81. Match the items of List-I with the items of List-II and choose the correct.
List-I
List-II
a. Income elasticity less than unity
1. Competitive goods
b. Cross elasticity less than unity
2. Inferior foods
c. Cross elasticity less than zero
3. Superior goods
d. Income elasticity less than zero
4. Complementary goods
List-I | List-II |
a. Income elasticity less than unity | 1. Competitive goods |
b. Cross elasticity less than unity | 2. Inferior foods |
c. Cross elasticity less than zero | 3. Superior goods |
d. Income elasticity less than zero | 4. Complementary goods |
82. The lines ABCD represents which type of a curve?
83. Goods which are paradoxical to the law of demand are
84. The various degrees of price elasticity of demand can be shown on a single demand curve as per which one of the following?
85. Which of the following is the best general definition of the study of business economics?
86. The kinked demand curve model of oligopoly assumes that the price elasticity of demand
87. Given the production function q = 4L + K, what is the formula for the marginal product of labour?
88. Census is conducted in India, each
89. Implicit costs are
90. Consider the following statements.
1. The main purpose of a business firm is to earn profit.
2. Capital management(s) is dealt within business economic.
3. Cost analysis is required for cost control.
Which of the statement(s) given above is/are correct?
1. The main purpose of a business firm is to earn profit.
2. Capital management(s) is dealt within business economic.
3. Cost analysis is required for cost control.
Which of the statement(s) given above is/are correct?
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