A simple aggregate quantity index is used to:

May 5, 2021 by admin

Question:

A simple aggregate quantity index is used to:

measure the change in price of a product

measure the change in quantity of a product

measure the overall change in quantity of a range of products

measure the overall change in price of a range of products

Answer» d. measure the overall change in price of a range of products

Note:

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

A movement down the given demand curve shows:

May 5, 2021 by admin

Question:

A movement down the given demand curve shows:

Increase in demand

Decrease in demand

Extension in demand

Contraction in demand

Answer» c. Extension in demand

Note:

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

____ functions are a special class of homogeneous function in which the marginal rate ofTechnicalsubstitution is constant along the function.

May 5, 2021 by admin

Question:

____ functions are a special class of homogeneous function in which the marginal rate ofTechnicalsubstitution is constant along the function.

Hypothetic

Homothetic

Objective

Value

Answer» b. Homothetic

Note:

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

Demand curve of a firm under monopolistic competition is

May 5, 2021 by admin

Question:

Demand curve of a firm under monopolistic competition is

Parallel to X axis

Parallel to Y axis

Downward slopping

Upward slopping

Answer» c. Downward slopping

Note:

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

Under pure monopoly, there will be

May 5, 2021 by admin

Question:

Under pure monopoly, there will be

No distinction between firm and industry

One firm no industry

No firm one industry

Very few firms

Answer» a. No distinction between firm and industry

Note:

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

When variations in the values of two variables have a constant ratio, there will be

May 5, 2021 by admin

Question:

When variations in the values of two variables have a constant ratio, there will be

linear correlation

zero correlation

non-linear correlation

none of the above

Answer» a. linear correlation

Note:

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

Which among the following is the definition of Jacobian of u and v w.r.t x and y?

May 5, 2021 by admin

Question:

Which among the following is the definition of Jacobian of u and v w.r.t x and y?

j(x,yu,v)

j(u,vx,y)

∂(x,y)∂(u,v)

∂(u,x)∂(v,y)

Answer» b. j(u,vx,y)

Note:

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

Income elasticity of demand for inferior goods is:

May 5, 2021 by admin

Question:

Income elasticity of demand for inferior goods is:

Negative

Positive

Zero

Unity

Answer» a. Negative

Note:

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

The marker structure which have very large number of sellers selling Identicalproducts is called

May 5, 2021 by admin

Question:

The marker structure which have very large number of sellers selling Identicalproducts is called

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 supply curve for the monopolist

May 5, 2021 by admin

Question:

The supply curve for the monopolist

does not exist

is represented by the marginal cost curve above the average total cost curve

is represented by the marginal cost curve above the average variable cost curve

is represented by the marginal cost curve above the average cost curve

Answer» a. does not exist

Note:

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