Question
99 124 160 209 273 355
454 Find out the wrong number in the following number series.Solution
99 + 25 = 124 124 + 36 = 160 160 + 49 = 209 209 + 64 = 273 273 + 81 = 354 354 + 100 = 454
A high value of cross-elasticity indicates that the two commodities are
Movement along a demand curve as a result of change in price is known as
Which one of the following is not the function of a managerial economist?
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Information for pricing decision involves
Under perfect competition, the long-run equilibrium of the firm is established at
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given by
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
