Q1541
Open questionWhich is not a fixed cost?
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Q1542
Open questionWhen marginal utility is negative, then total utility
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Q1543
Open questionIncome elasticity of demand with respect to inferior goods will be:
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Q1544
Open questionThe Marshallian utility analysis is on the basis of a less valid assumption of
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Q1545
Open questionMatch the following theories of profit with their propounders
| Theory | Propounder |
| a. Profit as Rent of Ability | 1. F. B. Hawley |
| b. Dynamic Theory of Profit | 2. Joseph A. Schumpeter |
| c. Risk Theory of Profit | 3. J. B. Clark |
| d. Innovation Theory of Profit | 4. F. A. Walker |
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Q1546
Open questionThe average cost curve of a firm will be
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Q1547
Open questionThe essence of the deductive method which is often employed in economic investigation is
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Q1548
Open questionSuppose that output (Y) is a function of capital (K); then the capital-elasticity of output is given by
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Q1549
Open questionAccording to Schumpeter
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Q1550
Open questionThe demand for life-saving drugs is
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Q1551
Open questionThe law of diminishing returns refers to an eventual fall in
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Q1552
Open questionIndicate the most popular route of privatisation adopte by the Government of India in recent decades.
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Q1553
Open questionUnder monopoly, the supply curve is absent because
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Q1554
Open questionFor a very large population the ratio between SEx and σ is 8:40. The Sample size n will be
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Q1555
Open questionIf marginal utility is zero then
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Q1556
Open questionIndifference curve can be 'L' shaped
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Q1557
Open questionIn the very short run, plays a dominant role in price determination
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Q1558
Open questionThe demand curve, when the demand is perfectly elastic, is
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Q1559
Open questionMarginal cost is
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Q1560
Open questionConsider the following statements.
1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price.
4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output.
Which of the statement(s) given above is/are correct?
1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price.
4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output.
Which of the statement(s) given above is/are correct?
Select an option to see the answer and solution.