Imperfect competition was introduced by ����-
1.variable cost
2.Chamberlin
3.Keynes
4.None
Posted Date:-2022-01-04 15:48:44
Imperfect competition was introduced by ����-
1.variable cost
2.Chamberlin
3.Keynes
4.None
Posted Date:-2022-01-04 15:52:24
In cross elasticity of demand for unrelated goods the demand curve will be��-
1.Horizontal straight line
2.rectangular hyperbola
3.vertical line
4.none of the above
Posted Date:-2022-01-04 15:48:44
In cross elasticity of demand for unrelated goods the demand curve will be��-
1.Horizontal straight line
2.rectangular hyperbola
3.vertical line
4.none of the above
Posted Date:-2022-01-04 15:52:24
The short run is a time period in which ��-
1.all resources are fixed
2.the level of output is fixed
3.the size of the production plant is variable
4.some resources are fixed and others are variable
Posted Date:-2022-01-04 15:48:44
The short run is a time period in which ��-
1.all resources are fixed
2.the level of output is fixed
3.the size of the production plant is variable
4.some resources are fixed and others are variable
Posted Date:-2022-01-04 15:52:24
Which of the following are not related to factors of production(FOP)
1.land
2.capital
3.raw material
4.labour
Posted Date:-2022-01-04 15:48:44
Which of the following are not related to factors of production(FOP)
1.land
2.capital
3.raw material
4.labour
Posted Date:-2022-01-04 15:52:24
A distinguishing characteristic of monopolistic competition is ������
1.Large number of firms
2.Low entry barriers
3.product standardisation
4.product differentiation
Posted Date:-2022-01-04 15:48:44
A distinguishing characteristic of monopolistic competition is ������
1.Large number of firms
2.Low entry barriers
3.product standardisation
4.product differentiation
Posted Date:-2022-01-04 15:52:24
A graph showing all the combination of capital and labour available for a given total cost is the ��-
1.isoquant
2.budget constraint
3.isocost line
4.expenditure set
Posted Date:-2022-01-04 15:48:44
A graph showing all the combination of capital and labour available for a given total cost is the ��-
1.isoquant
2.budget constraint
3.isocost line
4.expenditure set
Posted Date:-2022-01-04 15:52:24
An LAC curve is not known as �����
1.Envelope curve
2.Planning curve
3.operating curve
4.plant curve
Posted Date:-2022-01-04 15:48:44
An LAC curve is not known as �����
1.Envelope curve
2.Planning curve
3.operating curve
4.plant curve
Posted Date:-2022-01-04 15:52:24
car and petrol are �- goods
1.substitutes
2.complementary
3.producers
4.None of the above
Posted Date:-2022-01-04 15:48:44
car and petrol are �- goods
1.substitutes
2.complementary
3.producers
4.None of the above
Posted Date:-2022-01-04 15:52:24
Cartel is a part of ������
1.Monopoly
2.Oligopoly
3.Duopoly
4.Perfect competition
Posted Date:-2022-01-04 15:48:44
Cartel is a part of ������
1.Monopoly
2.Oligopoly
3.Duopoly
4.Perfect competition
Posted Date:-2022-01-04 15:52:24
Cobb Douglas production function mainly studies ���
1.capital and labour
2.labour and expenditure
3.land and labour
4.land and capital
Posted Date:-2022-01-04 15:48:44
Cobb Douglas production function mainly studies ���
1.capital and labour
2.labour and expenditure
3.land and labour
4.land and capital
Posted Date:-2022-01-04 15:52:24
Concentration of monopoly is implemented under ������
1.FERA
2.MRTP
3.FEMA
4.None
Posted Date:-2022-01-04 15:48:44
Concentration of monopoly is implemented under ������
1.FERA
2.MRTP
3.FEMA
4.None
Posted Date:-2022-01-04 15:52:24
Gradual long term movement in time series data is called ���
1.Seasonal variation
2.cycles
3.trends
4.exponential variation
Posted Date:-2022-01-04 15:48:44
Gradual long term movement in time series data is called ���
1.Seasonal variation
2.cycles
3.trends
4.exponential variation
Posted Date:-2022-01-04 15:52:24
If firms can neither enter nor leave an industry the relevant time period is the ���
1.Short run
2.Intermediate run
3.Immediate run
4.none
Posted Date:-2022-01-04 15:48:44
If firms can neither enter nor leave an industry the relevant time period is the ���
1.Short run
2.Intermediate run
3.Immediate run
4.none
Posted Date:-2022-01-04 15:52:24
Implicit costs are ——-
1.equal to total fixed costs
2.comprised entirely of variable costs
3.payments for self-employed resources
4.always greater in the short run than in the long run
