Economics - Study Mode
[#971] With reference to the theories of population, which of the following statement is/are correct? 1. Malthusian theory of population applies only to over populated countries. 2. Optimum theory of population applies to all countries. Select the correct answer
Correct Answer
(C) Both 1 and 2
[#972] A firm may be considered to be of optimum size when
Correct Answer
(B) AC is at its minimum
[#973] A profit maximising firm in perfect competition produces where
Correct Answer
(C) marginal revenue equals marginal cost
[#974] In the perfect competition, the downward sloping part of the marginal value productivity curve of a factor shows
Correct Answer
(A) demand curve for the factor
[#975] Which of the following pairs of commodities is an example of substitutes?
Correct Answer
(D) Mustard oil and coconut oil