Correct option is B
Property of production indifference curves –
Downward Sloping
Convex to the origin
Higher Indifference curves represent higher levels of output
Do not intersect
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Question
In the case of two production-inputs, which one of the following is not a property of Isoquants (th production indifference curves)?
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- 1)Match the list -I with List -II
Options:LIST-I Concept
LIST-II Formula
A. Total Utility
I. MU1+MU2+______MUn
B. Marginal Utility
II. TUn−TUn−1
C. Average Fixed Cost
III. ΔTC/ΔQ
D. Marginal Cost
IV. TFC/Q
- 2)Which one of the following is/are hold(s) true to successfully practice price discrimination?
A. The firm must be a pure monopoly
B. The firm must possess market power
C. It must be difficult for consumers in one market to sell to consumers in the other market
Choose the most appropriate answer from the options given below: - 3)Sub-optimal allocation of resources under monopoly, which causes social welfare loss, is often inferred as:
- 4)
Assertion A: Equilibrium price of a commodity is the price at which the quantity demanded of the commodity equals the quantity supplied.
Reasoning R: Equilibrium is the condition, once determined, tends to persist in time.
Choose the right options:
- 5)
Match the market forms in List I and the role of the selling costs in List II
Choose the correct answer from the options given below:
- 6)
Which of the following relationships is true in a modal distribution?
- 7)
Assertion (A): Firms opt for buying an asset if the equivalent annual cost of ownership and operation is less than the best lease rate it can get.
Reason (R): Operating leases are attractive to equipment users if the lease payment is less than the user's equivalent annual cost of buying the equipment.
Choose the most appropriate answer from the options given below:
- 8)
‘Constraint Optimization’ is closer to which of the following objectives of a business firm?
- 9)
Which of the following is correct?
- 10)Which of the following curves cannot be U-shaped?
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