Q421
Open questionEquilibrium of monopolist will never lie below the middle point of the average revenue curve because below the middle point
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Managerial Economics
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Q422
Open question"The concept of marginal utility is useful for explaining diamond-water Paradox". This statement is
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Q423
Open questionAll the points on a budget line represent
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Q424
Open questionIn perfectly competitive market
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Q425
Open questionThe equilibrium level of output for the pure monopolist is where
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Q426
Open questionThe Law of variable proportions comes into being when
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Q427
Open questionPrice discrimination is possible
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Q428
Open questionWhich one of the followingis not covered in macro economics?
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Q429
Open questionMatch the following.
| List-I | List-II |
| a. Cardinal approach | 1. Marginal utility |
| b. Ordinal approach | 2. Revealed preference theory |
| c. Hicks-Allen approach | 3. Indifference curve |
| d. Consumers surplus | 4. Alfred Marshall |
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Q430
Open questionThe Revealed Preference Theory was formulated by
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Q431
Open questionOther things being equal, an increase in supply can be caused by
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Q432
Open questionUnder competitive conditions, the industry will be in equilibrium
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Q433
Open questionIf indifference curve has a positive slope, it means
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Q434
Open questionPrice elasticity is computed by
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Q435
Open questionGiven:
NNP at Factor Cost = Rs. 15,560
Transfer Payment by Govt. = Rs. 240
Net donation (private) = Rs. 30
Interest on National Loan = Rs. 170
Income from Domestic Production = Rs. 140
The private income will be:
NNP at Factor Cost = Rs. 15,560
Transfer Payment by Govt. = Rs. 240
Net donation (private) = Rs. 30
Interest on National Loan = Rs. 170
Income from Domestic Production = Rs. 140
The private income will be:
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Q436
Open questionPut into chronological order on the basis of development:
1. Law of demand
2. Law of indifference
3. Law of diminishing marginal utility
4. Revealed preference curve
5. Indifference curve
1. Law of demand
2. Law of indifference
3. Law of diminishing marginal utility
4. Revealed preference curve
5. Indifference curve
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Q437
Open questionNormal profits are considered as
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Q438
Open questionThe total utility is maximum when
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Q439
Open questionIf AR curve is a falling straight line, MR curve will lie below it in such a way that any line drawn from a point from Y-axis parallel to X-axis to meet the AR curve is intersected by the MR curve
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Q440
Open questionDemand policies targeted to reduce the unemployment become ineffective in presence of the following.
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