Q1581
Open questionConsumers are likely to get maximum variety of goods under
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Q1582
Open questionWhen the law of demand is in operation, then
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Q1583
Open questionThought of consumer saving was propounded by
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Q1584
Open questionThe types of law of origin are-
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Q1585
Open questionThe breakeven-point is defined as occurring at an output rate at which
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Q1586
Open questionConsider the following statements-
1. The increasing returns to scale imply that the marginal product of a variable factor will always increase.
2. The constant returns to scale imply that the marginal product of a variable factor will always diminish
3. Managerial diseconomies constitute an important cause of decreasing returns to scale
Which of these statements is/are correct?
1. The increasing returns to scale imply that the marginal product of a variable factor will always increase.
2. The constant returns to scale imply that the marginal product of a variable factor will always diminish
3. Managerial diseconomies constitute an important cause of decreasing returns to scale
Which of these statements is/are correct?
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Q1587
Open questionThe backward-bending supply curve for labour exists
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Q1588
Open questionMarket demand is
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Q1589
Open questionIf a demand for a product is said to be 'elastic', the value of the elasticity coefficient is
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Q1590
Open questionMatch the following.
| List-I | List-II |
| a. Science of wealth | 1. Marshall |
| b. Science of welfare | 2. Samuelson |
| c. Science dealing with scarcity | 3. Robbins |
| d. Science of growth | 4. Smith |
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Q1591
Open questionLiberalisation does not include:
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Q1592
Open questionWhich of the following reflects the sum of perceived tangible and intangible benefits and costs to a customer?
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Q1593
Open questionWhen the elasticity of demand is equal to one, then the marginal revenue will be
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