Posted Date:-2022-01-04 15:59:20
Implicit costs are ��-
1.equal to total fixed costs
2.comprised entirely of variable costs
4.always greater in the short run than in the long run
Posted Date:-2022-01-04 15:52:24
In case of monopoly a firm in the long run can have �����
1.Loss
2.Profit
3.Supernormal profit
4.All of the above
Posted Date:-2022-01-04 15:48:44
In case of monopoly a firm in the long run can have �����
1.Loss
2.Profit
3.Supernormal profit
4.All of the above
Posted Date:-2022-01-04 15:52:24
In perfect competition equilibrium is attained when ������
1.AR = AC
2.TR=TC
3.MR=MC
4.Q=P
Posted Date:-2022-01-04 15:48:44
In perfect competition equilibrium is attained when ������
1.AR = AC
2.TR=TC
3.MR=MC
4.Q=P
Posted Date:-2022-01-04 15:52:24
In sample survey method �� technique is adopted
1.deliberate
2.convenience
3.quota
4.random
Posted Date:-2022-01-04 15:48:44
In sample survey method �� technique is adopted
1.deliberate
2.convenience
3.quota
4.random
Posted Date:-2022-01-04 15:52:24
In the Law of variable proportion when TP is maximum then the MP = ��
1.MP = 1
2.MP<0
3.MP=0
4.MP>!
Posted Date:-2022-01-04 15:48:44
In the Law of variable proportion when TP is maximum then the MP = ��
1.MP = 1
2.MP<0
3.MP=0
4.MP>!
Posted Date:-2022-01-04 15:52:24
Inthe short run as economists use the phrase is characterised by ��-
1.all inputs being variable
2.a period where the law of diminishing return does no hold
3.at least one fixed factor of production and firms neither leaving nor entering the industry
4.no variable inputs
Posted Date:-2022-01-04 15:48:44
Inthe short run as economists use the phrase is characterised by ��-
1.all inputs being variable
2.a period where the law of diminishing return does no hold
3.at least one fixed factor of production and firms neither leaving nor entering the industry
4.no variable inputs
Posted Date:-2022-01-04 15:52:24
�- input factor is divided as skilled semiskilled unskilled
1.land
2.capital
3.Technology
4.labour
Posted Date:-2022-01-04 15:48:44
�- input factor is divided as skilled semiskilled unskilled
1.land
2.capital
3.Technology
4.labour
Posted Date:-2022-01-04 15:52:24
�- is the remuneration for organisation
1.rent
2.wages
3.interest
4.profit
Posted Date:-2022-01-04 15:48:44
�- is the remuneration for organisation
1.rent
2.wages
3.interest
4.profit
Posted Date:-2022-01-04 15:52:24
�� costs are business costs which do not involve any cash payments but for them a provision is made in accounts
1.private cost
2.social cost
3.accounting cost
4.book cost
Posted Date:-2022-01-04 15:48:44
�� costs are business costs which do not involve any cash payments but for them a provision is made in accounts
1.private cost
2.social cost
3.accounting cost
4.book cost
Posted Date:-2022-01-04 15:52:24
�� Economics views on reducing the production costs
1.internal
2.inventory
3.pecuniary
4.External
Posted Date:-2022-01-04 15:48:44
�� Economics views on reducing the production costs
1.internal
2.inventory
3.pecuniary
4.External
Posted Date:-2022-01-04 15:52:24
kinked demand curve is associated with ������
1.Cournot
2.Chamberlin
3.Edgeworth
4.Sweezy
Posted Date:-2022-01-04 15:48:44
kinked demand curve is associated with ������
1.Cournot
2.Chamberlin
3.Edgeworth
4.Sweezy
Posted Date:-2022-01-04 15:52:24
Marginal cost curve cuts the average cost curve �����
1.at the left of its lowest point
2.at its lowest point
3.at the right of its lowest point
4.at its highest point
Posted Date:-2022-01-04 15:48:44
Marginal cost curve cuts the average cost curve �����
1.at the left of its lowest point
2.at its lowest point
3.at the right of its lowest point
4.at its highest point
Posted Date:-2022-01-04 15:52:24
Marginal cost is defined as
1.change in total cost due to change in output
2.total cost divided by output
3.change in output due to a change in an input
4.total product divided by the quantity of input
Posted Date:-2022-01-04 15:48:44
Marginal cost is defined as
1.change in total cost due to change in output
2.total cost divided by output
3.change in output due to a change in an input
4.total product divided by the quantity of input
Posted Date:-2022-01-04 15:52:24
Marginal cost means ��������
1.Substitutional cost
2.addition to the total cost
3.multiplication to the total cost
4.variable cost
Posted Date:-2022-01-04 15:48:44
Marginal cost means ��������
1.Substitutional cost
