Economics - Study Mode

[#811] Sources of long term finance will be
Correct Answer

(D) All of the above

[#812] Statement I The isoquant curves are drawn convex to the origin due to diminishing technical rate of substitution. Statement II The lesser the convexity of the isoquant curve, the greater the possibility of the complementarity of the two inputs.
Correct Answer

(B) Statement I is true, but Statement II is false

[#813] Consider the following statements. 1. Point of inflexion exists where I st stage of law of variable proportions ends. 2. TP increases even when MP is decreasing. 3. Producer will stop only at II nd stage of variable proportions. Which of the statement(s) given above is/are correct?
Correct Answer

(B) 1, 2 and 3

[#814] Match the following. List-I List-II a. Prof. Robin 1. Security profit b. Prof. Milton Kafoglis 2. Marris growth maximisation c. Prof. Rothschild 3. Output maximisation
Correct Answer

(B) a-2, b-3, c-1

[#815] Match the following. List-I List-II a. Law of demand is fully applicable 1. Giffen goods not applicable b. Law of demand is not applicable at all 2. Veblon goods partly applicable c. Law of demand is partly applicable 3. Normal goods fully applicable
Correct Answer

(C) a-3, b-1, c-2