Bachelor of Arts in Economics (BA Economics)

An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come

by
Question:

An increase in output in a perfectly competitive and constant cost industry which is in longrun equilibrium will come

A.

entirely from new firms

B.

entirely from existing firms

C.

either entirely from new firms or entirely from existing firms

D.

partly from new firms and partly from existing firms.

Answer» a. entirely from new firms

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

The concept of a variable implies that the values of every characteristic of an item are different

by
Question:

The concept of a variable implies that the values of every characteristic of an item are different

A.

true

B.

false

C.

neither true nor false

D.

any of the above

Answer» b. false

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

Linearity means

by
Question:

Linearity means

A.

the ols estimates are linear function of random variable

B.

the ols estimates are function of variable

C.

the ols estimates are function of random variable

D.

the ols estimates has minimum variance

Answer» a. the ols estimates are linear function of random variable

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