Question
Read the directions carefully and answer the following
questions. Four number – pairs are given, three of which are alike in certain manner, and one is different. Choose a different number – pair.Solution
Logic: Sum of the number + Sum of the digits of the numbers. 369 + (3+6+9 = 18) = 369 + 18 = 387 225 + (2+2+5 = 9) = 225 + 9 = 234 441 + (4+4+1 = 9) = 441 + 9 = 450 625 + (6+2+5 = 13) = 625 + 13 = 638
Concept of 'Consumer's Surplus' was evolved by
Market with one buyer and one seller is called
Under perfect competition, the long-run equilibrium of the firm is established at
The reasons for L-shaped long run average cost curve is/are
Pricing decision includes
Market demand for any good is a function of the
The goods whose demand is not tied with the demand for some other goods are said to have
Which one of the following is not the function of a managerial economist?
When AR is constant, MR is
When price elasticity of demand is unity, the total expenditure:
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