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Q. When the total product curve is falling, the:

Q. Which of the following is an example of a game theory strategy?

Q. If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is

Q. If the marginal product of labour is below the average product of labour. It must be true that:

Q. A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. This is an example of

Q. A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:

Q. Law of variable proportion is valid when:

Q. If a more efficient technology was discovered by a firm, there would be:

Q. Which of the following shifts the demand for watches to the right?

Q. If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be: