Mathematical Methods for Economics — Economics STD 11 — Question

α + β = 1 refers _______

Assertion (A) : If AR remains constant MR is also constant.
Reason (R) : MR is the addition made to the TR by the sale of an additional unit of a commodity

Assertion (A): Deductive method derives conclusions from general truth.
Reason (R): Hypotheses can be verified through direct observation and statistical methods

Choose the correct statement

Assertion (A) : There exists a huge economic disparity in the Indian economy.
Reason (R) : The proportion of income and assets owned by top 10% of Indians goes on increasing.

In the _______ system, the ownership rights of use and control of land were held by the tiller himself.

Assertion (A): When the price of inferior goods falls, the poor will buy less.
Reason (R): Poor consume less amount of inferior goods

In 2009, the total number of micro finance institutions in India was around ___________

Choose the correct statement