2.addition to the total cost
3.multiplication to the total cost
4.variable cost
Posted Date:-2022-01-04 15:52:24
Miroeonomi theory is lso known s ��
1.usiness Theory
2.ost Theory
3. Iniviul Theory
4. Prie Theory
Posted Date:-2022-01-04 15:48:44
Miroeonomi theory is lso known s ��
1.usiness Theory
2.ost Theory
3. Iniviul Theory
4. Prie Theory
Posted Date:-2022-01-04 15:52:24
Money paid to an unskilled labour is called �����
1.Wages
2.Salary
3.Royalty
4.None
Posted Date:-2022-01-04 15:48:44
Money paid to an unskilled labour is called �����
1.Wages
2.Salary
3.Royalty
4.None
Posted Date:-2022-01-04 15:52:24
Passive factor of production is ��-
1.only land
2.only capital
3.both land and capital
4.neither land nor capital
Posted Date:-2022-01-04 15:48:44
Passive factor of production is ��-
1.only land
2.only capital
3.both land and capital
4.neither land nor capital
Posted Date:-2022-01-04 15:52:24
Reasons for increasing return in stage I of law of variable proportion is ���
1.Indivisibility
2.Specialisation
3.both a and b
4.none of the above
Posted Date:-2022-01-04 15:48:44
Reasons for increasing return in stage I of law of variable proportion is ���
1.Indivisibility
2.Specialisation
3.both a and b
4.none of the above
Posted Date:-2022-01-04 15:52:24
Supply is a function of ��
1.a straight line
2.a parabolaL
3.a hyperbola
4.convex to the origin
Posted Date:-2022-01-04 15:48:44
Supply is a function of ��
1.a straight line
2.a parabolaL
3.a hyperbola
4.convex to the origin
Posted Date:-2022-01-04 15:52:24
Tea and coffee are �� goods
1.substitutes
2.complementary
3.producers
4.none of the above
Posted Date:-2022-01-04 15:48:44
Tea and coffee are �� goods
1.substitutes
2.complementary
3.producers
4.none of the above
Posted Date:-2022-01-04 15:52:24
The cost with which the concept of marginal cost is closely related
1.variable cost
2.fixed cost
3.opportunity cost
4.economic cost
Posted Date:-2022-01-04 15:48:44
The cost with which the concept of marginal cost is closely related
1.variable cost
2.fixed cost
3.opportunity cost
4.economic cost
Posted Date:-2022-01-04 15:52:24
The costs that depend on output in the short run are ��-
1.total variable costs only
2. both total variable costs and total costs
3.total costs only
4.total fixed cost only
Posted Date:-2022-01-04 15:48:44
The costs that depend on output in the short run are ��-
1.total variable costs only
2. both total variable costs and total costs
3.total costs only
4.total fixed cost only
Posted Date:-2022-01-04 15:52:24
The formula for average fixed costs is ���-
1.TFC/Q
2.DQ/DFC
3.Q/TFC
4.TFC � Q
Posted Date:-2022-01-04 15:48:44
The formula for average fixed costs is ���-
1.TFC/Q
2.DQ/DFC
3.Q/TFC
4.TFC � Q
Posted Date:-2022-01-04 15:52:24
The supply of a product does not depend on ��-
1.labour costs
2.the number of sellers in the market
3.consumers tastes
4.existing technology
Posted Date:-2022-01-04 15:48:44
The supply of a product does not depend on ��-
1.labour costs
2.the number of sellers in the market
3.consumers tastes
4.existing technology
Posted Date:-2022-01-04 15:48:44
The supply of a product does not depend on ��-
1.labour costs
2.the number of sellers in the market
3.consumers tastes
4.existing technology
Posted Date:-2022-01-04 15:52:24
The supply of a product does not depend on ��-
1.labour costs
2.the number of sellers in the market
3.consumers tastes
4.existing technology
Posted Date:-2022-01-04 15:52:24
The total outlay method explains the relationship between price and ��A
1.demand
2.supply
3.expenditure
4.income
Posted Date:-2022-01-04 15:48:44
The total outlay method explains the relationship between price and ��A
1.demand
2.supply
3.expenditure
4.income
Posted Date:-2022-01-04 15:52:24
The upper portion of the kinked demand curve is relatively �����
1.More inelastic
2.More elastic
3.Less elastic
4.Less inelastic
Posted Date:-2022-01-04 15:48:44
The upper portion of the kinked demand curve is relatively �����
1.More inelastic
2.More elastic
3.Less elastic
4.Less inelastic
Posted Date:-2022-01-04 15:52:24
The vertical difference between TVC and TC is equal to ��
1.MC
2.AVC
3.TFC
4.none
Posted Date:-2022-01-04 15:48:44
The vertical difference between TVC and TC is equal to ��
1.MC
2.AVC
3.TFC
4.none
Posted Date:-2022-01-04 15:52:24
Time-series data may exhibit which of the following behaviours?
