Economics - Study Mode
[#136] The slope of the average revenue curve in a monopoly will be
Correct Answer
(A) Downward from left to right
[#137] Which of the following statements are incorrect? i. Malthus population theory does not directly depend on the diminishing return law ii. The principle of optimum population compared population with food grains iii. The point of optimum population is fixed Select the answer
Correct Answer
(B) Only ii and iii
[#138] Match the following. List-I List-II a. "What is" 1. Micro-economics b. "What ought to be" 2. Macro-economics c. Aggregates 3. Positive economics d. Individual units 4. Normative economics
Correct Answer
(B) a-3, b-4, c-2, d-1
[#139] In the short run a firm in perfect competition can vary-
Correct Answer
(D) variable inputs
[#140] The 'Kinked demand curve approach' is related to
Correct Answer
(C) Inflexibility of price/price rigidity