Q161
Open questionIn which case the elasticity shown by the different points of a curve is the same?
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Management · all questionsManagerial Economics
Managerial Economics
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Q162
Open questionMatch the following:
| a. Cardinal approach | 1. Marginal utility |
| b. Ordinal approach | 2. Alfred Marshall |
| c. Hicks-Allen approach | 3. J. R. Hicks |
| d. Consumer's surplus | 4. Indifference curve |
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Q163
Open questionCross elasticity of complementary goods is
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Q164
Open questionLaw of diminishing marginal utility states
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Q165
Open questionA cause of inflation is
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Q166
Open questionA perfectly competitive firm will always expand output as long as
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Q167
Open questionA monopolist will fix the equilibrium output of his product where the elasticity of his AR curve is
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Q168
Open questionThe economic analysis expects the con sumer to behave in a manner
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Q169
Open questionThe advertisement cost is included in
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Q170
Open questionMatch the following:
| List-I (Authors) | List-II (Statement) |
| a. Marshall | 1. The labour and capital of a country acting on its natural resources produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds. This is the true net annual income or revenue of the country or national dividend |
| b. Pigou | 2. National income is that part of objective income of the community including of course income derived from abroad which can be measured in money |
| c. Fisher | 3. The national dividend or income consists solely of services as received by ultimate consumers whether from their material or from their human environments. Thus, a Piano, or an overcoat made for me this year is not a part of this year's income, but an addition to the capital. Only the services rendered to me during this year by these things are income |
| d. T. F. Dernberg | 4. Gross domestic product at market price is defined as the market value of the output of final goods and services produced in the domestic territory of a country during an accounting year |
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Q171
Open questionWhich is correct statement about GNP?
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Q172
Open questionFrom the resource allocation view point, perfect competition is preferable because
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Q173
Open questionClark-Wicksteed product exhaustion theorem says that
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Q174
Open questionThe competition among buyers, each trying to get enough of the product to satisfy his wants tends to move
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Q175
Open questionDespite differences in cost of production the oligopolists win not vary the prices of their products as per which combination of the following models?
1. Collusion model
2. Cournot's model
3. Kinked Demand model
4. Price Leadership model
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1. Collusion model
2. Cournot's model
3. Kinked Demand model
4. Price Leadership model
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Q176
Open questionGiven that GNP at market prices = Rs. 1,92,866 crores, Consumption of fixed capital = Rs. 13,371 crores, Net factor income from abroad = Rs. 975 crores, the NDP at market prices will be
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Q177
Open questionThe case of a right angled indifference curve occurs when
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Q178
Open questionWhich of the following formula explains the term average revenue?
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Q179
Open questionOf the following, which one corresponds to fixed cost?
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Q180
Open questionEconomists who developed the indifference curve analysis are
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