The diagram depicting monopolistic competition in the short run:

May 10, 2021 by admin

Question:

The diagram depicting monopolistic competition in the short run:

is very similar to the short run monopoly diagram

is very similar to the short run perfect competition diagram

is very similar to the short run oligopoly diagram

is completely different to the diagrams of all the other types of markets

Answer» a. is very similar to the short run monopoly diagram

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

Perfect completion means _____ rivalry

May 10, 2021 by admin

Question:

Perfect completion means _____ rivalry

perfect

absence of

fierce

intense

Answer» b. absence of

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

It is assumed that the cost curves of all the firms in themonopolistic competition are

May 10, 2021 by admin

Question:

It is assumed that the cost curves of all the firms in themonopolistic competition are

Different due to product differentiation

Never considered in equilibrium

Never formulated

Same in spite of product differentiation

Answer» d. Same in spite of product differentiation

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

If two sets contain the same distinct elements, then they are called

May 10, 2021 by admin

Question:

If two sets contain the same distinct elements, then they are called

equal sets

unequal sets

equivalent sets

all the above

Answer» a. equal sets

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be:

May 10, 2021 by admin

Question:

On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be:

Positive

Zero

Negative

One

Answer» b. Zero

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

If regression analysis is used to estimate the linear relationship between the naturallogarithm of the variable to be forecast and time, then the slope estimate is equal to

May 10, 2021 by admin

Question:

If regression analysis is used to estimate the linear relationship between the naturallogarithm of the variable to be forecast and time, then the slope estimate is equal to

the linear trend

the natural logarithm of the rate of growth

the natural logarithm of one plus the rate of growth

the natural logarithm of the square root of the rate of growth

Answer» c. the natural logarithm of one plus the rate of growth

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

As firms gradually acquire ever more technology, machinery and equipment, workers’productivity gradually , and workers wages gradually .

May 10, 2021 by admin

Question:

As firms gradually acquire ever more technology, machinery and equipment, workers’productivity gradually , and workers wages gradually .

rises, decrease

diminishes, decrease

diminishes, increase

rises, increase

Answer» d. rises, increase

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

A square matrix A such that A2 = A is called

May 10, 2021 by admin

Question:

A square matrix A such that A2 = A is called

orthogonal matrix

skew symmetric matrix

idempotent matrix

singular matrix

Answer» c. idempotent matrix

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

In the fundamental theorem of consumption and to prove the law of demand,Samualson uses

May 10, 2021 by admin

Question:

In the fundamental theorem of consumption and to prove the law of demand,Samualson uses

compensating variation in income

the cost difference

the over compensation effect

substituting variation in price

Answer» c. the over compensation effect

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

We use price index numbers

May 10, 2021 by admin

Question:

We use price index numbers

to measure and compare prices

to measure prices

to compare prices

none of the above

Answer» a. to measure and compare prices

Note:

The above multiple-choice question is for all general and Competitive Exams in India.

The diagram depicting monopolistic competition in the short run:

Perfect completion means _____ rivalry

It is assumed that the cost curves of all the firms in themonopolistic competition are

If two sets contain the same distinct elements, then they are called

On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be:

If regression analysis is used to estimate the linear relationship between the naturallogarithm of the variable to be forecast and time, then the slope estimate is equal to

As firms gradually acquire ever more technology, machinery and equipment, workers’productivity gradually ________, and workers wages gradually ________.

A square matrix A such that A2 = A is called

In the fundamental theorem of consumption and to prove the law of demand,Samualson uses

We use price index numbers

As firms gradually acquire ever more technology, machinery and equipment, workers’productivity gradually , and workers wages gradually .