Q1441
Open questionWhen the decrease in the price of one good causes the demand for another good to decrease, the goods are
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Q1442
Open questionWhat is the theory that opening a country to world markets given an opportunity to utilize unemployed and underemployed resources known as
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Q1443
Open questionThe consumer is said to be in equilibrium when he plans his expenditure on x, y and z commodities in such a way that he ultimately attains
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Q1444
Open questionOligopolistic firms making their price-output decisions keeping in view the current and possible future decisions of their rival firms, is an example of
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Q1445
Open questionA hypothesis is tested by
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Q1446
Open questionUnder which of the following situations, economies of scale exists to the potential and persists?
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Q1447
Open questionElasticity of demand is equal to unity while marginal revenue is
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Q1448
Open questionWhich one of the following does not explain the basic nature of business economics?
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Q1449
Open questionMatch the following.
| List-I | List-II |
| a. Excess of profit total revenue over total explicit cost | 1. Normal Profit |
| b. Total profit revenue equals total economic cost | 2. Economic Profit |
| c. Excess of total revenue over total of explicit and implicit costs and a normal rate of return | 3. Accounting Profit |
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Q1450
Open questionA firm in perfect competition will have long run equilibrium when
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Q1451
Open questionThe profit seeking monopolist operates at a level of output, where
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Q1452
Open questionMatch the following.
| List-I | List-II |
| a. Homogeneous product | 1. Perfect competition |
| b. Barriers to entry | 2. Monopoly |
| c. Differentiated product | 3. Oligopoly |
| d. Absence of close substitutes | 4. Monopolistic competition |
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Q1453
Open questionConsider two straight line demand curves NM and RS in the given figure.
Select the correct statement from amongst the following.
Select the correct statement from amongst the following.
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Q1454
Open questionWhat is the degree of elasticity of demand in case the demand is represented by a straight line parallel to the x-axis?
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Q1455
Open questionA rise in the price of a good causes producers to supply more of the good. This statement illustrates
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Q1456
Open questionThe tax burden on the seller in the market will be the highest when the goods?
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Q1457
Open questionA firm that produces highly substitute goods can adopt which one of the following pricing strategies?
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Q1458
Open questionDemand Schedule is shown as
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Q1459
Open questionAssume that the leading firms in an industry combine to carry out a common policy in their interests, but that they keep their own, separate identities. Such a combination is usually known as a
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Q1460
Open questionThe process of capital formation depends on
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