The production function can be expressed as __________. (where L is labour and C is capital and Q is the maximum output that can be produced)

[SSC CHSL 2022]

Which among the following organizations is the best example of an agreement between oligopolists?

[RRB NTPC CBT]

Which of the following is/are the characteristic(s) of the Monopoly market?
(i) There is a single producer of a particular commodity.
(ii) No other commodity works as a substitute for this commodity.
(iii) There are no restrictions to prevent any other firm from entering the market and to start selling the same commodity.

[RRC GROUP D]

The profit of a firm is the ____ total revenue earned and total cost incurred.

[NTPC CBT 2]

The slope of an indifference curve is measured by:

[RRC GROUP D]

In Economics, Average product = __________÷ Labour

[RRC GROUP D]

Raw material and money in hand for production are classified under :

[RRB NTPC CBT]

_______is defined as the output per unit of variable input.

[NTPC CBT 2]

The sum of total fixed cost and total variable cost is known as:

[RRB NTPC CBT]

The demand curve is elastic when _______ and it is inelastic when _____.

[NTPC CBT 2]

The collection of all bundles that the consumer can buy with her income at the prevailing market prices is called the_________.

[SSC CHSL 2022]

Which of the following is calculated as the percentage change in the demand for the goods divided by the percentage change in the price for the goods?

[RRC GROUP D]

Which of the following statements about the law of demand is correct in the context of economics?
(a) The law of demand is a fundamental principle of economics, which states that the higher the price, the higher the quantity of a commodity the consumer will demand.
b) Demand, derived from the law of diminishing marginal utility, is based on the fact that consumers first use the economical goods to satisfy their most urgent needs.
c) The shape and quantity of demand changes in response to a change in price.

[RRC GROUP D]

In economics, the slope of the demand curve is typically

[RRC GROUP D]

Which of the following statements is correct regarding the marginal utility of a commodity?
I. It is the change in total utility due to consumption of one additional unit of a commodity.
II. It diminishes with increase in consumption of the commodity.

[SSC CHSL 2022]

_________buying occurs when a consumer experiences a sudden, often powerful and persistent urge to buy something immediately.

[RRC GROUP D]

According to the law of demand, the consumer's demand for a good must be ______.

[SSC CHSL 2022]

_______ means the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.

[RRC GROUP D]

Law of Demand states that, there is a negative relationship between ________

[SSC CHSL 2022]

Which of the following is NOT true about the demand curve?

[RRC GROUP D]

A consumer’s optimal bundle is located at the point of tangency between the budget line and ____

[NTPC CBT 2]

A Giffen good is related to which of the following?

[RRB NTPC CBT]

The percentage change in demand for a good, divided by the percentage change in its price is known as _______.

[NTPC CBT 2]

As compared to monopolistic competition, the demand curve in a monopoly is:

[SSC CHSL 2024]

The change in demand for a good or service caused by a change in a consumer’s purchasing power resulting from a change in real income is called.

[NTPC CBT 2]

If the price elasticity of demand is less than one, then the demand for the goods is said to be _______.

[SSC CHSL 2022]

The simultaneous shifts of both the demand curve and the supply curve can happen in which of the following ways?
I. Supply curve shifts leftward and demand curve shifts rightward.
II. Both supply and demand curves shift leftwards.
III. Supply curve shifts rightward and demand curve shifts leftward.

[SSC CHSL 2022]

Consumer theory is how people decide to spend their______.

[RRC GROUP D]

Which of the following statements is correct regarding the demand curve?
I. It is a graphical representation of the demand function.
Il. It gives the quantity demanded by the consumer at each price.

[SSC CHSL 2022]

The measure of responsiveness of the demand for Tea towards the change in the price of Coffee in the market is an example of ___________.

[RRC GROUP D]

If there is a fall in the demand of a good, the equilibrium price is expected to:

[SSC CHSL 2024]

Final goods are divided into:

[SSC CHSL 2023]

Goods such as food, clothing and services such as recreation that are consumed when purchased by their ultimate consumers are called

[RRB NTPC CBT]

As long as the marginal utility of a commodity is ________ ,an individual will always prefer more of that commodity.

[RRC GROUP D]

Which of the following is one of the features of capital goods?

[SSC MTS 2024]

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to _______.

[RRB NTPC CBT]

Items such as cars, clothes, chocolates, which are directly sold to the consumers are :

[SSC GD 2022]

Goods which are of durable character which are used in the production process are called___________.

[SSC MTS 2022]

Which of the following statements with respect to the law of variable proportions is true?

[NTPC CBT 2]

Which of the following is not true about indifference curves between two goods?

[RRC GROUP D]

The concept of indifference curve is based on the law of________________.

[RRC GROUP D]

Marginal cost of production refers to the change in total cost to produce_________ additional unit(s).

[RRC GROUP D]

Which of the following is constant along an indifference curve?

[RRC GROUP D]

Which of the following statements is correct regarding the production possibility frontier?
I. It gives the combinations between two goods that can be produced when the resources of the economy are fully utilised.
II. It illustrates the production possibilities of the economy.

[SSC CHSL 2022]

Machines, tools and implements, and buildings are examples of which type of goods?

[SSC CGL 2023]

Consumers lose satisfaction in a product the more they consume it, this is known as _______.

[RRC GROUP D]

Goods that are brought not for meeting the immediate need of the consumer but for producing other goods are called____________.

[RRB NTPC CBT]

Which of these is NOT a characteristic of durable goods?

[SSC CHSL 2023]

Recreation services are an example of _________.

[SSC MTS 2024]

An indifference map is a collection of indifference curves that represent different levels of __________

[RRC GROUP D]