Bachelor of Arts in Economics (BA Economics)

A firm encountering economies of scale over some range of output will have a:

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Question:

A firm encountering economies of scale over some range of output will have a:

A.

Rising long-run average cost curve.

B.

Falling long-run average cost curve.

C.

Constant long-run average cost curve.

D.

Rising, then falling, then rising long-run average cost curve.

Answer» b. Falling long-run average cost curve.

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

Who argued that “Everything that is produced in the course of a year, every service rendered, every fresh utility brought about is a part of the national wealth.”?

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Question:

Who argued that “Everything that is produced in the course of a year, every service rendered, every fresh utility brought about is a part of the national wealth.”?

A.

JS Mill

B.

Stanley Jevons

C.

Alfred Marshall

D.

Robert Malthus

Answer» c. Alfred Marshall

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

Paasche index was developed by ______economist Hermann Paasche for measuringcurrent price or quantity levels relative to those of a selected base period

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Question:

Paasche index was developed by ______economist Hermann Paasche for measuringcurrent price or quantity levels relative to those of a selected base period

A.

american

B.

british

C.

australian

D.

german

Answer» d. german

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