101. Match the following.
List-I
List-II
a. Law oi diminishing marginal utility
1. Cross demand
b. Relationship between price of one commodity and demand for other commodity
2. Oligopoly
c. Skimming the cream policy
3. Cardinal approach
d. Price rigidity
4. Pioneer pricing
List-I | List-II |
a. Law oi diminishing marginal utility | 1. Cross demand |
b. Relationship between price of one commodity and demand for other commodity | 2. Oligopoly |
c. Skimming the cream policy | 3. Cardinal approach |
d. Price rigidity | 4. Pioneer pricing |
102. Assertion (A): If the monopolist faces identical demand curves for his commodity in two separate markets, by practising third degree price discrimination, he cannot increase his TR and total profits.
Reason (R): As the marginal revenue curves are identical when the demand curves in the two markets are the same, the monopolist will not charge different prices in each market to maximise profits.
Reason (R): As the marginal revenue curves are identical when the demand curves in the two markets are the same, the monopolist will not charge different prices in each market to maximise profits.
103. On the expansion path of the firm operating with homogeneous production function, which among the following remain constant?
1. Input ratio
2. Price ratio of inputs
3. Marginal rate of technical substitution between the factors
4. Elasticity of substitution
Select the correct answer
1. Input ratio
2. Price ratio of inputs
3. Marginal rate of technical substitution between the factors
4. Elasticity of substitution
Select the correct answer
104. If the price of coffee suddenly shoots up. Ceteris paribus, the demand for tea is expected to
105. Dan Patinkin has proved the law of proportionality with the help of which of the following effect
106. 'Life Expectancy' term is used for:
107. Micro-economic theory studies how a free-enterprise economy determines
108. Select the techniques of monetary control adopted by RBI from the following:
(i) Cash Reserve Ratio
(ii) Statutory Liquidity Ratio
(iii) Bank Rate
(iv) Currency Rate
(i) Cash Reserve Ratio
(ii) Statutory Liquidity Ratio
(iii) Bank Rate
(iv) Currency Rate
109. With regard to business cycles which of the following is not true?
110. Total production will be maximum when
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