Short Answer TypeGiving reasons, state whether the following statements are true or false.
A monopolist can sell any quantity he likes at a price.
Giving reasons, state whether the following statements are true or false.
A monopolist can sell any quantity he likes at a price.
Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
Production in an economy is below its potential due to unemployment. Government starts employment generation schemes. Explain its effect using production possibilities curve.
Explain the relationship between prices of other goods and demand for the given period.
Explain the relationship between prices of other goods and demand for the given period.
The price elasticity of demand for a good is − 0.4. If its price increases by 5 percentage, by what percentage will its demand fall? Calculate.
The price elasticity of demand for a good is − 0.4. If its price increases by 5 percentage, by what percentage will its demand fall? Calculate.
Explain the conditions of producer’s equilibrium with the help of a numerical example.
Explain the conditions of producer’s equilibrium with the help of a numerical example.
Long Answer TypeExplain consumer’s equilibrium with the help of Indifference Curve Analysis.
Explain consumer’s equilibrium with the help of Indifference Curve Analysis.
Short Answer TypeExplain “large number of buyers and sellers” features of a perfectly competitive market.
Explain “large number of buyers and sellers” features of a perfectly competitive market.
Long Answer TypeExplain the Law of Variables Proportions with the help of total product and marginal product curves.
Explain the Law of Variables Proportions with the help of total product and marginal product curves.
Switch
