A fall in the market demand, supply remaining the same results in:
A fall in the market demand, supply remaining the same results in:
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |
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A matrix with all elements zero other than all the diagonals is called
Question: A matrix with all elements zero other than all the diagonals is called
A. diagonal matrix B. orthogonal matrix C. unit matrix D. column vector Answer» a. diagonal matrix Note: The above multiple-choice question is for all general and Competitive Exams in India. When an individual’s income rises, when everything else remains the same, his demand for normal goods:
Question: When an individual’s income rises, when everything else remains the same, his demand for normal goods:
A. Rises B. Falls C. Remains the same D. Any of the above is possible Answer» a. Rises Note: The above multiple-choice question is for all general and Competitive Exams in India. All of the following will cause the value of the marginal product of labor to increase,EXCEPT:
Question: All of the following will cause the value of the marginal product of labor to increase,EXCEPT:
A. an increase in the price of the good sold by the firm B. a new production technology is developed and implemented by the firm C. an increase in the number of workers employed by the firm D. an increase in the quantity of other factors of production used by the firm Answer» c. an increase in the number of workers employed by the firm Note: The above multiple-choice question is for all general and Competitive Exams in India. Free entry into monopolistically competitive market ensures that all firms will produce at the lowest point of LAC
Question: Free entry into monopolistically competitive market ensures that all firms will produce at the lowest point of LAC
A. Always B. Sometimes C. Never D. Cannot say Answer» c. Never Note: The above multiple-choice question is for all general and Competitive Exams in India. The Lerner Index is a measure of __________
Question: The Lerner Index is a measure of __________
A. perfect competition B. monopoly power C. competition D. market Answer» b. monopoly power Note: The above multiple-choice question is for all general and Competitive Exams in India. Given a consumption function C = 250 + 0.75Yd, autonomous consumption is ____
Question: Given a consumption function C = 250 + 0.75Yd, autonomous consumption is ____
A. 0.75 B. 0 C. 250 D. -0.75 Answer» c. 250 Note: The above multiple-choice question is for all general and Competitive Exams in India.