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The Third Generation reforms focused primarily on which of these aspects?

Explain collusive and non- collusive oligopoly.

A perfectly elastic price-demand curve is parallel to the X - axis. Why or why not ?

The biological decomposition of organic substances in wastes under controlled conditions is known as ___ .

“In a hypothetical market of mobile phones, the brand AWAAZ was leading the market share. Its nearest competitor VAARTA suddenly changed its strategy by bringing in a new model of the mobile phone at a relatively lesser price. In response, AWAAZ too slashed its price.”

Based on the above information, identify the form of market represented and discuss any one feature of the market.

Or

Discuss the primary reason for ‘indeterminateness of demand curve’ under the oligopoly form of market.

Why are patented drugs sold at very high prices?

Which of the following is an example of a capital input?

The minimum point of a firm's LRAC is Rs 8, at which it produces a quantity of 500. Which of the following price-quantity pairs (p,q) can lie on the supply curve?

Which of the following is not a feature of perfect competition ?

(a) Large no. of buyers

(b) Free entry and exit

(c) Large no. of sellers

(d) Differentiated products

Explain the relationship between the following:

(i) Prices of other goods and demand for the given goods

(ii) Income of the buyers and demand for a good

What happens to the difference between total cost and total variable cost as output is increased?

Which of these can be referred to as ‘point of satiety’?

i) Marginal Utility is negative

ii) Marginal utility is zero

iii) Total Utility is rising

iv) Total Utility is falling

When market power is obtained through barriers to entry created by a firm itself, the market power is called ___ market power.

Give any three points of difference between business and employment.

State three limitations of e-business.

dummy Which of the following is an assumption associated with the definition of a production function?

A consumer buys 100 units of a good at a price of Rs. 5 per unit. When price changes he buys 140 units. What is the new price if price elasticity of demand is - 2 ?

If it is given that the total variable cost for producing 15 units of output is Rs. 3000 and for 16 units is Rs. 3,500 Find the value of Marginal Cost.

Which of the following were part of the First Generation Reforms?

The US standard model of development emphasized which of the following?

How does technological progress affect the supply curve of a firm?

Due to prolonged droughts, there was a massive crop failure in your state leading to scarcity of food crops. As the economic advisor to the chief minister, which of the following policies would you recommend?

Calculate Total Variable Cost and Marginal Cost from the following cost schedule of a firm whose Total Fixed Costs are Rs. 12 :

$\begin{array}{ccccc}\text{Output (Units)}& 1& 2& 3& 4\\ \text{Total cost (Rs)}& 20& 26& 31& 38\end{array}$

Non-biodegradable wastes are generated by thermal power plants which produces:

What will be the effect of 10 per cent rise in price of a good on its demand if price elasticity of demand is

(a) Zero

(b) -1

(c) -2

How would 'Standard Oil' respond to an expected change in oil prices?

Which system lies on the same side as socialism?

What causes an upward movement along a demand curve?

In how many ways can a cricket team of 11 players be chosen out from a squad of 14 players, if 5 particular players are always chosen?

Statement: Most of those who study in premier engineering colleges in India migrate to developed nations for better prospects in their professional pursuits.

Courses of Action:

I. All the students joining these colleges should be asked to sign a bond at the time of admission to the effect that they will remain in India at least for ten years after they complete education.

II. All those students who desire to settle in the developed nations should be asked to pay the entire cost of their education which the government subsidises.

What is sustainable development?

Water gas is a mixture of hydrogen and:

Which one of the following bodies was set up to oversee matters of higher education?

How many firms are there in the monopoly market?

The long-run supply curve of a firm follows the conditions:

'Economics of risk' deals with dropping which of these assumptions about the perfectly competitive market?

Can you think of any commodity on which price ceiling is imposed in India? What may be the consequences of price ceiling?

70% of India's population lives in rural areas. What percentage of its hospitals are located in the rural areas?

In pre-industrial times, which of the following contributed the most to a country's economy?

Major cause of ozone depletion is due to which chemical?

Why is there an inverse relationship between the price of a commodity and its quantity demanded?

Why is the average revenue curve of a monopolist less elastic than the average revenue curve of a firm under monopolistic competition? Explain.

Initially, the slope of the production function increases steeply because of

A consumer buys 10 units of a commodity at a price of Rs. 10 per unit. He incurs an expenditure of Rs. 200 on buying 20 units. Calculate price elasticity of demand by percentage method. Comment on the shape of the demand curve based on this information.

The revenue-maximizing level of output for a monopoly firm is 20 units. If the marginal revenue of the first unit sold is Rs 60, what is the maximum total revenue?

Find the profit maximizing level of output from the following :

$\begin{array}{ccc}\text{Quantity sold}& \text{Price}& \text{Average Total Cost}\\ \text{(Units)}& \text{(Rs. per unit)}& \text{(Rs.)}\\ 7& 10& 6\\ 8& 9& 5\\ 9& 8& 6\\ 10& 7& 7\end{array}$

What do you mean by a normal good?

Give the meaning of outsourcing.