Home

The Lambda or Langrange Multiplier is a:

A. Analyst

B. Catalyst

C. Pessimist

D. Optimist

Correct Answer : B.


Download Objective type questions of Basics of Economics PDF

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Electrical Circuits MCQ Fungi and Lichens MCQ Power Plant Engineering MCQ Aldehydes and Ketones MCQ Decision Making MCQ Transmission of Heat MCQ Direct and Indirect Speech MCQ Time and Work MCQ Phylum - Aves (Birds) MCQ Phylum - Pisces MCQ Time and Distance MCQ Rearrangement Set 4 MCQ

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

Submit
Load More..
You can do it
  1. The Hicksian indirect utility function in the form of equation is:
  2. A good tends to have relatively inelastic demand, if:
  3. Opportunity costs are also known as:
  4. A typical demand curve cannot be:
  5. Robbins definition of economics was criticised by:
  6. Demand is elastic when the coefficient of elasticity is:
  7. Increasing return to scales can be explained in terms of:
  8. When the level of optimal factor combination is over and more labor is employed with the fixed plant,…
  9. In cournot model, at equuilibrium when MC = MR, the elasticity of demand is:
  10. The vertical demand curve for a commodity shows that its demand is:
  11. Under competitive conditions, the industry will be in equilibrium:
  12. When the slope of a demand curve is zero (also known as vertical demand curve) then elasticity will…
  13. MC = MR = AC = AR shows the long run equilibrium position of the:
  14. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  15. In monopolistic competition, because of difference in choices, the firm charges:
  16. One common definition of a luxury good is a good with income elasticity:
  17. Regarding economic decisions, economics of uncertainty identifies:
  18. The imaginary differentiation is attributed to difference in:
  19. In the case of an inferior good, the income effect:
  20. In monopolistic competition, the firms follow:
  21. The standard form of demand function is:
  22. Chamberline introduces the concept of:
  23. If the marginal utility is divided by the price of the commodity then it is called:
  24. From analysis, it is clear that both Marshal and Walras market models are:
  25. Labor Saving Technological Progress can be defined as:
  26. A monopolist is able to maximize his profit when:
  27. Which one of the following has been the most influential work of F.H.Knight?
  28. The advertisement and other selling activities:
  29. The water diamond paradox was firstly resolved with the help of:
  30. In a perfectly competitive market, suppliers must know: