A. | cardinal measurabil ity of the utility |
B. | given marginal utility of money |
C. | diminishing marginal utility of the goods |
D. | additivity of the utility |
Option: B Explanation : Click on Discuss to view users comments. |
List - I |
List - II |
(a) Convexity of the inctifferences curve to origin |
(i) Indifference curve analysis |
(b) Quantity of certain goods sacrificed for a large quantity of other goods |
(ii) Consumer's equilibrium |
(c) Equality of the ratio of the marginal utilities with that of the prices of the of the two goods |
(iii) Substitutability / complementarity of the two goods |
(d) Separation of substitution and income effects from the total price effect |
(iv) Marginal rate substitution
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A. |
(iv) (ii) (i) (iii)
|
B. | (iii) (iv) (ii) (i) |
C. | (iii) (i) (iv) (ii) |
D. | (i) (iii) (ii) (iv) |
Option: B Explanation : Click on Discuss to view users comments. |
A. | Cost plus pricing |
B. | Marginal pricing |
C. | Skimming pricing |
D. | Product line pricing |
Option: D Explanation : Click on Discuss to view users comments. |
For the following two statements of Assertion (A) and Reasoning (R) indicate the correct code:
Assertion (A) : All firms under perfect competition in long run earn only normal profit.
Reasoning (R) : All firms under perfect competition in long run operate at the minimum average cost level.
A. | (A) and (R) both are correct. |
B. | (A) is correct but (R) is not correct. |
C. | (A) is not correct but (R) is correct. |
D. | (A) and (R) both are incorrect. |
Option: A Explanation : Click on Discuss to view users comments. |
A. | (iii) (iv) (ii) (i) |
B. | (iii) (i) (iv) (ii) |
C. | (ii) (iii) (i) (iv) |
D. | (i) (ii) (iii) (iv) |
Option: B Explanation : Click on Discuss to view users comments. |