Q1413

Which one of the following is a feature of monopolistic competition?

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Q1414

Match the following.

List-I	List-II
a. Marginal utility	1. Hick and Allen
b. Indifference curve analysis	2. Alfred Marshall
c. Revealed preference hypothesis	3. Paul A. Samuelson

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Q1415

Which of the following industries is most likely to be monopolistically competitive?

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Q1416

Expansion in supply refers to a situation when the producers are willing to supply

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Q1417

The functional principal of business economics is

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Q1418

Quasi rent is

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Q1419

According to the rent principle of Ricardo, rent arises due to

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Q1420

A good, whose demand by a consumer falls with the rise in income of that consumer is called

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