51. The law of diminishing returns refers to an eventual fall in
52. Indicate the most popular route of privatisation adopte by the Government of India in recent decades.
53. Under monopoly, the supply curve is absent because
54. For a very large population the ratio between SEx and σ is 8:40. The Sample size n will be
55. If marginal utility is zero then
56. Indifference curve can be 'L' shaped
57. In the very short run, plays a dominant role in price determination
58. The demand curve, when the demand is perfectly elastic, is
59. Marginal cost is
60. Consider the following statements.
1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price.
4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output.
Which of the statement(s) given above is/are correct?
1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price.
4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output.
Which of the statement(s) given above is/are correct?
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