Economics - Study Mode
[#1336] The market efficiency can be improved even without any policy intervention, starting with monopolistic equilibrium
Correct Answer
(A) By levying tax per unit of production
[#1337] Match the following. List-I List-II a. Cardinal approach 1. Marginal utility b. Ordinal approach 2. Revealed preference theory c. Hicks-Allen approach 3. Indifference curve d. Consumer's surplus 4. Alfred Marshall
Correct Answer
(B) a-1, b-2, c-3, d-4
[#1338] When there is a very small change in the price of a commodity, i.e. there is a negligible change and there is a high change in the demand, then what is the demand for such a commodity?
Correct Answer
(A) Perfectly elastic demand
[#1339] The important determinant of market size is
Correct Answer
(B) Opportunities for the investors
[#1340] Marginal cost curve cuts the average cost curve from below at
Correct Answer
(A) its lowest point