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In 1932, The nature and significance of economic science was written by:

A. Prof. Adam Smith

B. Prof. Alfred Marshal

C. Prof. Robbins

D. J.S.Mill

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Elasticity (E) expressed by the term, 1>E>0, is:
  2. Who introduced the concept of Elasticity of Demand into economic theory?
  3. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  4. In the immediate run:
  5. Law of Diminishing Marginal Utility is practically untrue because:
  6. In joint-profit maximization cartel, central agency sets the:
  7. A decrease in demand lowers the price the most:
  8. In monopolistic competition, the aim of the firm is to:
  9. If the commodities X and Y are perfect complements then:
  10. Marginal utility equals:
  11. The CES production function shows:
  12. A high value of cross-elasticity indicates that the two commodities are:
  13. Total utility:
  14. MC is given by:
  15. In monopolistic competition, because of difference in choices, the firm charges:
  16. The main contribution of Malthus is in the field of:
  17. If the production increases under decreasing returns to scale, the cost will:
  18. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  19. Variable cost includes the cost of:
  20. Production function shows:
  21. If the price of Pepsi Cola goes down, you would predict:
  22. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  23. Price is measured in:
  24. Decrease in demand results in:
  25. The income effect means that consumer purchase more when:
  26. To attain maximum profits during short-run a firm should produce the output that will:
  27. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  28. The situation of single buyer and single seller is called:
  29. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  30. Who first formulated the Marginal Productivity Theory of Distribution?