Q.1
When total utility becomes maximum, then marginal utility will be
Q.2
Demand curve can be derived from
Q.3
In a typical demand schedule, quantity demanded
Q.4
The 'Diamond water' controversy is explained by
Q.5
Which statement relates to macroeconomics?
Q.6
The exception to law of demand is
Q.7
The upper portion of the kinked demand curve is relatively
Q.8
Price discrimination is not possible in case of
Q.9
A firm's average total cost of production is Rs.300 at 5 units of output and Rs.320 at 6 units of output. The marginal cost of producing the 6th unit is
Q.10
The various combination of goods that can be produced in any economy when it uses its available resources and technology efficiency are depicted by
Q.11
Rational decision making requires that
Q.12
Which of the following are sources of growth?
Q.13
The IC curve approach assumes
Q.14
A higher indifference curve shows
Q.15
In the case of two perfect substitutes, the indifference curve will be
Q.16
If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has
Q.17
Demand for intermediate consumption arises in
Q.18
Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal profit is Rs.25000. What will be the explicit cost of commodity X?
Q.19
When indifference curve is L shaped, then two goods will be
Q.20
A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?
Q.21
If the price of good A increases relative to the price of substitutes B and C, the demand for
Q.22
If income elasticity for a good is 2, then it is a
Q.23
If the income elasticity is greater than one, the commodity is
Q.24
If the demand for a good is inelastic, an increase in the price of the good will cause the total expenditure of the consumers of the good to
Q.25
All of the following are determinants of demand except
Q.26
When as a result of decrease in price of good, the total expenditure made on it decreases we say that price elasticity of demand is
Q.27
The structure of the cold drink industry in India is best described as
Q.28
The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of
Q.29
The kinked demand curve model of oligopoly assumes that
Q.30
One characteristic not typical of oligopolistic industry is
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