Economics - Study Mode
[#1186] The reason for India's unfavourable balance of payments is
Correct Answer
(D) All of the above
[#1187] Statement I The objective of finance function is wealth maximisation. Statement II The objective of finance function is profit maximisation.
Correct Answer
(A) Both statements are correct
[#1188] Which of the following marketing strategies is/are not used in 'growth stage' of the product life cycle?
Correct Answer
(D) Using awareness and trial communications
[#1189] Assertion (A): The long run cost curve is L-shaped rather than U-shaped. Reason (R): The new techniques of production of large plants reduce the total costs per unit of output.
Correct Answer
(A) Both A and R are true and R is the correct explanation of A
[#1190] Utility derived from consumption of an additional unit of a good is called
Correct Answer
(B) Marginal utility