61. In which case the elasticity shown by the different points of a curve is the same?
62. Match the following:
a. Cardinal approach
1. Marginal utility
b. Ordinal approach
2. Alfred Marshall
c. Hicks-Allen approach
3. J. R. Hicks
d. Consumer's surplus
4. Indifference curve
| a. Cardinal approach | 1. Marginal utility |
| b. Ordinal approach | 2. Alfred Marshall |
| c. Hicks-Allen approach | 3. J. R. Hicks |
| d. Consumer's surplus | 4. Indifference curve |
63. Cross elasticity of complementary goods is
64. Law of diminishing marginal utility states
65. A cause of inflation is
66. A perfectly competitive firm will always expand output as long as
67. A monopolist will fix the equilibrium output of his product where the elasticity of his AR curve is
68. The economic analysis expects the con sumer to behave in a manner
69. The advertisement cost is included in
70. Match the following:
List-I (Authors)
List-II (Statement)
a. Marshall
1. The labour and capital of a country acting on its natural resources produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds. This is the true net annual income or revenue of the country or national dividend
b. Pigou
2. National income is that part of objective income of the community including of course income derived from abroad which can be measured in money
c. Fisher
3. The national dividend or income consists solely of services as received by ultimate consumers whether from their material or from their human environments. Thus, a Piano, or an overcoat made for me this year is not a part of this year's income, but an addition to the capital. Only the services rendered to me during this year by these things are income
d. T. F. Dernberg
4. Gross domestic product at market price is defined as the market value of the output of final goods and services produced in the domestic territory of a country during an accounting year
| List-I (Authors) | List-II (Statement) |
| a. Marshall | 1. The labour and capital of a country acting on its natural resources produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds. This is the true net annual income or revenue of the country or national dividend |
| b. Pigou | 2. National income is that part of objective income of the community including of course income derived from abroad which can be measured in money |
| c. Fisher | 3. The national dividend or income consists solely of services as received by ultimate consumers whether from their material or from their human environments. Thus, a Piano, or an overcoat made for me this year is not a part of this year's income, but an addition to the capital. Only the services rendered to me during this year by these things are income |
| d. T. F. Dernberg | 4. Gross domestic product at market price is defined as the market value of the output of final goods and services produced in the domestic territory of a country during an accounting year |
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