91. In the long run, competitive equilibrium theory predicts that
92. Basic Price:
93. Given:
Private income = Rs. 30,000
Tax on Corporate Profit = Rs. 5,000
Undistributed Profit of Corporate = Rs. 4,000
The personal income will be:
Private income = Rs. 30,000
Tax on Corporate Profit = Rs. 5,000
Undistributed Profit of Corporate = Rs. 4,000
The personal income will be:
94. Production function is not based on the assumption of the
95. Factors determining demand is/are
96. When the law of diminishing returns begins to operate the TVC curve begins to
97. Price control is one of the monopoly regulations which is most advantageous for
98. Match the following:
a. Principles of Economics
1. Gunnar Myrdal
b. Diamond water paradox
2. J. K. Galbraith
c. Value and Capital
3. Alfred Marshall
d. Asian Drama
4. J. R. Hicks
e. Language of Economics
5. Adam Smith
| a. Principles of Economics | 1. Gunnar Myrdal |
| b. Diamond water paradox | 2. J. K. Galbraith |
| c. Value and Capital | 3. Alfred Marshall |
| d. Asian Drama | 4. J. R. Hicks |
| e. Language of Economics | 5. Adam Smith |
99. A straight line, downward-sloping demand curve implies that, as price falls, the elasticity of demand
100. A stable equilibrium position is one in which
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