Marginal utility is

May 5, 2021 by admin

Question:

Marginal utility is

always zero

increases at a diminishing rate

the utility derived from last unit

all the above

Answer» c. the utility derived from last unit

Note:

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

When elasticity of demand is 2, the demand will be:

May 5, 2021 by admin

Question:

When elasticity of demand is 2, the demand will be:

Perfectly elastic

Perfectly inelastic

Relatively elastic

Unit elastic

Answer» c. Relatively elastic

Note:

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

the elements in the horizontal line in a matrix is called

May 5, 2021 by admin

Question:

the elements in the horizontal line in a matrix is called

columns

rows

elements

diagonal

Answer» b. rows

Note:

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

Existence of large number of buyers and sellers andhomogenous product is a feature of :

May 5, 2021 by admin

Question:

Existence of large number of buyers and sellers andhomogenous product is a feature of :

Monopoly

Duopoly

Perfect Competition

Oligopoly

Answer» c. Perfect Competition

Note:

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

___________ is a set of elements taken from a larger population according to certainrules

May 5, 2021 by admin

Question:

___________ is a set of elements taken from a larger population according to certainrules

sample

population

statistic

element

Answer» a. sample

Note:

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

During depression _ industry suffer from excess production capacity.

May 5, 2021 by admin

Question:

During depression _ industry suffer from excess production capacity.

capital goods

consumer durable goods

non-durable goods

both ‘a’ and ‘b’

Answer» a. capital goods

Note:

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

Uniform price is a feature of

May 5, 2021 by admin

Question:

Uniform price is a feature of

Perfect competition

Monopoly

Monopolistic competition

Oligopoly

Answer» a. Perfect competition

Note:

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

The short-run supply curve of a perfectly competitive firm

May 5, 2021 by admin

Question:

The short-run supply curve of a perfectly competitive firm

is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve

is equal to that portion of the short-run marginal cost curve that is above the average total cost curve

is equal to that portion of the short-run average total cost curve that is above the average variable cost curve

None of the above is correct

Answer» a. is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve

Note:

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

Fertility rates mainly depend on

May 5, 2021 by admin

Question:

Fertility rates mainly depend on

total population

total female population

female population of child bearing age

number of newly born babies

Answer» b. total female population

Note:

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

The type of sampling in which each member of the population selected for the sample isreturned to the population before the next member is selected is called _________

May 5, 2021 by admin

Question:

The type of sampling in which each member of the population selected for the sample isreturned to the population before the next member is selected is called _________

sampling without replacement

sampling with replacement

simple random sampling

systematic sampling

Answer» b. sampling with replacement

Note:

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