Q3) State and explain the Law of Diminishing Marginal Returns. S. 2) Attempt any 4 of the remaining questions that carry 15 marks each. Boudreaux is a senior fellow with American Institute for Economic Research and with the F. Q-2) Describe the price and demand relationship with suitable examples. In our country, for the manufacturing of agricultural implements tools, mostly wood is used, because
(A) Easy available at all the places (B) Wood is cheaper
(C) Easy to repair tools made-up of the wooden, compound to metal tools
(D) Above (A) to (C) are correct (ANSWER : D)11.
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Which economic concepts are useful in decisionmaking for the managers. . We rely on competitive markets to supply us with “correct” quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. d) Consumer Protection.
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Q1) Which economic concepts can be used by managers in taking various businessdecisions. d) Consumption function. 3) Define Production Function. Instead, I will pay my respects to Demsetz by offering a list — partial, to be sure — of questions that should be asked more frequently. Instructions :Q1) Which economic decisions taken by the managers are based on economic concepts?Q2) Relationship between price and demand for a commodity can be inverse as well as direct. (c) Government wage policy: Sometimes, the government is pressurized by labour unions to institute minimum wage rates which are so high that many private employers find it difficult to pay.
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Agricultural tractors are generally having horsepower (h. very nice sites of the student specialYour Mobile number and Email id will not be published. S. S.
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OCTOBER 2010Instructions to the candidates:Attempt any 5 questions. In this article, we have compiled some Samples of Economics Questions and Answers For 2022 Wassce Candidates. Post comment
Accounting | Auditing | Commerce | Economics | Finance | Law | StatisticsEconomics MCQs → Economics Quiz from 11 to 15. The tool use for catching (handling) the claw and turning it hither and thither during beating is called
(A) Sewage block (B) Chisel
(C) Plier (D) Tongs (ANSWER : D)74. Q5) What do you understand by ‘cost Benefit Analysis’? Discuss the steps involved in it. Q-3) State and explain the Law of wikipedia reference marginal utility.
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” So why do some economists and pundits assert that the competition of firms in, say, South Korea with firms in America is socially beneficial only if the “winners” compensate the “losers”?And finally these questions: How can any person above the age of six listen to the campaign speeches of politicians and not understand that her intelligence has been deeply insulted? How can such a person, upon hearing a homily delivered by the typical political-office seeker, conclude that politicians can run her life and spend her money better than she can?Donald J. Which of the following wood is not used for making the handle of spade?
(A) Sheesham (B) Babool
(C) Neem (D) Mango (ANSWER: A)12. 8
(C) 204. 2) All questions carry equal marks.
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History offers not a single instance of a firm, unprotected by government-erected entry barriers, that has used its large size or “dominant” market share to harm consumers. How much horsepower (h. MAY 2005Instruction :Answer any two questions from both the sections. So why do many economists, pundits, and government officials continue to believe that the state must possess the power to regulate, or even to break up, firms simply because some particular firms are today large or “dominant”?Further, because there is no evidence of consumers ever being harmed when privately owned firms merge with each like this horizontally (that is, with rival firms) or vertically (that is, with suppliers or with customers), why do antitrust authorities retain the power to block such mergers?The U.
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45 (ANSWER : A)38. is driving to another gear ‘B’ having 125 r. This shows that there is an inverse relationship between the quantity demanded of a commodity and its price. Please be with emozzy and follow us.
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Q6) Describe the cost-plus pricing and penetration pricing methods with suitable examples. 2. Q7) Write notes on any two:- a) Variation and changes in supply. .
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