Bachelor of Arts in Economics (BA Economics)

Increase or decrease in the level of production by a monopolistically competitive firm have ——- impact on price and output decisionsof other firms

by
Question:

Increase or decrease in the level of production by a monopolistically competitive firm have ——- impact on price and output decisionsof other firms

A.

Very significant

B.

Significant

C.

Small

D.

Negligible

Answer» d. Negligible

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

Suppose a competitive firm produces 100 units of X for a price of Rs.10 a unit. The firmis employing labour and capital such that the marginal physical product of labour and capital is 20 and 5 and the prices paid to labour and capital are Rs. 60 and Rs. 40 respectively. How would you characterize the firm

by
Question:

Suppose a competitive firm produces 100 units of X for a price of Rs.10 a unit. The firmis employing labour and capital such that the marginal physical product of labour and capital is 20 and 5 and the prices paid to labour and capital are Rs. 60 and Rs. 40 respectively. How would you characterize the firm

A.

the firm is in long-run equilibrium

B.

the firm is earning excess profits

C.

the firm should expand production

D.

the firm should contract production

Answer» c. the firm should expand production

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

Which is the most effective quantitative method to control inflation in the economy?

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Question:

Which is the most effective quantitative method to control inflation in the economy?

A.

bank rate policy

B.

selective credit control

C.

cash reserve ratio

D.

both (a) and (b)

Answer» c. cash reserve ratio

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

Linear regression means that every time the value of x increases, y changes by a______amount.

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Question:

Linear regression means that every time the value of x increases, y changes by a______amount.

A.

increasing

B.

decreasing

C.

constant

D.

all of the above

Answer» c. constant

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