Bachelor of Arts in Economics (BA Economics)

When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to

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Question:

When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to

A.

900

B.

100

C.

0.9

D.

1

Answer» c. 0.9

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

As output increases in a monopoly, the firm’s total revenue:

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Question:

As output increases in a monopoly, the firm’s total revenue:

A.

first increases and then decreases

B.

first decreases and then increases

C.

increases continuously

D.

decreases continuously

Answer» a. first increases and then decreases

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

Football socks are found to have a cross-elasticity of demand of −2 with respect to productY. Which of the following products is most likely to be product Y:

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Question:

Football socks are found to have a cross-elasticity of demand of −2 with respect to productY. Which of the following products is most likely to be product Y:

A.

Cricket boots

B.

Tennis shoes

C.

Tennis socks

D.

Football boots

Answer» d. Football boots

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