Question
Which of the following statement is the objective(s) of setting up of Regional rural banks? (i) development of agriculture, trade and other productive activities in rural area (ii) provide credit and other facilities to the small and marginal farmers and small entrepreneurs.
More Microeconomics Section Tests Questions
- Given the Total Cost function TC = 100 + 10Q + 2Q squared, what is the Marginal Cost (MC) when output Q is 5?
- If the demand function is P = 100 - 2Q, what is the Marginal Revenue (MR) at Q = 10?
- Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Tax Function: T = T0 + tY Income Id...
- A firm’s total fixed cost is 500. When output is 50 units, the total variable cost is 1000. What is the Average Total Cost (ATC) at 50 units?
- A firm’s production function is Q = 10 * L to the power of 0.5 * K to the power of 0.5. If the firm uses 16 units of Labor and 25 units of Capital, what is...
- Under the condition of "Product Exhaustion" (Euler's Theorem), if a firm operates under Increasing Returns to Scale and pays each factor its marginal produ...
- A "Homothetic" production function is a monotonic transformation of a homogeneous function. For such functions, the Expansion Path is always:
- Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sittin...
- The coefficient of regression of Y on X is byx = 1.2 , If A = (X-300)/4 and C = (Y-500)/6 find bCA
- If the Marginal Product of Labor (MPL) is 20 and the MRTS of Labor for Capital is 4, what is the Marginal Product of Capital (MPK)?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt