Q.1
TC curve
Q.2
In which year, was the first volume of Das Capital by Karl Marx published?
Q.3
When marginal is negative, it must be true that
Q.4
All the following curves are U-shaped except
Q.5
Who is generally regarded as the founder of the 'Classical School'?
Q.6
Union leaders are in better position to bargain for higher wages if demand for labour is
Q.7
Economic problems arise because
Q.8
Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay's Tableu Economique published?
Q.9
According to Keynes, interest is a payment for
Q.10
According to Keynes, interest is a payment for
Q.11
If a good is a luxury, its income elasticity of demand is
Q.12
When ____, we know that the firms must be producing at the minimum point of the average cost curve and so there will be productive efficiency.
Q.13
Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering rasiing prices, it can expect a relatively
Q.14
The Critique of Political Economy, the first fruits of Karl Marx's long painstaking research at the British Museum, appeared in
Q.15
Interest is paid because
Q.16
The term 'marginal' in economics means
Q.17
Which of the following is not a characteristic of a 'price taker'?
Q.18
In monopolistic competition, a firm is in long run equilibrium
Q.19
The AR curve and industry demand curve are same in case of
Q.20
When the price of a substitute of X commodity falls, the demand for X
Q.21
The law of variable proportions come into being when
Q.22
The average profit is the difference between
Q.23
At the point of inflexion, the marginal product is
Q.24
A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is
Q.25
When ______, we know that the firms are earning just normal profits.
Q.26
Utility means
Q.27
Marginal utility is equal to average utility at that time when average utility is
Q.28
Excess capacity is not found under
Q.29
Marginal revenue will be negative if elasticity of demand is
Q.30
If lowering of fares reduces railway's revenues and increasing of fares increases, then the demand for rail travel has a price elasticity of
0 h : 0 m : 1 s