THEORY OF PRODUCTION FUNCTION
Theory of Production function Land includes the following natural resources. a. On the surface (i.e., soil, agricultural land) b. Below the surface (i.e., mineral resources, …
Microeconomics Practice Questions
Top 37 questions on Consumer’s Behaviour
Top 37 questions on Consumer’s Behaviour THEORY OF CONSUMER’S BEHAVIOUR & DEMAND Q1. Giffen’ goods are those goods Which give rise to a ‘cobweb’ situation …
Top 36 Introduction to Economics Important Question
NATURE AND SCOPE OF BUSINESS ECONOMICS Top 36 Introduction to Economics Important Question Q1. The term Economics is derived from a Latin word Greek word …
Microeconomics Practice Paper-03
Microeconomics Practice Paper Q1. Who wrote ‘Nature and Causes of Wealth of Nations? (a) Adam Smith (b) Alfred Marshall (c) Samuelson (d) Robbins ANS. Adam …
Microeconomics Practice Paper-02
Microeconomics Practice Paper Q1. Who wrote ‘Nature and Causes of Wealth of Nations? (a) Adam Smith (b) Alfred Marshall (c) Samuelson (d) Robbins ANS. (a) …
Microeconomics Practice Paper-01
Microeconomics Practice Paper Introductory Microeconomics Q1. Since microeconomics splits up the entire economy into smaller parts for the purpose of intensive study, it is also …