Question
Whenever MP falls and is positive, TP changes at what rate?
  1. TP rises at increasing rate.
  2. TP rises at diminishing rate.
  3. TP decreases after reaching its maximum.
  4. None of the above.

Answer

  1. TP rises at diminishing rate.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

There are only a few sellers under.
  1. Perfect competition.
  2. Monopolistic competition.
  3. Monopoly.
  4. Oligopoly.
Which one of the following options is not a condition of perfect competition?
  1. A large number of firms.
  2. Perfect mobility of factors.
  3. Informative advertising to ensure that consumers have good information.
  4. Freedom of entry and exit into and out of the market.
Which objective of government budget increases equality in the society?
  1. Re-distribution of income and wealth.
  2. Economic stability.
  3. Allocation of resources.
  4. Economic growth.
Under perfect competition a firm is ______________.
  1. Price maker and not price taker.
  2. Price taker and not price maker.
  3. Neither price maker nor price taker.
  4. None of these.
Assume that in the market for a good Z there is a simultaneous increase in demand and the quantity supplied. The result will be:
  1. An increase in equilibrium price and quantity.
  2. A decrease in equilibrium price and quantity.
  3. An increase in equilibrium quantity and uncertain effect on equilibrium price.
  4. A decrease in equilibrium price and increase in equilibrium quantity.
Slope of the demand curve is estimated as:

  1. $-\frac{\Delta\text{p}}{\Delta\text{q}}$

  2. $\frac{\Delta\text{p}}{\Delta\text{q}}$

  3. $\frac{\Delta\text{q}}{\Delta\text{p}}$

  4. $\frac{\text{p}}{\text{q}}$

Foreign exchange transactions dependent on other foreign exchange transactions are called: (Choose the correct alternative)
  1. Current account transactions.
  2. Capital account transactions.
  3. Autonomous transactions.
  4. Accommodating transaction.
Price discrimination will be profitable only if the elasticity of demand in different sub markets is:
  1. Uniform.
  2. Different.
  3. Less.
  4. Zero.
Arrange the different forms of money in the order of their liquidity:
  1. Cheque.
  2. Cash.
  3. Debit card.
  4. Equity shares.
  5. Bonds.
Codes:
  1. 2 4 3 1 5
  2. 2 1 3 4 5
  3. 2 3 1 4 5
  4. 2 1 4 3 5
In case of inferior goods like bajra, a fall in its price tends to _______:
  1. Make the demand remain constant.
  2. Reduce the demand.
  3. Increase the demand.
  4. Change the demand in an abnormal way.