Home

Marshallian demand function is also known as:

A. Utility demand function

B. Compensated demand function

C. Collective demand function

D. Relative demand function

Correct Answer : B.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Computer Architecture MCQ Current Affairs May 2017 MCQ Phylum - Amphibia MCQ Solution MCQ Solids, Liquides, Gases MCQ Chemical Engineering Basics MCQ Physical Measurement MCQ Engineering Mechanics MCQ Cause & Effect MCQ Excretory System MCQ Tally MCQ Softwares MCQ

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

Submit
Load More..
You can do it
  1. In short run:
  2. Decrease in demand results in:
  3. At the shut-down point in perfect competition:
  4. To calculate the elasticity of demand, which of the following formula is used?:
  5. In the short-run, in which one of the following situations would a competitive seller close down (shut-down)?
  6. Under price discrimination, the buyers must:
  7. In Edgeworth model, price remains:
  8. General Equilibrium deals with the equilibrium of the:
  9. When the law of demand operates the demand curve:
  10. The spending of money by the producer to influence consumers is an example of:
  11. If demand increased and supply decreased then:
  12. Price elasticity of demand can be measured in the following way:
  13. The ordinal approach was presented by:
  14. Marginal utility (MU) always:
  15. Which is the first-order condition for the profit of a firm to be maximum?
  16. Who is the author of Trade Cycle ?
  17. A firm can never produce in the middle area of input space, in case of:
  18. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  19. If the price of a product falls which of the following would occur?
  20. Most of the supply curves with which the average consumer deals are:
  21. The marginal revenue of a perfectly competitive firm is:
  22. The Cambridge School of Thought refers to the group of English economists who came under the influence…
  23. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  24. The maximization of output subject to cost requires equilibrium at the:
  25. If the supply curve is not a straight line but curvilinear, the elasticity on all points of the supply…
  26. For the given production function, technical inefficiency is defined as:
  27. Production function shows:
  28. If the supply and demand increases equally, the price will:
  29. Income-elasticity of demand is expressed as:
  30. Scarcity means: