Question
A Statement followed by Conclusion - I and Conclusion -
II is given below. You have to take the Statement to be true even if it seems to be at variance from the commonly known facts. Read all Conclusions and then decide which of the given Conclusion(s) logically follows/follow from the Statement, disregarding the commonly known facts. Statement : Some radios are mobiles. All mobiles are computers. Some computers are watches. Conclusion – I : Certainly some radios are watches. Conclusion-Il: Certainly some mobiles are watches. Which one of the following is correct?Solution
The correct answer is D
The reasons for L-shaped long run average cost curve is/are
The positive cross elasticity of demand between two products means the two products
Pricing decision includes
Diamond-water paradox establishes the fact that
Shifts in demand curve as shown in the figure below represents
When price elasticity of demand is unity, the total expenditure:
In case of Giffens goods, price effect is
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
OPEC is an example ofÂ