The weighted average of price relations using basic values as weights is same asthe ………………

Question:

The weighted average of price relations using basic values as weights is same asthe ………………

A.

laspeyres quantity index

B.

paasches’ price index

C.

laspeyres price index

D.

kelly’s price index

Answer» a. laspeyres quantity index

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

When the perfectly competitive firm but not the industry is in long-run equilibrium,

Question:

When the perfectly competitive firm but not the industry is in long-run equilibrium,

A.

P = MR = SMC = SAC

B.

P = MR = LMC = LAC

C.

P = MR = SMC = LMC = SAC =LAC

D.

P = MR = SMC = LMC = SAC = lowest point on the LAC curve.

Answer» c. P = MR = SMC = LMC = SAC =LAC

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

Individual firm has no control on the price of the commodity in the market is a condition of

Question:

Individual firm has no control on the price of the commodity in the market is a condition of

A.

Perfect competition

B.

Monopoly

C.

Monopolistic competition

D.

Bilateral monopoly

Answer» a. Perfect competition

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

Function which map the relation between the physical measure of money and the perceivedvalue of money is _____

Question:

Function which map the relation between the physical measure of money and the perceivedvalue of money is _____

A.

Income

B.

Investment

C.

Demand

D.

Utility

Answer» d. Utility

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