Question
In the question below is given a statement followed by
two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement. Statement: 1. Unemployment is one of the biggest problems in India. Our Govt. should take major steps to generate employment. 2. Unemployment gives rise to poverty problem in our country. It also affects our economic growth. Assumption: I. Unemployment is the only problem which needs the attention of our Govt. II. Generating employment can boost India’s economy.Solution
The correct answer is B
The increasing returns to scale occurs. because larger scale provides greater specialization to various factors" is a statement given by
Pricing decision includes
Which one of the following is not the function of a managerial economist?
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Elasticity of demand measures the
Under perfect competition, the long-run equilibrium of the firm is established at
Economics of scale means
Cross-selling means:
Selling through DSA reduces:
Concept of 'Consumer's Surplus' was evolved by