Utility is:
A subjective concept
An ethical concept
An objective concept
A historical concept
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- Who is the author of Trade Cycle ?
- Indifference curves are downward sloping and are drawn bowed toward the origin (convex to the origin)…
- Which of the following is not a characteristic of a perfectly competitive market?
- The main contribution of Adam Smith is in the field of:
- Liquidity of Preference Theory was introduced by:
- After reaching the saturation point consumption of additional units of the commodity cause:
- If the commodity is inferior then the increase in income of the consumer results in:
- Supply curves are most elastic:
- Identify the economist who first developed the theory of income determination in its modern form:
- Of the following, which one corresponds to fixed cost?
- The low cost price leader will charge:
- Under price discrimination, the buyers must:
- The real income of a consumer is income in terms of:
- If the production function is homogeneous, the expansion path will be a straight line through the origin…
- Discriminating monopoly implies that the monopolist charges different prices for his commodity:
- The main contribution of David Ricardo is in the field of:
- Which of the following is not a feature of isoproduct curves?
- The feasible part of the demand curve for the monopolist who is charging high price will be:
- The total revenue curve for monopolist is the shape of:
- If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
- If a firm produces zero output in the short period then which statement is true?
- The demand of the necessities is:
- The cross-price elasticity of the demand for orange juice with respect to the price of apple juice is…
- According to Diamond Water Paradox diamonds are more expensive than water because:
- While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer…
- Used cars are sold in:
- The law of variable proportions comes into being when:
- The fundamental choices that a society must make about the use of its resources include:
- Equilibrium of a discriminating monopolist requires the fulfillment of which one of the following conditions?
- The addition or increment to the total cost involvesd in expanding or contracting output by one unit…