1.Trend
2.Random variation
3.Seasonality
4.Cycles
Posted Date:-2022-01-04 15:48:44
Time-series data may exhibit which of the following behaviours?
1.Trend
2.Random variation
3.Seasonality
4.Cycles
Posted Date:-2022-01-04 15:52:24
Variable costs are ��������
1.Sunk costs
2.Multiplied by fixed cost
3.Cost that change with the level of productio
4.the change in total cost resulting from the production of an additional unit of output
Posted Date:-2022-01-04 15:48:44
Variable costs are ��������
1.Sunk costs
2.Multiplied by fixed cost
3.Cost that change with the level of productio
4.the change in total cost resulting from the production of an additional unit of output
Posted Date:-2022-01-04 15:52:24
What are homogenous products?
1.Undifferentiated products
2.Differentiated products
3.Both (a) and (b)
4.None
Posted Date:-2022-01-04 15:48:44
What are homogenous products?
1.Undifferentiated products
2.Differentiated products
3.Both (a) and (b)
4.None
Posted Date:-2022-01-04 15:52:24
When the total product curve is falling ���-
1.marginal product curve is zero
2.marginal product curve is negative
3.average product is increasing
4.average product is negative
Posted Date:-2022-01-04 15:48:44
When the total product curve is falling ���-
1.marginal product curve is zero
2.marginal product curve is negative
3.average product is increasing
4.average product is negative
Posted Date:-2022-01-04 15:52:24
Which factor of production is considered as fixed input
1.labour
2.technology
3.capital
4.land
Posted Date:-2022-01-04 15:48:44
Which factor of production is considered as fixed input
1.labour
2.technology
3.capital
4.land
Posted Date:-2022-01-04 15:52:24
Which of the following is correct?
1.TC = TFC+TVC
2.TFC=TC-TVC
3.TVC=TC-TFC
4.None of the above
Posted Date:-2022-01-04 15:48:44
Which of the following is correct?
1.TC = TFC+TVC
2.TFC=TC-TVC
3.TVC=TC-TFC
4.None of the above
Posted Date:-2022-01-04 15:52:24
Which of the following is not present in a time series?
1.Seasonality
2.operational variations
3.trend
4.random variations
Posted Date:-2022-01-04 15:48:44
Which of the following is not present in a time series?
1.Seasonality
2.operational variations
3.trend
4.random variations
Posted Date:-2022-01-04 15:52:24
Which of the following techniques uses variables such as price and promotional expenditures which are related to the product demand to predict demand
1.Associative models
2.exponential smoothing
3.weighted moving average
4.simple moving average
Posted Date:-2022-01-04 15:48:44
Which of the following techniques uses variables such as price and promotional expenditures which are related to the product demand to predict demand
1.Associative models
2.exponential smoothing
3.weighted moving average
4.simple moving average
Posted Date:-2022-01-04 15:52:24
Whih will use hnge in the emn for goo X?
1.hnge in tste
2. hnge in Inome
3. hnge in the prie of X
4. hnge in the prie of omplementry prout
Posted Date:-2022-01-04 15:48:44
Whih will use hnge in the emn for goo X?
1.hnge in tste
2. hnge in Inome
3. hnge in the prie of X
4. hnge in the prie of omplementry prout
Posted Date:-2022-01-04 15:52:24