Find the number of all possible samples from a population containing 8 items from which 2 items are selected at random without replacement.
The number of ways of selecting n samples from a population containing n items is N Cn . The population is N = 8 and sample size is n = 2. Therefore the number of possible samples are 8 C2 = 28.
P=400, MC= 200, Lerner index = ?
| List – I | List – II |
| a. Kinked demand curve hypothesis | 1. William Baumol |
| b. Sales maximization model of oligopoly | 2. Paul Sweezy |
| c. Social Welfare Criterion | 3. Adam Smith |
| d. Law of Invisible hand | 4. Bergson |
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
| List – I | List – II |
| a. Psychological Law of Consumption | 1. Irving Fisher |
| b. Time preference theory of interest | 2. J.M. Keynes |
| c. Public Choice View | 3. Mundell and Fleming |
| d. Open Economy IS-LM model | 4. Gorden Tullock |
Identify the order of chronological development of the theory of demand.
a. Marshall’s theory of demand
b. Indifference curves
c. Revealed preference theory
d. Weak Preference ordering theory of demand.
Codes:
If interest payments are subtracted from gross fiscal deficit, the remainder will be
