Which theory is generally included under micro economics?

(a)

Price Theory

(b)

Income Theory

(c)

Employment Theory

(d)

Trade Theory

Who assumed that "utility is measurable".

(a)

Alfred Marshall

(b)

Adam smith

(c)

Hicks

(d)

Ricardo

__________are the basis for human behavior to buy and consume goods.

(a)

Choice

(b)

Scarcity

(c)

Resource

(d)

Wants

The indifference curve approach is based on the concept

(a)

Diminishing marginal rate of substitution

(b)

The law of maximum satisfaction

(c)

Single mode commodity

(d)

All the above

Who are interested in enlarging the scale of production of their commodities.

(a)

Entrepreneur

(b)

Producer

(c)

Consumer

(d)

Distributor

MC_n is a

(a)

TR - TC

(b)

TFC + TVC

(c)

TC_n - TC_n-1

(d)

All the above

Monopolistic competition is a form of __________

(a)

Oligopoly

(b)

Duopoly

(c)

Imperfect competition

(d)

Monopoly

Price elasticity of demand for individual firm in monopolistic competition is___________________.

(a)

infinite

(b)

very low

(c)

high

(d)

low

Social infrastructure are ______

(a)

Education

(b)

Training and research

(c)

Health and Housing

(d)

All the above

In India's total cement production, Tamil Nadu ranks

(a)

third

(b)

fourth

(c)

first

(d)

second