Question
Which of all the following is not an assumption of
Marshall Consumer Theory of Demand?Solution
All are assumptions of Marshall Consumer Theory of Demand.
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Within a country, the domestic price of a product will equal the world price if
In a perfectly competitive market, a firm’s long run supply curve is
The substitution effect for a commodity is
If the endowment of some resource increases, the industry that uses that resource most intensively will increase its output while the other in...
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time
Which of the following is/are the aim/aims of "Digital India" Plan of the Government of India?
- Formation of India's own...
Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?
(i) Acceptance of demand deposits
...Which Index number satisfies both the time reversal test and the factor reversal test?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
