Functional relationship between saving and disposable income is:

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Question:

Functional relationship between saving and disposable income is:

Saving function

Income function

Consumption function

Investment function

Answer» a. Saving function

Note:

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» Micro Economics 1 solved MCQs

A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:

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Question:

A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:

Increases

Decreases

Remains unchanged

None of the above

Answer» c. Remains unchanged

Note:

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

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Paper gold is also known as

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Question:

Paper gold is also known as

us dollar

pound sterling

sdr

indian rupee.

Answer» c. sdr

Note:

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Paper gold is also known as Read More »

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The total land area of Kerala is:

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Question:

The total land area of Kerala is:

37,863 sq km

36,863 sq km

39,863 sq km

38,863 sq km

Answer» d. 38,863 sq km

Note:

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Under perfectly competitive market an individual seller is a

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Question:

Under perfectly competitive market an individual seller is a

Price taker

Price maker

Individual seller can influence the price

None of the above

Answer» a. Price taker

Note:

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» Micro economics 2 solved MCQs

In the Cambridge equation of M = kPR, the value of kis:

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Question:

In the Cambridge equation of M = kPR, the value of kis:

m/v

1/v

v in fisher’s equation

none of these

Answer» b. 1/v

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When the perfectly competitive firm and industry are both in longrun equilibrium

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Question:

When the perfectly competitive firm and industry are both in longrun equilibrium

P = MR = SMC = LMC

P = MR = SAC = LAC

P = MR =Lowest point on the LAC curve

All of the above

Answer» d. All of the above

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In classical system which of the following keeps the economy at full employment:

» Macro Economics 1 solved MCQs / admin

Question:

In classical system which of the following keeps the economy at full employment:

level of saving

increase in money supply

adjustment in investment

adjustment in money wages

Answer» d. adjustment in money wages

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Marginal revenue of a firm is constant throughout under:

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Question:

Marginal revenue of a firm is constant throughout under:

Perfect competition

Monopolistic competition

Oligopoly

All the above

Answer» a. Perfect competition

Note:

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The want satisfying power of a commodity:

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Question:

The want satisfying power of a commodity:

Satisfaction

Utility

Value

Marginal Utility

Answer» b. Utility

Note:

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The want satisfying power of a commodity: Read More »

» Micro Economics 1 solved MCQs

Bachelor of Arts in Economics (BA Economics)

Functional relationship between saving and disposable income is:

A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity:

Paper gold is also known as

The total land area of Kerala is:

Under perfectly competitive market an individual seller is a

In the Cambridge equation of M = kPR, the value of kis:

When the perfectly competitive firm and industry are both in longrun equilibrium

In classical system which of the following keeps the economy at full employment:

Marginal revenue of a firm is constant throughout under:

The want satisfying power of a commodity: