Question: In CES production function, the elasticity of substitution is A. unity B. zero C. negative D. constant Answer» d. constant Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: Luxury goods are: A. price inelastic B. price elastic C. both a and b D. none Answer» b. price elastic Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: The highest power to which the derivative of highest order is raised in differentialequation is called. A. trace B. order C. degree D. transpose Answer» c. degree Note: The above multiple-choice question is for all general and Competitive Exams…

Question: For a function y = f(x1,x2), the total differential is given by A. dy = f1dx1 + f2dx2 B. dy = f1dx2 + f2dx1 C. both a and b D. none of these Answer» a. dy = f1dx1 +…

Question: Second stage in return to scale is called A. increasing returns B. diminishing returns C. constant returns D. negative returns Answer» c. constant returns Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: The points at which a curve is neither increasing not decreasing is called A. turning point B. stationery points C. both a and b D. none of these Answer» c. both a and b Note: The above multiple-choice question…

Question: A line for linear equation should begin from A. origin B. x axis C. y axis D. any of the above Answer» d. any of the above Note: The above multiple-choice question is for all general and Competitive Exams…

Question: What is the order of differential equation = 10x + 5 A. first B. second C. third D. fourth Answer» a. first Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Question: For two goods 1 and 2, if E12 > 0 implies that the two goods are A. complementary B. substitutes C. supplementary D. giffen goods Answer» a. complementary Note: The above multiple-choice question is for all general and Competitive…

Question: Total variable cost plus total fixed cost gives A. total cost B. average cost C. marginal cost D. none of these Answer» a. total cost Note: The above multiple-choice question is for all general and Competitive Exams in India.