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The theory of Revealed Preference was propounded by:

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Assertion (A): “Utility will be maximised when the marginal unit of expenditure in each direction brings the same increment of utility.” Reason (R): A consumer will try to maximise his utility.  

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Marginal revenue is ___________ at the quantity that generates maximum total revenue and negative beyond that point.

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Arrange the following books in order (year) in which they appeared.

(i) Economic Theory and Operations Analysis by W.J. Baumol. (ii) An introduction to positive Economics by R. G. Lipsey (iii) Economics by P. Samuelson (iv) Managerial Economics by Joel Dean.  

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Opportunity cost is a term which describes:

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When demand curve is rectangular Hyperbola, the elasticity of demand will be:

 

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A perfectly competitive firm attains equilibrium when:

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Demand has the following elements:

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Assertion (A): Business Economics is tool centrics facilitating decision making in business Reason (R): It provides an analytical understanding of economic activities. Codes:  

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Consider the oligopoly models:

(i) Sweezy’skinded demand curve model (ii) Newman and Morgenstern Game Theory model (iii) Cournal’s duopoly model (iv) Baumal’s sales maximisation model Arrange them in correct sequence as per order of evolution  

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  • Home
  • About Us
  • Faculty Pool
  • Study Material
    • Paper One
    • Commerce
    • Management
  • Mock Tests
    • Paper 1 (P. Y. MCQs)
    • Paper 2 (P. Y. MCQs)
  • Enquiry
  • Contact Us