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Which one of the following statement is incorrect?

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Which one of the following statements is correct?

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In Law of Variable Proportion, initially when MP rises:

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The concept of “consumer surplus” was introduced and developed by

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Profits are maximised at a point where

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The elasticity of demand for luxury goods is

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Under kinked demand model, the demand curve for the firm’s product is drawn on the assumption that

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As per indifference curve and price line, a consumer will not be in equilibrium when

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Which one of the following is not matched properly?

  List-I High initial price to be lowered later Prices to be proportional to cost Prices to be increased for providing profit Prices to be different in different markets List-II (a) Product line pricing                                                     (b) Differential pricing (c) Pioneer pricing                                                            (d) Incremental pricing  

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Total production will be maximum when

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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