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Q. Production creates _________ utility.

Q. “Money is what money does”. This definition was given by __________

Q. Due to the operation of ‘Laws of return to Scale’ LAC curve is

Q. In the case of inferior goods, the consumer

Q. If a firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers, then the Average Product of the worker is

Q. Law of Variable Proportions was developed by _____________

Q. Point Elasticity was propounded by ________________

Q. Opportunity cost is measured in terms of the

Q. The total ___________ curve will be a horizontal line.

Q. On the basis of functions, financial markets are classified into _________ types.