11. Iso-quants are also known as
12. MU curve will be below X-axis when
13. All money costs can be regarded as
14. In a free market economy, the optimal quality of goods and services is determined by
15. MC is given by
16. Which of the following creates time utility?
17. If the supply curve of a commodity is positively sloped, a rise in the price of the commodity ceteris paribus, results in and is referred to as
18. Personal income equals
19. When the price of one commodity in a combination of commodities falls in such a way that the consumer's real income changes but he remains on the same level of satisfaction as before, it is known as
20. Which one of the following structural changes in the composition of National Income of India would characterise economic development?
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