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Who is the author of Choice of Technique?

A. K.N.Raj

B. Amartiya Sen

C. A.C.Pigou

D. Alfred Marshal

Correct Answer : B.


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  1. The Chamberline model recognizes mutual:
  2. In monopolistic competition, the firm compete on the basis of:
  3. According to Cobb-Douglas, in production function the marginal product of labor is:
  4. Which industries spend a relatively large share of their revenue on research and development in order…
  5. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  6. In cournot model firms:
  7. Which of the following conditions is met in the long-run equilibrium in monopolistic competition, where…
  8. Variable costs refer to:
  9. In the case of an inferior commodity, the income-elasticity of demand is:
  10. In case of short-run, the supply curve of an industry is the horizontal summation of:
  11. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  12. If the commodity is inferior then Income Effect (I.E) is:
  13. The concept of product differentiation was firstly introduced by:
  14. If two goods have same marginal utility for a consumer then:
  15. Revealed Preference Theory was presented by:
  16. In monopoly, the relationship between average revenue and marginal revenue curves is as follows:
  17. Under monopoly and imperfect competition MC is:
  18. Under perfect competition, the average revenue, marginal revenue and price are shown:
  19. The act of producing the output from more than one plant is concerned with:
  20. In microeconomics, we study:
  21. The average cost curve is a geometrical illustration of:
  22. Two policy variables, product and selling activities in the theory of firm was introduced by:
  23. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  24. The effect of consumer boycotts usually is:
  25. In Edgeworth model, price remains:
  26. Demand for a commodity is elastic when it has
  27. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  28. According to critics, the assumption of costless production is:
  29. The slope of an iso-quant represents:
  30. At a point above the middle of a straight line demand curve, elasticity of demand is: